A significant proportion of credit card users persistently make low repayments on their debt. This paper tests whether … a financial tool known as Prize Linked Debt (PLD) can increase credit card debt repayments amongst borrowers who repay … probability of repaying the minimum falls by 69.1% for this population. This effect is driven by financial advice, anchoring and …

Debt moratoria that allow borrowers to postpone loan payments are a frequently used tool intended to soften the impact …, designed to study how debt forbearance offers affect loan repayment and banking relationships. In the experiment, borrowers …. The results show that delinquent borrowers who are offered a debt moratorium by their lender are 4 percentage points (7 …

the minimum from 36.9% to 9.6%. However, the nudge does not reduce credit card debt after seven payment cycles. Nudged …

We conduct a survey-based experiment with 2,776 students at a non-profit university to analyze income insurance demand … in education financing. We offered students a hypothetical choice: either a federal loan with income-driven repayment or … ISA uptake by 43%. We observe that students are responsive to changes in contract terms and possible student loan …

randomized experiment. Half of the students who responded to an Internet questionnaire were given factual information on loan … conditions, whereas the other half did not receive such information. Six months later, students who received information have …

As policy-makers grapple with whether or not to forgive student debt, for who, and how much, it is important to explore … how student debt forgiveness would relate to intended household decisions and behaviors. We conducted a survey experiment … that asked participants with student debt to imagine a scenario in which the federal government forgave a certain amount of …

suggests that people with low self-control have more problems with the repayment of consumer debt. This relationship is, in …