4 Key Trends From H1 2020, Based on our COVID-19 Report
True Accord
JULY 16, 2020
On that day, debt repayment dollars were 25% higher than on February 26th, the first day of tax season and previous payment peak. When presented with a one-time surge in income (like a tax refund or stimulus check), many consumers chose to pay off their debt all at once, rather than having to keep up with a payment plan over time.
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