Saturday, August 1, 2026
Science

Consumers often make suboptimal loan prepayment choices

When consumers pay down debt, many choose to put funds toward their oldest loans first—even when doing so may not make the most financial sense, according to recent research by Alicia M. Johnson, assistant professor of marketing at the Isenberg School of Management.

Consumers often make suboptimal loan prepayment choices
Image: Phys.org
When consumers pay down debt, many choose to put funds toward their oldest loans first—even when doing so may not make the most financial sense, according to recent research by Alicia M. Johnson, assistant professor of marketing at the Isenberg School of Management.

Originally published at Phys.org

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