Payday Loans and Credit Cards: New Liquidity and Credit Scoring Puzzles?

By Sumit Agarwal, P. M. Skiba, Jeremy Tobacman. 2009

211 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/f7c185d590661b749c4e38a61b327960f09d8b05

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Citations in the corpus

Financial Literacy and High-Cost Borrowing in the United States (2013, unknown): “According to the estimates reported by Agarwal, Skiba, and Tobacman (2009), over a one-year period, typical credit card account holders would have saved almost $200 by borrowing up to their credit card limits before turning to payday borrowing.”
The Economic Importance of Financial Literacy: Theory and Evidence (2014, unknown): “Agarwal, Skiba, and Tobacman (2009) studied payday borrowers who also have access to credit cards, and they found that two-thirds of their sample had at least $1,000 in credit card liquidity on the day they took out their first payday loan.”
Information Asymmetries in Consumer Credit Markets: Evidence from Payday Lending (2013, unknown): “[2] Agarwal, Sumit, Paige Marta Skiba, and Jeremy Tobacman.”
Cognitive Abilities and Household Financial Decision Making (2013, background): “(JEL D14, G21) Individuals commonly make financial decisions that would be considered subop-timal according to standard consumer finance theory (e.g., Agarwal et al. 2009; Bertrand and Morse 2011; Choi, Laibson, and Madrian 2011).”
Do Payday Loans Cause Bankruptcy? (2019, background): “Skiba and Tobacman (2008b) and Agarwal, Skiba and Tobacman (2009) discuss more details of the credit-scoring process in the context of the pro tibility of payday lenders.”
FINANCIAL LITERACY, FINANCIAL EDUCATION AND ECONOMIC OUTCOMES (2012, unknown): “…2003, Bergstresser & Poterba 2004), paying down a mortgage faster than the amortization schedule requires while failing to contribute to a matched tax-deferred savings account (Amromin et al. 2007), and borrowing fromapayday lenderwhen cheaper sources of credit are available (Agarwal et al. 2009b).”