Ertuğrul, SeyitSayar, AlperenŞahin, TürkayÇakar,Tuna2024-02-282024-02-282024Cakar, T., Sahin, T., Ertugrul, S., Sayar, A. (Ocak 2024). Understanding the psychological and financial correlates for consumer credit use. Sosyoekonomi. 32(59). pp. 31-48.1305-5577https://doi.org/10.17233/sosyoekonomi.2024.01.02https://hdl.handle.net/20.500.11779/2253This study investigated the behavioural and cognitive predictors of consumer credit usage to develop a behavioural credit risk assessment procedure for a factoring company. Participants completed surveys measuring personality traits, self-esteem, material and monetary values, compulsive and impulsive buying tendencies, self-control, and impulsiveness. Financial surveys also assessed financial literacy and knowledge of financial concepts. The results indicated that extraversion, conscientiousness, emotional stability, and experiential self-control were significant predictors of consumer credit usage. These findings suggest that a finance company can use these personality traits and financial characteristics to develop a more accurate and effective credit risk assessment procedure, such as psychometric tests. © 2024, Sosyoekonomi Society. All rights reserved.eninfo:eu-repo/semantics/openAccessConsumer behaviourBehavioural economicsFinancial literacyFactoringConsumer creditArticle10.17233/sosyoekonomi.2024.01.022-s2.0-85192015375