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.