Does Access to Fico Scores Influence Financial Behavior? Evidence From a Field Experiment With Student Loan Borrowers

Tatiana Homonoff, New York University, USA
Rourke O' Brien, University of Wisconsin - Madison, USA
Abigail Sussman, University of Chicago, USA
We examine whether access to credit score information influences financial decisions. In a randomized experiment of more than 450,000 student loan borrowers, we vary the presence of email correspondence providing information about credit score availability. Viewing their FICO score appears to induce individuals to take steps to improve their creditworthiness.
[ to cite ]:
Tatiana Homonoff, Rourke O' Brien, and Abigail Sussman (2017) ,"Does Access to Fico Scores Influence Financial Behavior? Evidence From a Field Experiment With Student Loan Borrowers", in NA - Advances in Consumer Research Volume 45, eds. Ayelet Gneezy, Vladas Griskevicius, and Patti Williams, Duluth, MN : Association for Consumer Research, Pages: 170-174.