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WRAL Tech Wire featured Lubin School of Business Professor of Finance P.V. Viswanath in "Study: North Carolina leads nation in search for loans during pandemic"

05/28/2020

WRAL Tech Wire featured Lubin School of Business Professor of Finance P.V. Viswanath in "Study: North Carolina leads nation in search for loans during pandemic"

But P.V. Viswanath, Professor of Finance, Lubin School of Business at Pace University, said some loans can make sense.

“If you have a 403(b) or 401k plan that allows borrowing, there may be no problems, since the interest rates are going to be minimal for such borrowing. Obviously, with such borrowing, as for borrowing from any other source, it is important to have in mind how one will repay the loan,” he said.

“Especially if interest rates are high, implications for future cashflow might be severe. Hence it is crucial to try and plot out scenarios as to what will happen going forward. If your job situation is relatively secure (or you feel that you will be able to get another job once the situation improves), then you can feel more comfortable about borrowing.”

Read the full WRAL Tech Wire article.