credit cards
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Credit card default is driven by job loss, not contract terms
Evidence from Mexico shows that job loss and employment instability – rather than high interest rates or minimum payment rules – are more important drivers of credit card default among new borrowers, suggesting that social protection may be more effe...
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Morality and credit card debt repayment in Indonesia
Do people care about morality when it comes to economic decisions with high financial stakes? An experiment with an Islamic bank's credit card customers aimed to find out