Personal Loan Applications Increase as Credit Card Applications Decrease, Says Credit Karma CEO

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Credit Karma CEO says Loan Applications Increase for Covid-19

Bloomberg in the US is reporting on Credit Karma CEO, Kenneth Lin, who tells that personal loan applications are up and credit card applications have decreased during the coronavirus pandemic.

Mar.24 — To provide economic relief for Americans during the coronavirus crisis, the IRS has extended the tax filing deadline to July. Americans are also awaiting a decision on the stimulus package. Kenneth Lin, Credit Karma chief executive officer, discusses how this is going to affect millions of households?

Bloomberg YouTube Channel

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In This Story: COVID-19

Covid-19 is the official WHO name given to the novel coronavirus which broke out in late 2019 and began to spread in the early months of 2020.

Symptoms of coronavirus

The main symptoms of coronavirus are:

  • a persistent new cough (non productive, dry)
  • a high temperature (e.g. head feels warm to the touch)
  • shortness of breath (if this is abnormal for the individual, or increased)

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