An Introduction to Consumer Credit

Tufano, Peter; Ryan, Andrea; Schneider, Daniel

An Introduction to Consumer Credit

HBS Note No. 209-107

Harvard Business School Finance Unit

Posted: 21 May 2009

See all articles by Peter Tufano

Peter Tufano

University of Oxford - Said Business School

Daniel Schneider

Princeton University

Date Written: February 20, 2009

Abstract

This note reviews a variety of shorter-term consumer credit products in the U.S. with an emphasis on the types of products that low and moderate-income consumers use. Included here are the following: credit cards, bank overdraft products, payday lending, personal loans and peer-to-peer lending, home-equity lending, rent-to-own contracts, auto-title lending, pawnbroking, refund-anticipation loans, informal lending.

Suggested Citation: Suggested Citation

Tufano, Peter and Ryan, Andrea and Schneider, Daniel J., An Introduction to Consumer Credit (February 20, 2009). HBS Note No. 209-107, Harvard Business School Finance Unit, Available at SSRN: https://ssrn.com/abstract=1407703