Table 11 Average marginal effects

Not verified

− 0.00600***

0.00129

− 0.00597***

0.000671

− 0.00449***

0.00115

ln(Loan Amount)

0.00923***

0.00189

0.00853***

0.000843

0.00622***

0.00133

Term

− 0.0155***

0.00197

− 0.00572***

0.000672

− 0.00188**

0.000958

Interest rate

− 0.00107***

0.000354

0.000282***

6.63e−05

− 0.000415***

0.000132

Revolving utilitation

0.0195***

0.00276

0.00509***

0.00121

− 0.00165

0.00181

Months since last delinquent

− 0.00016***

2.77e−05

− 0.000105***

1.26e−05

− 6.75e−05***

1.90e−05

Debt to income ratio

0.000307***

7.78e−05

0.000267***

3.24e−05

0.000304***

4.70e−05

ln(Annual Income)

− 0.00217

0.00166

− 0.00174**

0.000737

− 5.18e−05

0.00117

Employment length

0.000236

0.000181

0.000258***

8.24e−05

0.000253**

0.000125

Loan to annual income

− 0.101***

0.0108

− 0.0633***

0.00420

− 0.0447***

0.00604

Loan purpose: credit card

0.00879***

0.00249

− 0.00129

0.00112

− 0.00381**

0.00178

Loan purpose: debt consolidation

0.00775***

0.00232

− 0.000549

0.000952

− 0.00260*

0.00136

Loan purpose: small business

− 0.00140

0.00663

− 0.00683***

0.00227

− 0.00226

0.00297

Home mortgaged

− 0.0277

0.0314

0.00167

0.0153

0.0272

0.0222

Home owned

− 0.0198

0.0315

0.00626

0.0153

0.0327

0.0222

Observations

32,906

136,791

56,652