Knowledge Tree
unsecured loans
Facts (12)
Sources
The Impacts of Individual and Household Debt on Health and Well ... apha.org Oct 25, 2021 12 facts
perspectiveThe American Public Health Association recommends that state health officers, boards of health, and Medicaid directors evaluate and publicly report on the association between overexposure to unsecured loans and population health.
perspectiveHealth care providers should advocate at the policy level to protect their communities from predatory lenders and overexposure to unsecured loans.
perspectiveThe American Public Health Association (APHA) policy brief recommends that states increase investments in consumer financial education and coaching as part of a comprehensive strategy to reduce unsecured loans.
claimStrategies to address unsecured debt are grounded in three rationales: reducing unsecured debt leads to improved health; reducing the need for unsecured loans (e.g., through public benefits) improves health outcomes; and increasing income reduces the pressure to take out loans, which is associated with better health.
claimJob training programs that increase income can reduce debt levels and the future pressure to take on unsecured loans.
perspectiveState health officers, boards of health, and Medicaid directors should evaluate and publicly report on the association between overexposure to unsecured loans and population health.
perspectiveState health officers, boards of health, and Medicaid directors should evaluate and publicly report on the association between overexposure to unsecured loans and population health.
perspectiveHealth care providers should work at the policy level to protect their communities from predatory lenders and overexposure to unsecured loans.
perspectiveHealth care providers should work at the policy level to protect their communities from predatory lenders and overexposure to unsecured loans.
perspectiveState health officers, boards of health, and Medicaid directors should evaluate and publicly report on the association between overexposure to unsecured loans and population health outcomes.
referenceStrategies to address unsecured debt are based on three rationales: reducing unsecured debt leads to improved health; reducing the need for unsecured loans (e.g., through public benefits) improves health outcomes; and increasing income reduces the pressure to take out loans, which is associated with better health.
perspectiveHealth care providers should work at the policy level to protect their communities from predatory lenders and overexposure to unsecured loans.