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What factors influence the credit behavior of households? 


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The credit behavior of households is influenced by various factors. These include financial literacy, risk perception, materialism, emotions, socio-cultural, psychological, institutional, and socio-economic factors . Income is also a key factor that influences debt, as it determines creditworthiness in banks . Additionally, the subjective assessment of households' financial situation, known as financial wellbeing, plays a significant role in their debt behavior. Individuals who assess their financial situation as very good are more likely to get into debt than those who perceive their material status as average . Other factors such as imitated lifestyle and consumerism, ability to manage money from debt, effects of promotion on the internet and visual media, monthly income, and increasing household expenses and dependents also influence debt behavior . These findings highlight the importance of considering both objective and subjective factors in understanding and modeling household credit behavior.

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The factors that influence the credit behavior of households are imitated lifestyle and consumerism, ability to manage money from debt, effects of promotion on the internet and visual media, monthly income, and increasing household expenses and dependants.
The paper states that the credit behavior of households is influenced by household characteristics such as income, age, and interest rates.
The paper states that income is a key factor influencing household debt, as it determines creditworthiness. Additionally, the subjective assessment of households' financial situation (financial wellbeing) also influences their debt behavior.
The paper discusses that the behavioral factors of financial literacy, risk perception, materialism, and emotions influence household over-indebtedness. However, it does not specifically mention the factors that influence credit behavior.

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Does affect financial behavior to family income?5 answersFinancial behavior does affect family income. Research indicates that financial literacy and attitudes positively influence household financial behavior. Additionally, financial literacy has a significant positive effect on financial behavior and financial inclusion, while income positively impacts financial behavior and financial inclusion. Moreover, household financial behavior indirectly affects income patterns, with variables like financial vulnerability, education level, and total credit influencing poverty levels in Indonesia. Furthermore, family financial socialization has a direct positive effect on financial behavior, which in turn can impact income. Therefore, improving financial literacy, attitudes, and behavior within families can potentially lead to better income management and overall financial well-being.
What are the factors that affect credit behavior?5 answersFactors that affect credit behavior include socio-cultural, psychological, institutional, and socio-economic factors. The transition to a market economy also influences credit behavior, leading to changes in the structure of consumption. Sociological and psychological factors play a significant role in shaping the subjective model of credit behavior. Additionally, social environment and the behavior of social groups are determining factors in consumer behavior. Macroeconomic factors such as GDP growth and inflation, as well as bank-related variables like liquidity ratio, risk, return on assets, and equity, also impact lending behavior. Corporate social activities and network centrality are found to be related to credit behavior. Demographic factors such as age, income, and marital status have a significant effect on credit card usage behavior. These factors collectively influence credit behavior and have implications for decision-making in credit management and policy-making.
Which factors influence a borrower's creditworthiness?5 answersFactors that influence a borrower's creditworthiness include age, level of education, monthly income, number of dependents, and loan tenure. Additionally, credit history, repayment behavior, and social network features have been shown to impact creditworthiness. Socioeconomic characteristics such as educational level, awareness about the location of business/home, sector of activities, availability of collateral, income stability, and personal wealth also play a significant role in microcredit repayment behavior. Psychological factors such as beliefs about money, self-efficacy, optimism, compulsive buying behavior, financial literacy, social comparison, buying behavior, self-control, and long-term financial planning are also influential in assessing credit risk. These factors provide valuable insights for lenders in assessing the creditworthiness of borrowers and improving credit risk management.
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