Journal of Risk Management and Insurance: Vol. 22 No. 2 (2018)
(Assumption University Press, 2018)
Overindebtedness is a source of default risk facing by commercial banks and loan institutions. Although studies of factors influencing individuals’ indebtedness are prevalent, less of previous studies had examined financial factors distinguishing mild-debtors from overindebted individuals. The present study aims at identifying and empirically testing the financial factors (i.e. financial literacy, experiences in using financial services, and money management) which distinguish mild-debtors from overindebted individuals. Questionnaires wer...