Online Loan Crisis
Updated: Jun 12, 2020
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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.
Q1 2020
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
April 2020
Impairment rates increased by over 200% in April 2020. Overall impairment rate now exceeds 12%.