Youngstown Recovery

The Economy in Youngstown is Bleak

It is tough times indeed in Youngstown. The headlines tell the story. "Long-term unemployment threatens economic recovery" says a recent Vindicator article. Consumer confidence is dipping and the government shutdown is going to make the Great Recession continue for a few more years.

Meanwhile, as people do find work again, they are left with unpaid bills from their lengthy unemployment. The recession has taken a real toll on people's credit history. Delinquencies and charge offs have hit so many more people, even people who never thought they'd default on a loan.

Is there even an option for people with bad credit to borrow money? Just because they have bad credit doesn't mean they don't run into the same kinds of issue everyone else does… like emergency home repairs or family emergencies. The only difference is they don't have access to any credit whatsoever. They are abandoned.

That isn't true, though. There are opportunities to borrow money available to them in the form of title loans.

You'll note the first complaint about a title loan is how bad they are… how much interest is charged… and even lumping them in with pay-day loans. The one thing you don't hear is what the alternatives are when a person with bad credit needs to borrow money for an emergency.

Banks aren't compassionate.

Bad Credit Loans

Getting a title loan in Youngstown is simple and convenient, like a short term loan should be. Since it is secured debt, there isn't a credit check or intrusive probe into your credit history.

A title loan needs to be seen as a short-term loan, and a loan that helps fix an immediate financial crunch. The reality is if you can't afford all your bills in a month, getting a short-term loan won't solve anything. The idea is to give you a leg up, catch up on expenses that have gotten out of hand and let you pay it off over time.