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DOI:10.2139/ssrn.3423029 - Corpus ID: 201442692
@article{Burke2019CreditBO, title={Credit Building or Credit Crumbling? A Credit Builder Loan's Effects on Consumer Behavior, Credit Scores and Their Predictive Power}, author={Jeremy Burke and Julian C. Jamison and Dean S. Karlan and Kata Mihaly and Jonathan Zinman}, journal={Household Finance eJournal}, year={2019}, url={https://api.semanticscholar.org/CorpusID:201442692}}- Jeremy Burke, Julian C. Jamison, Jonathan Zinman
- Published in Social Science Research… 1 July 2019
- Economics
There is little evidence on how the large market for credit score improvement products affects consumers or credit market efficiency. A randomized encouragement design on a standard credit builder loan (CBL) identifies null average effects on whether consumers have a credit score and the score itself, with important heterogeneity: those with loans outstanding at baseline fare worse, those without fare better. Selection, treatment effect, and prediction models indicate the CBL reveals valuable…
7 Citations
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