The Influence Of Financial Literacy And Financial Self Efficacy On Risky Credit Behavior In The Use Of Paylater Among Students(case study of FEB students at Bandar Lampung University)

Abstract

This study aims to demonstrate the influence of financial literacy and financial self-efficacy on credit risk in the use of PayLater services among students. This research employs a quantitative approach and the analysis technique used is Multiple Linear Regression with a sample of 91 students. This analysis states that financial literacy has a significant inverse relationship with credit risk, which means that increased financial literacy results in a decrease in credit risk levels when using pay later. Additionally, financial self-efficacy also has an inverse relationship with risky credit behavior, indicating that self-confidence in managing finances can reduce risky credit behavior. This research implies that efforts to improve financial literacy and strengthen financial self-efficacy need to be undertaken, especially among students, in order to minimize the detrimental impacts of risky credit behavior in the use of pay later.