States Where People Need Loans the Most – WalletHub Study

7/15/20

With the U.S. unemployment rate slowly improving but still at 11% due to COVID-19, WalletHub today released updated rankings for the States Where People Need Loans the Most Due to Coronavirus, as well as accompanying videos and audio files. 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.
Where People Need Loans the MostWhere People Need Loans the Least
1. New York42. Nebraska
2. Maryland43. New Hampshire
3. Illinois44. Maine
4. Virginia45. Idaho
5. Indiana46. Montana
6. Minnesota47. Delaware
7. Washington48. North Dakota
8. Alabama49. Wyoming
9. Kentucky50. Rhode Island
10. North Carolina51. Vermont

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