Reaching Your Employment Goals Costs Money

Consumer lending jumped by more than $83 billion in March to $901.6 billion, the highest level in history, according to data recently released by the Federal Reserve.


Consumer lending jumped by more than $83 billion in March to $901.6 billion, the highest level in history, according to data recently released by the Federal Reserve. Business lending increased the last week of March and the first week of April, the first two back-to-back weekly increases since December 2008. Many analysts believe that these are indicators that the stimulus program and tax credits put in place by the Obama administration are flooding the capital lending markets with cash - depending on your political persuasion and economic philosophy, this may or may not be good news for the long-term economy.

One group of people that should be thankful for a surge in consumer lending are those seeking loans or lines of credit - both small businesses looking to hire new employees in anticipation of an economic recovery and job seekers who sometimes require funding options to defray the costs associated with looking for a new position.

Find out whether personal loans up to $250,000 are right for you.

Often, those who are searching for a position find themselves having to turn to consumer lending firms for short term loans or personal loans in order to make ends meet during this difficult time. Applying for a new job can mean a significant financial outlay for cash-strapped workers, however, those most affected by the recession face the challenge of having to spend money to make money. While President Obama has asserted that the economy continues to improve and contended that the economic stimulus legislation passed a year ago was having a positive effect, it will take some time before enough jobs are created to offset the average unemployment rate of 9.7% nationwide.

Find out if the consumer lending surge helps you qualify for a personal loan up to $250,000. Click here to learn more.

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