Consumers can expect a spike in lending and greater access to credit in the first half of 2021, TransUnion predicts
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Bottom line
TransUnion’s forecast that lending will pick up again through the first half of 2021 is a promising sign of things somewhat going back to normal, especially if the economy and employment continue to improve.
As we enter into a new year, consider what your financial goals are for 2021 and how new credit plays into that, whether it’s applying for another rewards credit card[15] or a personal loan you’ve been needing.
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