Whether you’re looking to get a personal loan due to the spread of the COVID-19 coronavirus, or you’re a financial services professional, you may be wondering how this pandemic has affected personal loans in America.
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Personal Loans: Lenders Requiring More Data on Loan Applications
For years your credit report data was enough for lenders to judge whether or not you are worthy of a personal loan. Recently, however, lenders have become hungry for what almost all companies want in 2020; more data.