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Retail Credit Users' Awareness of Their Credit Insurance Coverage
Author(s) -
COAPSTICK JANET,
GEISTFELD LOREN V.
Publication year - 1979
Publication title -
journal of consumer affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.582
H-Index - 62
eISSN - 1745-6606
pISSN - 0022-0078
DOI - 10.1111/j.1745-6606.1979.tb00147.x
Subject(s) - business , actuarial science , credit history , credit reference , balance (ability) , credit risk , finance , psychology , neuroscience
Retail credit user's awareness of their credit insurance coverage was investigated in telephone interviews. Respondents were divided into two groups: Aware, those who said they had credit insurance and actually did (63 percent of the respondents); and Unaware, those who said they had no credit insurance but actually did (37 percent). The distribution of awareness differed with age and outstanding credit balance. Awareness did not, however, differ with annual income, sex and education. Misperceptions that credit insurance was required also were investigated.