How Many South Carolinians Are Trying To Get Loans To Get Through Shut Down

With a record 10 million Americans losing their jobs in March and in South Carolina 64,856 people filed for Unemployment benefits between March 22 - March 28. This is in addition to the 31,054 who lost their jobs the week before. Government assistance checks out likely to start going out later this week or maybe even next week.

WalletHub today released its report on the States Where People Need Loans the Most Due to Coronavirus. Greater interest in getting a loan indicates that more people in the state are struggling to make ends meet.

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 are overall the #1 state in the country looking for loans right now.

  • South Carolina Residents’ Need for Loans Due to COVID-19
  • 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

# 2 DC

#3 Virginia

#4 Alabama

#5 New York

Here's the Link.

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