How does the large market for credit score improvement products affect consumers and market efficiency? For consumers …, we use a randomized encouragement design on a standard credit builder loan (CBL) and find null average effects on scores … credit activity. CBLs induce delinquency on pre-existing loan obligations, suggesting that even a seemingly modest additional …

banks in providing credit to smaller borrowers about whom information is least complete and, more generally, support the …

the financial health of the contracting parties and uncertainty regarding the borrowers' credit quality. The relative …

significant oversupply of credit, implying greater market power is desirable. We build a model of symmetric imperfect competition …

We present new evidence on consumer liquidity constraints and the credit market conditions that might give rise to them …

exogenous variation in credit card borrowing limits. Ten years after an individual declares Chapter 7 bankruptcy, the record of … the bankruptcy is removed from her credit report, generating an immediate and persistent increase in credit score. We … between 2004 and 2011. We document that in the year following flag removal, credit card limits increase by $780 and credit …

Credit information affects the allocation of consumer credit, but its effects on other markets that are relevant for … academic and policy analysis are unknown. This paper measures the effect of negative credit information on the employment and … earnings of Swedish individuals at the margins of the formal credit and labor markets. We exploit a policy change that …

simple, easily accessible variables from the digital footprint equal or exceed the information content of credit bureau … results have potentially wide implications for financial intermediaries' business models, for access to credit for the …