Breaking News : Unemployment issues creating debt problem during the pandemic

By | April 5, 2021

BREAKING NEWS STORY :

“When you are denied unemployment and that next job hasn’t come in– you are really just thinking about keeping the lights on, and keeping food on the table,” says Matt Schulz, Chief Credit Analyst, LendingTree.


Nearly 30 percent of Americans in a new survey say they are taking on more debt to survive during the pandemic. The biggest reason people are turning to credit cards right now is unemployment issues. Basically, when Americans are denied unemployment, there aren’t many options left. “When you a…Read More.

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