Arizona ranks low for residents looking for loans to help with COVID’s financial stresses

By Mike Sunnucks | Rose Law Group Reporter

COVID-19 has upturned plenty of jobs and finances, but Arizonans are not rushing to get home equity, payday, and other loans to make ends meet. 

That is according to new research by WalletHub. The financial research and services firm looked at internet searches and traffic for loans by state. 

New York — has seen the most COVID-19 deaths — ranks as having the most interest in loans to help deal with the pandemic’s impacts. The Empire State is followed by Oklahoma, Tennessee, Maryland, and Florida. Arizona ranks 40th on the list and 31st for interest in home equity loans.

Arizona has 195,557 total COVID cases and 4,634 deaths, according to the Arizona Department of Health Services.Vermont, South Dakota, Alaska, Montana, and New Mexico have the fewest of residents searching online for loan help. 

California ranks 30th, Michigan 8th and Texas 9th on the Wallet Hub list.

The full report can be seen here.

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