720 System Strategies surveyed more than 80,000  students in their credit-score improvement program, many of whom lost thousands of income dollars due to the Corona-virus. 34.95 percent plan to spend their one-time stimulus check and twelve-week unemployment benefits on paying down debt.

In a recent Yahoo! Finance blog, CEO and Founder of 720 System Strategies, Philip Tirone is predicting that the number of 2020 Consumer Bankruptcies will skyrocket past the 2010 high of 1.5 million.