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Effectation of payday advances on missed re payments, standard balances and creditworthiness

Effectation of payday advances on missed re payments, standard balances and creditworthiness

.Pre-payday loan .Post-payday loan .
.(6–12 months) .(0–6 months) .(0–6 months) .(6–12 months) .
Panel (A): Missed payments
All credit–0.00–0.010.14 ***0.41 ***
(0.01)(0.01)(0.01)(0.03)
All non-payday credit–0.00–0.01–0.010.31 ***
(0.01)(0.01)(0.01)(0.02)
Panel (B): standard balances
Default balance–0.04–9.974.48116.39 ***
(7.35)(11.65)(18.41)(30.04)
Delinquent balance–8.12–10.8529.82 *42.18 **
(7.08)(8.39)(13.07)(14.71)
Non-payday standard personalbadcreditloans.net/reviews/national-cash-advance-review/ stability as–0.03–0.04–0.04 **0.07 ***
percent total balances(0.04)(0.06)(0.01)(0.02)
Non-payday delinquent balance as–0.01–0.030.02 *0.03 ***
percent total balances(0.01)(0.04)(0.01)(0.01)
Panel (C): Other results
Worst account status–0.01–0.010.26 ***1.11 ***
(0.06)(0.07)(0.03)(0.06)
Worsening credit0.03–0.040.080.42 ***
(0.08)(0.14)(0.25)(0.10)
Exceed overdraft limit–0.05–0.060.12 ***0.13 ***
(0.06)(0.07)(0.01)(0.01)
improvement in credit rating–25.67 ***
(0.98)
.Pre-payday loan .Post-payday loan .
.(6–12 months) .(0–6 months) .(0–6 months) .(6–12 months) .
Panel (A): Missed payments
All credit–0.00–0.010.14 ***0.41 ***
(0.01)(0.01)(0.01)(0.03)
All non-payday credit–0.00–0.01–0.010.31 ***
(0.01)(0.01)(0.01)(0.02)
Panel (B): standard balances
Default balance–0.04–9.974.48116.39 ***
(7.35)(11.65)(18.41)(30.04)
Delinquent stability–8.12–10.8529.82 *42.18 **
(7.08)(8.39)(13.07)(14.71)
Non-payday standard stability as–0.03–0.04–0.04 **0.07 ***
percent total balances(0.04)(0.06)(0.01)(0.02)
Non-payday delinquent stability as–0.01–0.030.02 *0.03 ***
percent total balances(0.01)(0.04)(0.01)(0.01)
Panel (C): Other results account status that is worst–0.01–0.010.26 ***1.11 ***
(0.06)(0.07)(0.03)(0.06)
Worsening credit0.03–0.040.080.42 ***
(0.08)(0.14)(0.25)(0.10)
Exceed overdraft limit–0.05–0.060.12 ***0.13 ***
(0.06)(0.07)(0.01)(0.01)
improvement in credit rating–25.67 ***
(0.98)

Dining dining dining Table reports pooled regional Wald data (standard mistakes) from IV local polynomial regression estimates for jump in result variables the financial institution credit-score limit within the pooled test.