Delinquent Debt Decisions and Their Consequences Over Time

Brief

Delinquent Debt Decisions and Their Consequences Over Time

Abstract

Many American consumers are in financial distress: nearly a third have debt in collections recorded on their credit report (Braga et al. 2016). 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 Area: 

Cross-Center Initiative

Cross-Center Initiative: 
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