The Influence of Online Cash Loan Service, Collection Ethics, and Service Integrity towards the Emotional Condition of User

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Published Sep 30, 2023
DOI https://doi.org/10.29138/ijebd.v6i5.2378

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Yuli Kurniawati
STIE Mahardhika
Nindya Kartika Kusmayati
STIE Mahardhika Surabaya
https://orcid.org/0000-0002-2563-2384

Abstract

Peer to peer lending financial tech apps are widely available on the internet by 2023. The number of app users is also significantly growing, especially after the epidemic began in late 2019. It is transforming the micro-economy today as new problems and hazards emerge. This study attempts to uncover the truth about the usage of peer-to-peer lending (P2PL), specifically their speedy loan service, as one of the independent factors to be examined, along with other variables such as collection ethics and service integrity,
and their influence on the user's emotional condition. As of March 2023, the Financial Service Authority (OJK) announced that at least 23 P2PL enterprises were in TWP90 (non-performing loan) and 85 unlawful online cash loan services. This leads to the belief that many users have fled from responsibility due to improper collection methods, and the pressure felt by the user is one of the reasons why the return of the lending is considered a troublesome scenario. According to this study, online cash loan service, collection ethics, and service integrity all have an impact on the emotional state of the user.

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Vol 6 No 5 (2023): September 2023
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Articles
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This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Author Biographies

Yuli Kurniawati, STIE Mahardhika

Yuli Kurniawati SE, MM holds graduate degree in accounting and finance from YKPN School of Economics, Yogyakarta, then earned her post-graduate degree from Pelita Harapan University majoring financial management. She has been working as manufacturing accountant and internal auditor in several public-multinational companies for more than 15 years. Now she teaches accounting and finance in Mahardhika School of Economics, Surabaya, and becomes associate lecturer at Petra Christian University, Surabaya. She is also busy as an entrepreneur in the field of management consulting and educational service.    

Nindya Kartika Kusmayati, STIE Mahardhika Surabaya

Nindya Kartika Kusmayanti SE, MM, holds graduate degree and post graduate degree in management from Mahardhika School of Economics, Surabaya. She has been working as entrepreneur since her young age and now also becomes associate researcher in her alma mater.

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