social shocks at the time of borrowing. There are indications that some borrowers suffer income shocks, but the magnitude is … when borrowing for the first time. Further, I find that high-cost borrowers persistently spend more than they earn and that …-essential spending around the time of borrowing. Taken together, the results indicate that high-cost borrowers have self-control problems …

Using comprehensive credit bureau data, we document that consumers who borrow from marketplace lending (MPL) platforms … have lower credit scores and higher default rates in the long run relative to observably similar applicants for bank loans …

We document the cyclical properties of unsecured consumer credit (procyclical and volatile) and of consumer … access to unsecured credit (because of bankruptcy costs) and aggregate shocks, we show that the cyclical behavior of … household earnings growth accounts for these properties, albeit not for the large volatility of credit. We find that tilting …

We use information from the last wave of the Spanish Survey of Households Finance to study the influence of debt on the … smaller MPC than non-indebted households. This negative association increases along with the amount of debt. We also find a …

ways: A debt effect increases credit card spending, while a credit effect leads to higher credit limits. In the short run … crisis, the credit effect exceeded the debt effect in the long run, pushing down long-term utilization. In our sample period … after the financial crisis, the debt effect dominated in the long run, and credit card utilization rates rose upon the …

run-up in debt during the bubble period of the early 2000s, the change in borrowing behavior that took place as the …Since the onset of the 2008 financial crisis, consumer financial and borrowing behavior, once considered a relatively … the Great Recession, there was a historic run-up in household debt, driven primarily by housing debt, which coincided with …