Rent Costs Strain Poor in Metro Areas
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Becoming a part of Statistics
According to Washington Post writer Guy Gugliotta, there was “a survey of 44 cities, the Center on Budget and Policy Priorities found that 75 percent of the low-income households earning less than $10,000 per year are paying more than 30 percent of their incomes in rent.” (a.08, Nov25, 1992)
In today’s day and age, many have found themselves closer and closer to being part of this statistic. The rich are getting richer and the poor are getting poorer. Soon there will no longer be a middle class; just the poor and the rich. Now I consider myself to be of the lower middle class income level. However, I would be ranked in the lowest class if it wasn’t for installment loans for people with bad credit. In fact, I think many people depend on money loans to get by these days. Without this option, the middle class would become obsolete.
Payday loans are for all income levels
Some are as low as 50 dollars and others as high as 1500 dollars, whichever the case, Personal Money Store can help alleviate the situation that’s plaguing America today.
“The study discovered that poor households in California had the gravest problems with rents, with five California urban areas showing 87 percent or more of low-income households unable to obtain affordable housing.” (a.08)
Every product or service you can think of is on the rise, especially in California where many of its residents are unable to pay their rent. I’m not personally from California, but I have been in this dire situation on more than one occasion. My pay day just wasn’t coming soon enough in some cases. In one instance, I had to send my 7-year-old daughter out of state to go live with family because I could not come up with rent. I was not going to drag my little girl through homeless shelters, so I sacrificed my time with her. We are now together again, but I don’t know what the outcome would have been if I wasn’t able to get short term loans online during the hard times.
How loans can help.
Hard money loans helped me stay afloat and, in many situations, can help all families keep their housing or even get the deposit to move into a new home. Now fast cash isn’t always an option. Some people resort to illegal activities just to keep their home. This is not an option to the average person. You can get payday cash with a fax less payday loan. I use same day loans for a lot of different reasons. I avoided homelessness once. I also repaired my car a few times using money from an online payday loan.
Pay day loan advances can’t fix the housing crisis in California and throughout the United States, but It can help a lot of working people keep what they have strived so hard to achieve. I am grateful everyday for Personal Money Store. Had they not help loan me fast cash, I would not be here today to tell you about this very topic. Thanks for reading and I hope you can find relief with all your money woes through the same service.