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.
Volume (Year): (2015)
Issue (Month): April ()
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