“…Research has revealed that externals are less self‐confident (e.g., Fournier & Jeanrie, 1999; Gurol & Atsan, 2006), less optimistic (Popper, Amit, Gal, Mishkal‐Sinai, & Lisak, 2004), and lower risk‐taking (Miller & Mulligan, 2002), have lower self‐esteem (Judge & Bono, 2001), more impulsive consumption (O'Guinn & Faber, 1989), less tolerance for ambiguity, and are worse at coping with a change (Judge, Thoresen, Pucik, & Welbourne, 1999). All these characteristics may relate LOC to home mortgage loan behaviour differently from the way it relates to credit‐card debt.…”