According to research conducted by the University of New Hampshire’s Carsey School of Public Policy, in 39 states, the number of jobs lost between February and July exceeds those lost in the great recession. While talks about a second stimulus package resume in September, unemployment and income uncertainty are putting a strain on American’s ability to cover large expenses.
Despite this, a growing number of people are relieving financial anxiety by taking out personal loans.
These loans can help you pay bills and cover expenses during cash-strapped times. How hard or easy is it to get a personal loan, and what role has the pandemic played? First, we have to talk about how personal loans work and what you need to consider before applying.
Things to consider when getting a personal loan during COVID-19
There’s an array of personal loans out there, but for the moment, we’re going to focus on the most common one: unsecured personal loans, whi… Read More