South Carolina Ranks 1st for Loan Search Interest During the Coronavirus Pandemic

WalletHub recently released its study on 2020’s States Where People Need Loans the Most Due to Coronaviru and South Carolina ranked 1st.

In order to determine where people are most in need of loans as a result of the coronavirus pandemic, WalletHub combined internal credit report data with data on Google search increases for three loan-related terms in the 50 states and the District of Columbia. Below, you can see highlights from the report, along with a WalletHub Q&A.

South Carolina Residents’ Need for Loans Due to COVID-19 (1=Biggest Need; 25=Avg.):

  • 13th – “Loans” Search Interest Index
  • 8th – “Payday Loans” Search Interest Index
  • 1st – “Home Equity Loan” Search Interest Index
  • 4th – Change in Average Inquiry Count April 6, 2020 vs. January 1, 2020

To see the full report, click here.

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