and that high-cost loans are likely used to finance impulse spending or function as a way to prolong a credit …

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 …

relationship between a cash-loan borrower's access to credit and their respective consumption response. In particular, we test … whether consumption among borrowers with a high level of addiction is more sensitive to a given change in credit. We use an … exogenous credit supply shock to cash-loan borrowers and show that expanding credit access is positively associated with …

The access to credit is generally seen as an important ingredient for development. However, over the last years reports … on families contracting excessive debt and falling into credit traps have also increased. In this paper I develop a model … of family credit behavior based on insights from behavioral economics. I particularly consider phenomena like keeping …