Lending, Open Banking
Finledger: Concerns about COVID-19 credit crisis aren’t going away anytime soon
It may be that the worst is yet to come regarding a credit crisis and long-term economic hardship. According to a survey of 2,000 U.S. consumers Finicity conducted last November, people stated they were just as concerned about their credit in the wake of job losses or financial hardship near the end of 2020 as they were during the initial onset of the pandemic. In fact, more than two-thirds (65%) of respondents said they are concerned their credit score will go down in the next six months because of the pandemic.