How much should first-time borrowers borrow?

How much should first-time borrowers borrow?

4 years ago
Anonymous $RGO3jP_V_c

https://www.sciencedaily.com/releases/2020/11/201130101259.htm

The paper argues that new borrowers -- especially young people and those of an "impulsive" disposition -- need protection to prevent them falling into long-term debt.

It says lenders should have a duty of care, requiring them to consider age, experience and personality traits, which can be detected by psychometric tests.