The need for loans has arguably never been greater in America following the COVID-19 pandemic. A 2020 study conducted by Bankrate.com shows that just 39% of Americans can cover a $1,000 emergency cost without taking out a loan. In a time of economic uncertainty, lenders offer a last resort option for many who are struggling to make ends meet and support themselves and their families.
Read MoreCommentary: Congressman Grothman’s Rate Caps Will Harm the Neediest Americans
