The economic conditions in the state of Arkansas certainly leave a lot to be desired for those who live on the lower end of the income spectrum. The disaster that was the global financial meltdown took a poor situation and made it worse, and to date, little progress has been made in terms of returning the state economy to its pre-Great Recession levels of performance. A quick look at some tell-tale numbers can reveal the seriousness of the situations in which ever-larger numbers of hard-working citizens find themselves.
To date, Arkansas has a minimum wage of only $8.50 per hour--which is only a $2.00 increase since 2008--and is far less than what is necessary for even small families to keep up with quickly rising costs of living. To make things worse, many of these low-wage jobs provide workers with little hope for pay increases, advancement, or long-term stability.
Many of the people who work in modern-day low-wage jobs are also renters. These individuals often pay exorbitant costs for substandard housing in a state which gives landlords unusual amounts of legal power, a power which has actually resulted in tenants ending up in jail for owing relatively small amounts of rent.
These conditions and others can be observed in communities throughout the state, including in places like Jonesboro. This city of about 72,000 residents has an estimated per capita income level of about $23,000 per year. In the meantime, the average renter is paying close to $1,000 per month in rent, all before being forced to pay even more for utilities, food, clothing, and medical care.
This situation leaves many people without the benefit of a financial safety net, which then leaves them vulnerable when life takes a dip for the worse. At times like these, many individuals turn to regular banks in hopes of receiving timely financial assistance.
Unfortunately, it seems that many members of the regular banking cartels pay little attention to people who don’t already possess wealth in one form or another. An examination of the policies of some of these banking institutions seems to reveal that loan applicants who are unable to provide high credit scores or considerable assets are generally sent packing.
Thankfully, there is another effective avenue that is available for those who need emergency cash, and it’s known as a title loan. While title loans may sound vaguely real estate related, they are actually simple cash advances that can be offered to people who can provide clean, clear, and valid titles for their personal vehicles. At Hamblin Car Title Loans, our main purpose is to assist people who need title loans in Jonesboro with getting these loans with all due haste.
Here at Hamblin Car Title Loans, we’ve created a car title loan application process that is user-friendly, intuitive, and rapid. In order to begin the process, prospective loan recipients will want to post a little bit of personal contact information in the proper areas. Name, email address, and phone number will all make it easier for our car title loan specialists to get in touch with applicants at the conclusion of the procedures.
Once this step is done, loan applicants should list some information about the vehicles that will be used as collateral in the proceedings. This information should include the year, make, color, and model of the vehicles in question.
After this, prospective loan recipients will receive rapid car title loan quotes. These quotes will give loan applicants a better idea of the amounts of cash that are potentially waiting for them.
Lastly, our friendly and helpful title loan specialists will reach out and contact applicants. Any remaining questions will be answered, and the title loan processes will be set into full motion.