White Paper: MaxDecisions COVID Personal Credit Impact Analysis

The coronavirus or COVID19 has caused a worldwide impact. The extend of its damage to our lives is still unknown.

What we do know is that this virus and the actions our government has taken to keep it in check have already caused irreparable damage to our economy and our way of life.

In the banking and lending world, the impact is felt throughout every sector imaginable. Today, we attempt to analyze a fraction of data points to provide everyone a taste of the COVID impact on personal credit.

We worked for months with a national credit bureau to sample millions of Americans across all credit spectrum to understand their debt load, spending, and credit health. For example, we’ve found that the consumer spending behavior and their FICO movements are not what we expected.

To find out more, please click here or click on the image below to download our free white paper.


We can’t answer every question risen from this historic event but we hope to shed some light on the impact on millions of Americans from April 2019 (months prior to COVID) to August 2020. We love to hear from you as well and continue our analysis for the benefit of everyone in the banking and lending industry. Please send your thoughts to timothy.li@maxdecision.com
Thank you

Team MaxDecisions

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