We study recent technological innovation in credit markets and document their role in providing information to … households. We show that households value the ability to learn detailed information about their cost of credit. This function is … most valued by less creditworthy households with less experience in credit markets. To measure the demand for information …

Credit limit variability is a crucial aspect of the consumption, savings, and debt decisions of households in the … United States. Using a large panel, this paper first demonstrates that individuals gain and lose access to credit frequently … and often have their credit limits reduced unexpectedly. Credit limit volatility is larger than most estimates of income …

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 …

This paper studies the direct impact of households' debt on consumption over the business cycle. We use household … (iv) credit constraints do not play a major role in shaping the debt-consumption nexus. We conclude that, in contrast to …

consumers to seek financial advice in the form of credit counseling concerning their credit and debt. Credit counseling is an … important component of the consumer credit sector for consumers facing debt problems.We combine instrumental variable approaches … financial literacy to exposure to credit counseling. Our results show credit counseling substitutes for financial literacy …

the Great Recession, there was a historic run-up in household debt, driven primarily by housing debt, which coincided with …. We examine the trends in household debt before, during, and since the 2000s financial crisis and Great Recession. As we … household debt has recovered to its previous level in nominal terms, its composition and characteristics have changed …

This paper examines to what extent household leverage - as measured by the debt-to-income (DTI) ratio - predicts … delinquency in Peru's consumer credit market. A model is estimated to assess the relation between delinquency and the DTI ratio … is effective for predicting delinquency. This evidence supports its use in financial regulation to improve household …