Fulford, Scott L.; Stavins, Joanna - 2019 - This version: May 2019
payments, which may leave the household more exposed to other shocks. We find that this change affects credit card use in two … ways: A debt effect increases credit card spending, while a credit effect leads to higher credit limits. In the short run …, a new mortgage acquisition has a robust and statistically significant positive effect on credit card utilization - the …