You can find stories across the nation of people struggling with finances who search desperately for relief from online payday loans, credit cards, car title loans and pawn shops. The now unemployed and underemployed are struggling to keep up with daily money demands. Some people are using government assistance programs to keep food on the table, lower utility bills and provide health care for their children.
Contrary to many people’s beliefs, the unemployed are not sitting around waiting for a job to fall in to their laps. There is a high percentage of those who have been in the work field for most of their lives until company cutbacks and layoffs interfered with job security.
Even though payday loans cannot help, there are programs working to support the unemployed.
In the Inland Empire, an area of California southeast of Los Angeles, the unemployment rate runs higher than the state average. There is a group, Experience Unlimited, which is made up of unemployed people with a wealth of job experiences leaning on each other as they painstaking search for job opportunities. The members of the group come dressed for success not having had reality settled in that finding a job may take much longer than thought. For an educated person who has held a high well-paying position for most of their career, ego and pride are slow to subside.
The state of California did not meet the extension requirements to extend unemployment benefits. The pressure to obtain employment will deepen once more individuals lose their benefits. Employment rejections from multiple interviews or being excluded from the interview process initially due to being overqualified for job positions. Accepting a job offer which will pay less then unemployment benefits are often turned down by those not wanting to settle for underemployment.
When debt amounts have overrun your finances and you have limited to no resources for income, crucial decisions will need to be made in order to manage daily living expenses; food, shelter and clothing. These desperate times will call for help not provided by financial institutions. Moving in with family has helped many in this position.
There is much respect going out towards those who continue to pursue employment each day. Groups like Experience Unlimited are providing, at minimum, a support system for those who refuse to give up. Until the country as a whole begins to recoup from debt, new positions will be only a fraction of what is needed. Government help is necessary to keep these families up and running as joblessness continues from months to years.
Pawn shops, garage sales or selling cars and homes in order to make money to survive would be last ditch attempts to bring income into the family budget. The unemployed would not even qualify for an online payday loan. Finding money solutions are heavily restricted when there is no income to support payoff.
Spotya! Online Payday Loans are aware that these are desperate times for many families. Being a responsible lender may mean denying those applications from people with limited or no income. As much as the person needs cash, getting a low cost payday loan is not the best solution for the problem.
