Credit bureau TransUnion issued a report in July on the financial impact of Covid-19 on consumers, showing that 77% of consumers had been hit, following 84% in June. By August, 21% of those surveyed reported losing their jobs as a result of the pandemic, compared with 10% in April. Nearly nine out of 10 of them said they were concerned about their ability to pay loans and bills.
Guest: Trudie Broekman, Consumer Lawyer - Trudie Broekman Attorney
Host: Wendy Knowler,
Topic: Debt