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Share Name | Share Symbol | Market | Type |
---|---|---|---|
LendingTree Inc | NASDAQ:TREE | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.08 | 0.16% | 49.41 | 47.00 | 51.50 | 51.72 | 48.893 | 51.00 | 238,738 | 22:30:00 |
CHARLOTTE, N.C., March 10, 2022 /PRNewswire/ -- As we mark the two-year anniversary of the coronavirus pandemic shut downs, many Americans are still experiencing its financial and credit impact — but in very different ways. In a new survey by LendingTree®, the nation's leading online financial services marketing, 30% of Americans went into debt while another 30% say they actually improved their credit score.
Among those who are dealing with debt, nearly half (48%) put the blame on inflation while 34% cite income loss.
Key findings
"There was a huge disparity in how Americans were affected by the pandemic financially, no question about it," says Matt Schulz, chief credit analyst at LendingTree. "Some folks emerged from the last two years ahead of the game, while others had their financial worlds absolutely devastated."
Credit card checkup: 5 steps to take today
No matter which credit pandemic tale you relate to, these key strategies can help you maintain your credit health.
To view the full report, visit: https://www.lendingtree.com/credit-cards/study/covid-19-and-credit-cards-inflation-debt/.
Methodology
LendingTree commissioned Qualtrics to conduct an online survey of 1,249 consumers from Feb. 7-10, 2022. The survey was administered using a nonprobability-based sample, and quotas were used to ensure the sample base represented the overall population. All responses were reviewed by researchers for quality control.
About LendingTree
LendingTree is the nation's leading online marketplace that connects consumers with the choices they need to be confident in their financial decisions. LendingTree empowers consumers to shop for financial services the same way they would shop for airline tickets or hotel stays, comparing multiple offers from a nationwide network of over 500 partners in one simple search, and can choose the option that best fits their financial needs. Services include mortgage loans, mortgage refinances, auto loans, personal loans, business loans, student loans, insurance, credit cards and more. Through the LendingTree platform, consumers receive free credit scores, credit monitoring and recommendations to improve credit health. LendingTree proactively compares consumers' credit accounts against offers on our network and notifies consumers when there is an opportunity to save money. In short, LendingTree's purpose is to help simplify financial decisions for life's meaningful moments through choice, education and support. LendingTree, LLC is a subsidiary of LendingTree, Inc. For more information, go to www.lendingtree.com, dial 800-555-TREE, like our Facebook page and/or follow us on Twitter @LendingTree
MEDIA CONTACT:
Morgan Lanier
morgan@lendingtreenews.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/covid-19-and-credit-cards-nearly-half-who-added-debt-during-pandemic-blame-inflation-301500055.html
SOURCE LendingTree
Copyright 2022 PR Newswire
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