Loan Selection and Access to Contractual Information

This study evaluates the determinants of responsible choices with a view to offering policymakers guidance in the adoption of effective tools to protect the users of financial services. The research context is confined to consumer credit. A significant impact of study curricula on the quality of decisions would warrant a bias for financial education initiatives addressing primarily the younger population, while transparency reasons would warrant a marked involvement in the decision making process of the information available upon subscription. The support, if any, of work experience or practice in the use of financial instruments would promote alternative tools, such as tax incentives on labor and investments, or financial education programs addressing primarily grown-ups.