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focusgroup010/01/20241 replyview on HN

money quote [pun unintended]:

>In states that allow online betting, they found, the average credit score drops by almost 1% after about four years, while the likelihood of bankruptcy increases by 28%, and the amount of debt sent to collection agencies increases by 8%.


Replies

christophilus10/01/2024

It’s interesting that a 28% increase in likelihood of bankruptcy doesn’t produce more than a 1% hit to the credit score.

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