[Retracted] How Does the Urgency of Borrowing in Text Messages Affect Loan Defaults? Evidence from P2P Loans in China
Table 2
Loan description text length value table.
Loan description (in Chinese)
The length of the text
(1) This loan is to be used for the new decoration of an old house and the purchase of furniture and electrical appliances. I am now working in a private enterprise as the manager of the administration department. I have been working for four and a half years. My job is stable and I have sufficient repayment ability. I have a good credit record, the use of a 22,000 yuan credit card for nearly 4 years with good credit, consistent on time repayments, and have no overdue payments!
84 (in Chinese)
(2) My house needs to be renovated and I am in urgent need of 100,000 yuan for the renovation.
