With the current state of the economy, people are looking into more and more ways to save money or get money fast. Unexpected circumstances can present themselves at the worst possible time. Medical bills and other bills are having to be set aside so that people can keep a roof over their head and food in their mouths. The economic crisis is causing people to take out car title loans and Collateral loans, just so they can make it from day to day. It's a good thing that these people were able to get approved for these loans. I, personally, have witnessed several of my friends turn to loan companies within the past year because of lost jobs or cut hours. I haven't had any personal knowledge of anyone close to me taking out pink slip loans, but I can definitely see how they can help people when the time comes. A pink slip loan allows you to keep your car and they will loan you up to 60% of the value. I personally know a few people who have had to give up their house and/or car because of unexpected job lay-offs. How has the recession affected you and the people in your life? How do you think it will affect you in the future?
Disclosure: This is a sponsored post.