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Personal loans

Wallet Hub, March 30, 2021

March 30, 2021

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.”