Need Cash Now? Get Approved In Minutes!

How Much Cash Can i Get?

Financial Irresponsibility

How long could you sustain your family if your income stops? If you are like most Americans, the answer is not for long. Only 40 percent of Americans can afford an unexpected $1,000 expense with their savings. Nearly 80 percent of workers are living from one paycheck to paycheck. It is no surprise that the likelihood of an economic recession brought on by the coronavirus pandemic caused many to worry. Read the article below to know how financial irresponsibility has taken place during the crisis.

Coronavirus reveals the financial irresponsibility of Americans

In major cities like Boston, New York, Los Angeles, and San Francisco, restaurants and businesses have been ordered to close. For many hourly workers, this means no paychecks in the coming weeks. Almost one in five Americans have already lost their jobs or have reduced hours. At the same time, salaried workers are concerned about job security, as mass layoffs at numerous companies loom. While the situation is understandably stressful for every person affected, it serves as a sobering reminder that Americans must learn to live within their means and regularly save money.

The need for all Americans to be able to sustain themselves for at least a few months on savings is accentuated during a time of crisis. This means planning when times are good. Financial planners suggest saving at least 20 percent of take-home income while spending at most 30 percent on discretionary items. Yet too many workers still fail to think twice about spending entire paychecks for things they want but do not need. During such hard times, you may get some financial help from some companies such as TFC Title Loans. We offer a car title loan even to those who have bad credit, poor credit, or no credit at all.

Financial Status

Recent decades have offered us relative luxury. More than 80 percent of Americans own smartphones. The same portion of households owns one high-definition flat-screen television, while over half of households own more than one. Over 60 percent of Americans dine out at least once a week, while nearly 20 percent dine out three or more times a week.

The current panic is refocusing us on what is important. We now stockpile the things necessary for our health. Smartphones, fancy televisions, and restaurant meals are usually luxuries rather than necessities. Living within our means is not just rhetoric. It is a means of guarding ourselves during times like these. We have so much to learn from those who came before us. How many of our grandparents fared the austerity of the World Wars and the Great Depression, discovering to save, mend, and repair?

The availability of credit gave us an opportunity with a great hangover. It made nice homes, flashy cars, and expensive consumer products within reach for earners across income levels. But purchasing on installment is often a trap and a major contributor to our $14 trillion in consumer debt. Financing items as diverse as furniture, laptops, clothing, and more with easily obtained credit opened the door to fiscal recklessness. Consider that average Americans spend $800 monthly on car payments.

Income during pandemic

It is not only low-income and middle-income earners who blow through their paychecks every month. Many high-income earners also live above their means. Indeed, at least a quarter of households making $150,000 and above live paycheck to paycheck. Our fiscal irresponsibility means that when an unexpected crisis like the one today hits, Americans are unable to sustain their own families, even for a short period.

So, politicians from both parties urge the federal government to step in and dole out checks to everyone across the country. Treasury Secretary Steven Mnuchin has announced that the administration wants to send checks to citizens totaling $1,200 per adult and $500 per child, with another round of assistance to follow if the pandemic continues.

While our leaders must act decisively in times of disaster, our errors have made this situation untenable over the long run. On top of consumer debt, our government holds $23 trillion in national debt. A combination of stimulus checks, a potential recession, and new bureaucracies to oversee a recovery will further accelerate our rendezvous with financial default in the next generation. The money will eventually come due in the form of taxes, deferred payments for benefit programs, or outright inflation.

If you have a car and a car title in your name, you can apply for an online title loan from the comfort of your home. We offer you a title loan and get it approved in a few hours.

Financial literacy

We each have a civic responsibility to our families and our country. The more fiscal control we show at the kitchen table, the better our ability to handle the next crisis. A solid balance of fiscal government and personal finance courses at the high school level is a start. For most young people, however, true financial literacy is taught at home. We have a chance to show the next generation that saving is earned by another means.

I have hope during this crisis. It is a reminder, much like other traumatic events in history, of what is truly important. The survival and prosperity of our families are the keys to our success. As the pandemic unfolds, the ability to budget, prioritize, and teach is our chance to make things better. Our grandparents suffered tremendously during the Great Depression. With the right attitude, we can teach our children how to prevent one.

This article was brought to you by TFC Title Loans, we try to bring to you the most informative information. If you are interested in getting car title loans that are close to you, we are able to help you with our large referral network.

We will help you to get the most money by using the equity that you have in your vehicle, the application is fast and we can provide you with same-day funding.

All of our referral partners are in compliance with the CFPB. We will help you to get the money that you need but from a trusted and reliable title lender.

Disclosures

DISCLAIMER: As our policy to make sure you know what we do and what are our limitations, we offer you these disclaimers. We are NOT A LENDER and we do not make short term cash loans or credit decisions. We are a referral service and work only with licensed lenders/brokers.

We may act as the broker for the loan and may not be the direct lender. Loan proceeds are intended primarily for personal, family and household purposes. We do not offer or service student loans.

*Loan amounts by the lenders vary based on your vehicle and your ability to repay the loan.

*Since we do not lend money directly we cannot offer you a solicitation for a loan, except in the state of California. In all other serviced states we WILL match you with a lender based on the information you provide on this website. We will not charge you for this service and our service is not available in all states. States that are serviced by this Web Site may change from time to time and without notice. Personal Unsecured Loans and Auto Title Loans are not available in all states and all areas.

*Auto Title Loan companies typically do not have pre-payment penalties, but we cannot guarantee that every lender meets this standard. Small Business Loans typically do have pre-payment penalties and occasionally will use your car as collateral to secure the loan.

*All lenders are responsible for their own interest rates and payment terms. TFC Title Loans has no control over these rates or payments. Use of the work competitive or reasonable does not mean affordable and borrowers should use their own discretion when working directly with the lender.

*The amount of people who applied for a loan and we helped and those who received a loan is not the same. We cannot guarantee we will find a lender who will fund you.Just because you give us information on this web site, in no way do we guarantee you will be approved for a car title loan or any other type of loan. Not all lenders can provide loan amounts you may see on this web site because loan amounts are limited by state law and/or the lender. Some lenders may require you to use a GPS locator device on your car, active all the time. They may or may not pay for this or charge you for this. This is up to the lender and we have no control over this policy of the lender. Typically larger loans or higher risk loans use a GPS.

*In some circumstances faxing may be required. Use of your cell phone to receive updates is optional.

*Car Title Loans are expensive and you may have other ways to get funding that is less expensive. These types of loans are meant to provide you with short term financing to solve immediate cash needs and should not be considered a long term solution. Residents of some states may not be eligible for a loan. Rejections for loans are not disclosed to our firm and you may want to contact the lender directly.

*Car Title Loan lenders are usually licensed by the State in which you reside. You should consult directly with these regulatory agencies to make sure your lender is licensed and in compliance. These agencies are there to protect you and we advise making sure any lender you receive money from is fully licensed.

*Trading Financial Credit, LLC dba TFC Title Loans, Car Title Loans California, Dineromax. If you are using a screen reader and are having problems using this website, please give us a call at 1-844-242-3543 for immediate assistance.

Show more...