Who’s at-risk? A case study of the demographic and socioeconomic characteristics of census tracts experiencing predatory and abusive mortgage lending in Philadelphia

Crossney, Kristen B.

doi:10.1016/j.geoforum.2017.02.013

Cited by 8 publications

(1 citation statement)

References 45 publications

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“…For example, poorer people are often forced to turn to high-cost sources of credit such as payday loans or payroll loans, usually offered by non-bank financial intermediaries. Particularly, those in the lowest income brackets and lower levels of education are frequent victims of the predatory rent-to-own system depriving of ownership until the final instalment (Crossney, 2017). Despite the devastating consequences of the global financial crisis, many countries have not improved their financial regulations enough in order to protect their poorest and most vulnerable citizens.…”

Section: Introductionmentioning

confidence: 99%

Does Social Capital Influence Debt Literacy? The Case of Facebook Users in Poland

Filipek¹,

Cwynar²,

Cwynar³

2019

Prague Economic Papers

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Debt literacy has been considered to be a critical competence of modern societies since the recent global financial crisis. Debt-literate individuals are less prone to financial abuse and perform better in terms of credit management. Currently, debt-related information and knowledge are widely accessible through social networking sites (SNS), such as Facebook. However, not all SNS users have equal access to debt-related resources, and, consequently, they reach different scores in debt literacy tests. This study examines relational factors (resources) behind the debt literacy of Facebook users (N = 1,055) in Poland by applying the Resource Generator tool built into the online questionnaire. This quantitative instrument helps to diagnose resources that are embedded and mobilised (social capital) from personal networks made up of kin, friends and acquaintances. We found that users with more social capital, that is, better access to resources, perform better in debt literacy tests. Moreover, weak ties (acquaintances) appear to be good sources of debt-related information and knowledge that have positive impact on debt literacy scores.

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Section: Introductionmentioning

confidence: 99%