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First-stage fuzzy RD: Credit score and receiving an online payday loan

First-stage fuzzy RD: Credit score and receiving an online payday loan

Figure shows in panel A an RD first-stage plot on that the horizontal axis shows standard deviations for the pooled firm fico scores, utilizing the credit history limit value set to 0. The vertical axis shows the chances of an specific applicant obtaining a loan from any lender on the market within a week of application. Panel B illustrates a thickness histogram of credit ratings.

First-stage RD that is fuzzy score and receiving a quick payday loan

Figure shows in panel A an RD first-stage plot by that the horizontal axis shows standard deviations regarding the pooled company credit ratings, aided by the credit history limit value set to 0. The vertical axis shows the probability of an specific applicant receiving a loan from any loan provider available in the market within a week of application. Panel B illustrates a thickness histogram of fico scores.

First-stage RD quotes

. (1) . (2) . (3) . (4) .
Applicant gets loan within . seven days . 30 days . 60 times . two years .
Estimate 0.45 *** 0.43 *** 0.42 *** 0.38 ***
(0.01) (0.01) (0.01) (0.01)
Findings 735,192 735,192 735,192 735,192
. (1) . (2) . (3) . (4) .
Applicant gets loan within . 1 week . thirty day period . 60 times . two years .
Estimate 0.45 *** 0.43 *** 0.42 *** 0.38 ***
(0.01) (0.01) (0.01) (0.01)
Findings 735,192 735,192 735,192 735,192

dining Table shows neighborhood polynomial regression predicted improvement in probability of acquiring a cash advance (from any loan provider in the market within 1 week, thirty days, 60 days or more to two years) during the credit rating limit in the pooled test of loan provider information.