Financial Problems

Daniel Joelson

Daniel Joelson

Total Posts: 344

Published Date: December 17, 2023

Daniel Joelson has been in the consumer finance space since 1994, he has helped to develop underwriting manuals for the financial sector. With a vast amount of Knowledge in consumer finance, he has been writing articles for all types of loans. With his knowledge, he is able to help many people to answer different financial problems.

The financial problems for U.S. households triggered by the coronavirus pandemic are starting to show, according to a new survey. The survey, by Freedom Debt Relief, looked at how 2,335 Americans between the ages of 18 and 74 were dealing with their finances between March 25 to 27, which was after the national emergency was declared.

financial problems
Financial problems

Financial Problems in lockdown

“Overall, Americans are reporting rapid and unprecedented levels of change in their financial situations since the COVID-19 pandemic arose in the United States,” Freedom Debt Relief President Sean Fox told Yahoo Finance. “Many have already lost their jobs or had their hours reduced. Others face an uncertain future and are trying to understand their long-term employment situation.”

Coronavirus pandemic leading to an ‘unprecedented’ financial problems for U.S. households. The economy saw an unprecedented 6.648 million people applying for unemployment claims for the week ending March 28. On Friday, the March jobs reports showed that the economy shed 701,000 jobs when economists were expecting a decline of 100,000.

The sentiments expressed in the survey echoed those grim figures: 35% of respondents said that the coronavirus has impacted their current financial situation, and 36% had experienced a reduction in pay or work hours.

“The breadth of the drop in household income is unprecedented,” said Fox.

The respondents were already finding it hard to pay their bills. The survey found that 56% of respondents were concerned about being able to afford to feed themselves and their family; 45% were already struggling to make rent or mortgage payments; 36% said they were likely to miss those payments “within the next six months”; and 30% of respondents said they were likely to miss their health insurance premium payment within the next six months.

The problem is likely to intensify, as many businesses remain shuttered through April.

Title Loans

Everyone needs money in a financial crisis. TFC Title Loans offers you money in the form of a car title loan regardless of your credit history. Title loans are a type of secured loan. Where the lender uses the title on their car as collateral to obtain a loan. When you apply online for title loans, you do not have to undergo credit checks as having bad credit does not matter to your lender.

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 title loans near 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.


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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.

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