online consumer debt. Our research design allocates individuals to either a financial literacy treatment, a self … literacy but only marginally affect future online borrowing. Our self-control treatment features detailed tracking of spending … and borrowing activity with a third-party app and introspection about individuals’ consumption with a counselor. These …

online consumer debt. Our research design allocates individuals to either a financial literacy treatment, a self … borrowing, budgeting, and introspection about consumption choices. These sessions reduce future online borrowing and delinquency … charges, mainly driven by a reduction in entertainment-related spending and borrowing. In contrast, financial literacy …