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.):
- 19th – “Loan” Search Interest Index
- 14th – “Payday Loans” Search Interest Index
- 11th – “Home Equity Loan” Search Interest Index
- 20th – Change in Average Inquiry Count August 27, 2020 vs. January 1, 2020
To view the full report, click here.