A significant proportion of credit card users persistently make the minimum repayment on their debt. Using an online experiment, we study how behavioral factors (advice, anchoring, and financial incentives) affect minimum debt repayment behavior. Our results show that although information interventions (advice and anchoring) have significant nudging effects on increasing repayments, the interventions that combine information with financial incentives have the largest effect, roughly doubling the information effects. Our results show that advising individuals to make a higher repayment and offering a financial incentive has a significant impact on individual debt repayment decisions, and can thus substantially reduce future debt burden.

很大一部分信用卡用户坚持不懈地偿还债务。通过在线实验，我们研究了行为因素（建议，锚定和财务激励措施）如何影响最低债务还款行为。我们的结果表明，尽管信息干预（建议和锚定）对增加还款额具有明显的推动作用，但将信息与财务激励措施相结合的干预措施效果最大，大约是信息影响的两倍。我们的结果表明，建议个人进行更高的还款并提供财务激励措施对个人的债务还款决定具有重大影响，从而可以大大减少未来的债务负担。