Outcomes for loan requests, item holdings, and balances

Outcomes for loan requests, item holdings, and balances

First we present results for loan requests and item holdings, excluding loans that are payday. dining dining Table 2 states the quotes associated with the jump during the acceptance limit. within the duration 0-6 months after very very first pay day loan application, brand brand new credit applications enhance by 0.59 applications (a 51.1% enhance of on a base of 1.15) for the managed group and item holdings enhance by 2.19 services and products (a 50.8% enhance). The plots in on line Appendix Figure A3 illustrate these discontinuities in credit applications and holdings within the duration after the cash advance, with those getting that loan making extra applications and keeping extra items compared to those marginally declined. Continue reading “Outcomes for loan requests, item holdings, and balances”