IDEAS home Printed from https://ideas.repec.org/h/wsi/wschap/9789813200043_0010.html
   My bibliography  Save this book chapter

Credit Experiences

In: The Subprime Crisis Lessons for Business Students

Author

Listed:
  • Jaime Luque

    (1University of Wisconsin-Madison, USA)

Abstract

One consequence a homeowner faces if he is forced to foreclose on a property is the credit implications of failing to honor a loan. Namely, credit scores take a huge hit, which in turn makes borrowing more expensive, and in some cases, makes credit inaccessible. Consumers’ economic activity is heavily influenced by the cost of borrowing they face. Decreased household spending only exacerbates an economic environment subject to a subprime mortgage crisis. Understanding the implications that foreclosures have on individual credit can help us prevent an economic contraction such as the Great Recession…

Suggested Citation

  • Jaime Luque, 2017. "Credit Experiences," World Scientific Book Chapters, in: The Subprime Crisis Lessons for Business Students, chapter 10, pages 81-89, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9789813200043_0010
    as

    Download full text from publisher

    File URL: https://www.worldscientific.com/doi/pdf/10.1142/9789813200043_0010
    Download Restriction: Ebook Access is available upon purchase.

    File URL: https://www.worldscientific.com/doi/abs/10.1142/9789813200043_0010
    Download Restriction: Ebook Access is available upon purchase.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Subprime Crisis; Great Recession; 2009 Recession; Mortgage; Financial Market; Preventing Recession; 2009 Crisis; Interest Rates;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G1 - Financial Economics - - General Financial Markets

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:wschap:9789813200043_0010. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscientific.com/page/worldscibooks .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.