This Article analyzes empirical data on one of America's fastest growing credit products, the title loan. A title loan … collateral for a non-purchase money loan. Title loans are made based solely on equity in a car. If a customer has insufficient …. While legislatures around the nation struggle with how to regulate home loans, credit cards, and other middle class products …

Access to formal credit remains critical for business operations, particularly for firms unable to generate sufficient …. The results show that the preferred credit provider matters, with the sensitivity level varying among the three … credit facility correlate positively with the outcome variable. There is an inverse relationship between the largest …

unsecured creditors. Using a country-wide panel of all registered firms, we document that the resulting reduction in collateral … newly binding credit constraints firms simply shrink their operations …

public firms after violations. We find that collateral plays an important role in alleviating credit rationing for private …We study the impact of covenant violations on credit access for privately-held and publicly-traded firms, using a rich … supervisory dataset of syndicated loans from 2006-2012. Leveraging the unique information on covenant compliance, collateral and …