Online Loan Crisis
Updated: Jun 12
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According to NY Fin-tech DV01, online loan impairment rates are reaching depression levels. Please comment and let us know your thoughts.
Online loan impairments follow levels seen Q1 2020, 2019 and prior..
COVID - 19
Pandemic expands leading to a change in economic conditions including employment rate
Impairment rates increased by over 200% in April 2020. Overall impairment rate now exceeds 12%.