Brief Delinquent Debt Decisions and Their Consequences Over Time
Breno Braga, Signe-Mary McKernan, Hannah Hassani
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Many American consumers are in financial distress: nearly a third have debt in collections recorded on their credit report. People facing financial difficulties must delay some of their financial obligations. What are the long-term consequences of these decisions on future credit health and access to money?
Research Areas Wealth and financial well-being Families
Tags Asset and debts Economic well-being Opportunity and ownership Family credit and debt
Policy Centers Center on Labor, Human Services, and Population