An Introduction to Consumer Credit
Posted: 21 May 2009
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
University of Oxford Said Business School
Park End Street
Oxford, OX1 1HP
Great Britain
Daniel J. Schneider
Princeton University
284 Wallace Hall
Office of Population Research
Princeton, NJ 08544
United States
HOME PAGE: http://www.princeton.edu/~djschnei
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