Personal loans

Patricia Wellmeyer, UCI clinical assistant professor of accounting, school of business wrote, “I think the biggest concern to personal loans from the impacts of COVID-19 is in Americans’ ability to make personal loan repayments during this time …. Having said this, many Americans are being given COVID-19 related repayment accommodations by lenders so that delinquency rates have actually stated steady or even fallen in some states in 2020. States hardest hit by COVID-19 infection rates (such as Washington) are those that have reported the highest personal loan hardship rates according to the TransUnion study.”