This research examines how credit card debt affects consumer spending. In five experimental and field studies, the authors demonstrate that outstanding credit card debt increases spending for consumers with high self-control. They also show that this effect can be eliminated by increasing the available credit on the credit card. Thus, when the available credit is low, consumers with greater sel...

nowadays, credit risk is recognized as one of the most important bankruptcy factors of banks and financial institutions. in order to manage and control this risk, design of credit rating models is undeniable necessity. credit rating is used to identify the probability of credit default and on the other side classify the customers into two groups: good and bad accounts. until now, various statis...

With the help of a commercial bank in China, we studied consumer credit card debt behavior in correlation with demographics, attitude, personality, and credit card features factors. The study was conducted by using mail-in questionnaires, which were sent to credit card holders who was using or had used either revolving credit or petty installment plans. According to regression functions, we fou...

Credit and debit cards have spread and skyrocketed all around the world to become the most popular means of payments in many countries. Despite their enormous popularity, cards are not free of risk. Technology development and e-commerce have exponentially increased internal credit card incidents. This paper identifies and quantifies the different types of credit card fraud and puts into questio...

This paper analyzes a model where investors use a credit rating to decide whether to finance a firm. The rating quality depends on the credit rating agency’s (CRA) effort, which is unobservable. We analyze optimal compensation contracts for the CRA that differ depending on whether the firm, investors or a social planner orders the rating. We find that rating errors are larger when the firm orde...

To exploit someone is to manipulate them selfishly or unethically, often against their own interests. In the computing world, the word takes on a double meaning: to utilize a flaw or hidden opening to take unauthorized control of a computing system. Exploitation of both forms can occur via computers in the digital age, for both beneficial and detrimental causes: from stealing credit card number...

Credit evaluation is one of the most important and difficult tasks for credit card companies, mortgage companies, banks and other financial institutes. Incorrect credit judgement causes huge financial losses. This work describes the use of an evolutionary-fuzzy system capable of classifying suspicious and non-suspicious credit card transactions. The paper starts with the details of the system u...

We present a new ow control scheme, called virtual credit. This scheme may be considered either as a credit based ow-control algorithm without a queue per session at the ports, or as a way to modify the credit based scheme and to bring it closer to an end-to-end rate based scheme. Thus, the new scheme brings the credit based and rate based ow control schemes closer to each other, ooering an att...