Balance forgiveness programs more effective at reducing credit card debt than lowering monthly minim

(Princeton University, Woodrow Wilson School of Public and International Affairs) New research from Princeton University suggests that relief targeting longer-term debt, such as the partial forgiveness of account balances, has a greater effect on a borrower's overall financial health than strategies concentrating on short-term liquidity issues.

from EurekAlert! - Social and Behavioral Science http://ift.tt/2kis6tA