Costs of Defaulting on Credit Card Debt Depend on the "Exit" Taken by Borrower Costs of Defaulting on Credit Card Debt Depend on the "Exit" Taken by Borrower Costs of Defaulting on Credit Card Debt Depend on the "Exit" Taken by Borrower

When consumers can’t pay their credit card bills, they choose between delinquency and bankruptcy. A new economic model indicates that by changing the face value of delinquent debt, lenders can maximize repayment and make a difference in whether or not a household chooses bankruptcy.

MoreLess

Year of publication:	2015
Authors:	Sanchez, Juan M.
Published in:	The Regional Economist. - Federal Reserve Bank of St. Louis. - 2015, April, 2-3
Publisher:	Federal Reserve Bank of St. Louis

More details

Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011261864