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 BEHAVIOR CHANGE

Plan-Making Reminders Improve Timely Loan Payments

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Summary by 
BHUB

A randomized evaluation found that on average, borrowers who were sent redesigned monthly statements and strategically timed reminders received 23% fewer penalties for having insufficient funds in their loan repayment

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TACTICS USED
Implementation Intentions,"Reminders, Cues, & Triggers"
BEHAVIORS ADDRESSED
Loan Repayment
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