and that high-cost loans are likely used to finance impulse spending or function as a way to prolong a credit …

We study recent technological innovation in credit markets and document their role in providing information to … households. We show that households value the ability to learn detailed information about their cost of credit. This function is … most valued by less creditworthy households with less experience in credit markets. To measure the demand for information …

Credit limit variability is a crucial aspect of the consumption, savings, and debt decisions of households in the … United States. Using a large panel, this paper first demonstrates that individuals gain and lose access to credit frequently … and often have their credit limits reduced unexpectedly. Credit limit volatility is larger than most estimates of income …

Using comprehensive credit bureau data, we document that consumers who borrow from marketplace lending (MPL) platforms … have lower credit scores and higher default rates in the long run relative to observably similar applicants for bank loans …

economic and sociodemographic characteristics in predicting applications for credit and the size of debt. The paper uses … microdata from the Estonian Household Finance and Consumption Survey (HFCS) and estimates probit and Heckman models. My analysis … larger. The variables describing the household's expectations for its future financial situation are on their own related to …

How does gaining access to expensive credit affect the well-being of credit-constrained households? I use plausibly … payday loans on household well-being. Using suicide risks as a long-term measure for household distress, I find detrimental …

.30%. This evidence suggests that credit constraints are relevant in this market. Things change substantially when moving along …

This paper studies the direct impact of households' debt on consumption over the business cycle. We use household … (iv) credit constraints do not play a major role in shaping the debt-consumption nexus. We conclude that, in contrast to …

-seeking behavior. They supply larger credit due to higher demand, but at higher rates due to greater perceived risks. The resulting …

consumers to seek financial advice in the form of credit counseling concerning their credit and debt. Credit counseling is an … important component of the consumer credit sector for consumers facing debt problems.We combine instrumental variable approaches … financial literacy to exposure to credit counseling. Our results show credit counseling substitutes for financial literacy …