First-phase fuzzy RD: Credit score and obtaining a quick payday loan

First-phase fuzzy RD: Credit score and obtaining a quick payday loan

2.1 RD first-phase discontinuities

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We currently work into fuzzy first-phase discontinuities about analysis one to underpin all of our RD strategy. We utilize the term lender processes to explain an example away from software assessed at a particular credit get threshold by a lender while in the the attempt time frame. Particular lenders have one financial process into several-season ages of our test (we.elizabeth., they do not changes its credit score threshold along the months); most other loan providers has 3 or 4 bank process.