Standard economic theory says that unsecured, high-interest, short-term debt — such as borrowing via credit cards and … income shock of unemployment. Instead, individuals smooth their credit card debt and overdrafts by adjusting consumption. We … first use detailed longitudinal information on debit and credit card transactions, account balances, and credit lines from a …

Standard economic theory says that unsecured, high-interest, short-term debt -- such as borrowing via credit cards and … transitory income shock of unemployment. Instead, individuals smooth their credit card debt and overdrafts by adjusting … consumption. We first use detailed longitudinal information on debit and credit card transactions, account balances, and credit …

1990s, namely, the credit crunch and evergreening, i.e., inefficient additional lending. A credit crunch occurs when banks … Result in the Case with No APR Violations -- 4 Economic Analysis of Excess Additional Credit (Loan Evergreening) -- 5 …

highlight that information spillovers between lenders may operate outside credit registries …