Loans with Bad Credit Sustain U.S. Households as Average Net Worth Drops
New figures show a sharp decrease in the average net worth of American households. This suggests that easy access bad credit loans and cash loan options are a necessity for many to supplement their incomes, says PersonalLoansForBadCredit.org.
BOISE, Idaho, April 25, 2013 /PRNewswire/ --
A new study from the Pew Research Center shows that the average net worth of American households has declined by a further 4% for 93% of the nation. This is in stark contrast to the wealth of the 7% richest in the nation, which rose by 28% from 2009 and 2011.
The Pew study explains that the biggest reason for the financial inequality is because of more affluent households having stocks, shares and holdings that have increased in value. Those in less solvent households have lost value in home equity since the housing downturn or have been treading water with their finances by turning to credit options out of necessity.
Cash loans and unsecured loans sourced from lenders featured in aggregator services such as PersonalLoansForBadCredit.org represent an egalitarian and simple way for individuals without a stock portfolio or savings account to subsidize their household and living expenses or fund projects.
PersonalLoansForBadCredit.org addressed the research in the following statement.
"Bad credit loans are a matter of sustenance for a large proportion of average Americans whose finances have lagged in the so-called economic recovery period of 2009 -2011. Without options such as these, individuals may fail to meet their outgoings, thereby freefalling further into a cycle of debt and bad credit as the economic climate further polarizes the nation."
The statement continued, "As the Pew Research Center study shows, there exists a significant financial inequality in net worth between the top earners and the remainder, placing the majority in an economic hinterland. PersonalLoansForBadCreit.org is committed to helping people bridge the gap, buy offering a free comparison and application platform connecting them to top lenders who can help them borrow affordably and responsibly, no matter what their credit background is."
Fast loans can be accessed via the PersonalLoansForBadCredit.org site, which allows consumers to compare loans from a number of lenders simultaneously and without obligation to accept. If a consumer is approved for a loan and decides to accept, the cash can be paid into their bank checking account within 24 hours.
The application can be completed in minutes. Learn more at: http://www.PersonalLoansForBadCredit.org
More by this Source
Personal Loans in Under 2 Minutes - New Service Launched
Oct 31, 2013, 09:00 ET
Loans for Bad Credit - New One Stop Application Service Launched
Aug 28, 2013, 08:30 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.