make ends meet and how to interact with the credit economy. This paper presents data showing that bankruptcy transforms how … people borrow. Despite very difficult financial circumstances after bankruptcy, most families initially refuse new credit. As … years elapse, more families begin to borrow. The overall pattern of credit use is restrained, however, compared both with …

from other unsecured debt. In 2005, student loans originated by private companies — loans granted only to credit … the cost of consumer credit. Focusing on consumers' decision-making biases, opponents predicted that there would be no … discernible change in the cost of consumer credit or loan volumes. We develop and test theoretical models predicting the effects …

a severe default crisis. In this study, we review the existing literature and provide new evidence supporting the credit … supply view of the episode, which holds that an increase in credit supply unrelated to fundamental improvements in income or … productivity was the shock that initiated the household debt boom and bust. The credit supply view is supported by four facts …

a severe default crisis. In this study, we review the existing literature and provide new evidence supporting the credit … supply view of the episode, which holds that an increase in credit supply unrelated to fundamental improvements in income or … productivity was the shock that initiated the household debt boom and bust. The credit supply view is supported by four facts …

anonymized credit bureau files, we examine the bankruptcy filing and delinquency rates of private student loan borrowers in …

from the previous quarter. Of this amount, $53 billion (65%) was student loan debt. In contrast, auto loans and credit card …