Considering the increasing indebtedness of young people, the ubiquitous advertising of credit, their possible ignorance of how credit operates, etc., this article examines young people’s perception of credit, the factors that have moulded that perception, and the latter’s consequences on credit use by young people. Discussion groups with youth aged 15 to 21 were conducted to identify certain trends in young people’s perception of credit. The discussion groups attempted to discern young people’s perception of credit, the sources of that perception, and their ability to understand credit advertisements.