We use the 1979 National Longitudinal Survey of Youth to revisit what is termed the credit card debt puzzle: why … consumers simultaneously co-hold high-interest credit card debt and lowinterest assets that could be used to pay down this debt … complete picture of households' balance sheets. Relative to individuals with no credit card debt but positive liquid assets …

less likely to default. This effect cannot be explained by borrower characteristics such as income and education, loan …

on borrowers in Tanzania where 431 borrowers from 37 rural SACCOS in Morogoro, Dodoma and Kilimanjaro regions were … involved. The study noted that 73.5% of the rural SACCOS' borrowers in Tanzania (P<0.01) realized the improvement of their … impacts of loans and low default rate for borrowers were positively related. This study recommends the following: borrowers …

repayment difficulties, yet typically does not result in eventual default; whereas borrowers who face repayment difficulties … that are likely driven by economic shocks face a high probability of default. …