Saturday, 28 March 2020

The Wall Street Journal: People require loans as coronavirus spreads however loan providers are making them harder to get

Banks and financial-technology companies are starting to strengthen their approval requirements for brand-new loans to consumers and small businesses. That implies many individuals might discover it hard to get credit just when they most require it, as the novel coronavirus pandemic puts thousands out of work.

Big U.S. lenders including JPMorgan Chase & Co., Bank of America Corp., Capital One Financial Corp. and Santander Customer U.S.A. Holdings Inc. are among the companies evaluating and modifying particular loaning criteria, according to individuals familiar …

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source https://jobsearchtips.net/the-wall-street-journal-people-require-loans-as-coronavirus-spreads-however-loan-providers-are-making-them-harder-to-get/

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