신용카드 부채 이용자 특성 분석 및 시사점 = An analysis of problematic credit card debt in Korea

다국어 초록 (Multilingual Abstract)

Using the Korean personal loan data from 2012 to 2016, this paper analyzes how problematic credit card debt persists over time and the role of income. First, there is a group of consumers who carry potentially problematic card debt for a number of years. 7.2% of credit card holders in 2016 had credit card debt more than their income over past 12 months and this debt overhang problem persisted throughout the sample period. Meanwhile, credit card holders who missed repayments more than 90 days were only 0.9% of credit card holders in 2016. Since severe delinquency occurred within two years, credit card delinquency problems more than 90 days tend to be temporary difficulties. Lastly, an increase in income is generally associated with an decrease in probability of getting credit card debt problem worse.