Short-term Loans Offer Hope to Cash-Strapped Job Applicants

Online, September 30, 2010 (Newswire.com) - Many unemployed U.S. workers have been seeking employment for months and in some cases, even years! With the unemployment rate hitting record highs not seen since the end of the Second World War, and the length of time job seekers report being out-of-work longer than ever, at 31 weeks, job seekers are turning to resorting to unusual means - and some are payday loans in order to finance their own version of the economic recovery.

As recent good economic news brings better prospects for those who are seeking new positions, U.S. workers are facing some unpleasant consequences of the effect of the recent recession - many American companies have scaled back programs that used to reimburse new hires for expenses such as travel and relocation costs and expenses associated with the interview process. In response, some applicants have turned to payday lenders to help finance their return to work.

At an event in North Carolina, President Barack Obama said that he believed that the economic legislation passed a year ago by his administration was having a positive effect on the economy. "Government can ... create the conditions...for companies to hire again," he stated. The President added that too many Americans were still dealing with the job losses of the last two years.

Find out if you pre-qualify for a loan of $10,000 to $250,000. Click here to learn more.