LendingTree, Inc. - TREE STOCK NEWS

CHARLOTTE, N.C., Sept. 30, 2020 /PRNewswire/ -- A new LendingTree survey reveals that 74% of small business owners have taken on debt due to COVID-19 disruptions, with 37% resorting to credit cards and 28% borrowing from family. Only 10% of those who received Paycheck Protection Program funding found it fully alleviating their financial troubles. 43% report more than 51%% revenue decline. While 13% have resumed operations completely, 62% say PPP funds helped somewhat, indicating ongoing struggles for many small businesses.

QuoteWizard, a LendingTree company, released a report analyzing millennial homeownership trends across the U.S. from 2013 to 2019. The report reveals that almost half of the states experienced growth in millennial ownership, with significant correlations to home value and mortgage balance. Notably, states with higher median home values saw increased homeownership rates, indicating a focus on home value investments rather than affordability. Median home values rose by 27%, while median incomes for millennials grew by only 17%. The report identified Vermont, Oregon, and Maine as top states for this demographic.

A recent report from ValuePenguin.com by LendingTree reveals that over 70,000 American children and teens aged 19 and younger died in motor vehicle accidents from 2004 to 2018. The report highlights significant variations in fatality rates across states, with Mississippi, Wyoming, and Montana having the highest rates of 9.3 to 10.6 deaths per 100,000. In contrast, the District of Columbia recorded the lowest rate at 1.2 deaths per 100,000. Notably, 42% of fatalities involved passengers, and the yearly deaths among this age group have decreased by over 50% since 2004.

LendingTree, the leading online loan marketplace based in Charlotte, NC, announced new features for the My LendingTree app on September 29, 2020. Users can now connect checking and savings accounts from over 11,000 financial institutions through Plaid, enabling a comprehensive view of their financial profile. This integration allows for cash flow analysis, budgeting tools, and transaction history management in one platform, enhancing consumer financial management. Key offerings include budget tracking, monthly spending comparisons, and expense summaries.

According to a recent ValuePenguin survey, 60% of Americans postponed medical appointments during the COVID-19 pandemic, primarily to avoid virus exposure. Additionally, 50% reported going a day or more without necessary medications, with 30.1% citing stock shortages and 21% due to mail delays. Concerns over healthcare access surged, with 31% worried about long wait times. The survey, conducted from Sept. 11-14, 2020, included 1,028 respondents, revealing significant impacts of the pandemic on health behaviors.

On Sept. 22, 2020, QuoteWizard, a LendingTree company, released a report detailing the significant impact of the COVID-19 pandemic on healthcare spending. The report highlights a staggering 43% drop in hospital spending and 37% decline for physician offices in April. Furthermore, the American Hospital Association projects a total loss of $323.1 billion for 2020. As a result, rural hospitals face increased closure risks, with 12 closures already reported in the first half of the year. Overall, the pandemic has compounded financial challenges for healthcare providers.

According to a recent survey by CompareCards, only 33% of Americans checked their credit reports in the past year, down from 39% in 2019 and 37% in 2018. Alarmingly, just 20% of individuals aged 75 and older reviewed their credit reports, increasing their vulnerability to fraud. Although consumers report heightened concern about identity theft, actions to mitigate risks have decreased. 47% of cardholders faced data breaches, with many unprepared despite available resources for credit monitoring. The survey indicates that pandemic-related distractions may contribute to reduced vigilance in protecting personal information.