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Kansas Ranks in Bottom Half of States in Need of Most Loans Due to COVID-19

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TOPEKA, Kansas (WIBW) – A recent study shows Kansas ranks in the bottom half of the states in need of the most loans due to COVID-19.

WalletHub.com says it recently conducted a study showing which states residents need loans the most due to COVID-19 and Kansas ranks 40th, meaning the Kansans need fewer loans due to pandemic than most other states.

The personal finance website says it compared the 50 states and the District of Columbia across four key metrics that combine internal credit report data with data on Google search increases for three loan-related terms.

According to WalletHub, the states that need loans the most are:

  1. new York
  2. Maryland
  3. Illinois
  4. Virginia
  5. Indiana
  6. Minnesota
  7. Washington
  8. Alabama
  9. Kentucky
  10. North Carolina

The study shows that the states that need loans the least are:

  1. Vermont
  2. Rhode Island
  3. Wyoming
  4. North Dakota
  5. Delaware
  6. Montana
  7. Idaho
  8. Maine
  9. New Hampshire
  10. Nebraska

Kansas ranks 14th in the Loan Search Interest Index, 42nd in the Payday Loan Search Interest Index, 47th in the Home Loan Search Interest Index, and 34th, according to WalletHub. for the variation in the average number of requests.

To see where the other states are located or to learn more about the study visit WalletHub.com.

Copyright 2020 WIBW. All rights reserved.


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