News and knowledge from the UVA Darden School of Business.

Expert

Joonsung (Francis) Won

Postdoctoral Research Associate, Mayo Center for Asset Management

A postdoctoral research associate with Darden’s Mayo Center for Asset Management, Won studies banking, corporate finance and behavioral finance. A fluent speaker of English and Korean, he is proficient in Python, STATA, R, SAS and Matlab.

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Joonsung (Francis) Won

Insights

Healthcare Costs Are Changing How Lenders Approve Credit

Rising healthcare costs are distorting credit scores, making some borrowers appear more creditworthy than they are. Research from the Mayo Center for Asset Management shows that unreported medical debt leads to higher loan defaults and affects access to credit. Are lenders aware of the risks? What does this mean for borrowers and policymakers?