Can an Installment Loan Help a Struggling Company?

The unemployment rate soars in four states

For those who still have a job, an installment loan may help you pull through the staggering economy. For those who have had to take pay cuts in order to retain their jobs, you are luckier than many. California, South Carolina, Michigan and Rhode Island reported unemployment rates of ten percent or more in January, and economists predict it may reach double digits nationally by the end of the year. In addition, California is forcing state workers to take two unpaid days off per month and is failing to process income tax refunds because of budgetary concerns. The lowest unemployment rate in January was reported by Wyoming at 3.7 percent.

The Effect of Government Bailouts

Though it would seem that relying on the government to bail out companies with lagging sales is a good plan, it's also important to understand the impact these might have. We need only look at the recent situation with AIG—the government stepped in to help and yet they still paid bonuses to top executives, some of whom put the money into offshore bank accounts. This is clear mismanagement of funds that could have been used to rebuild their infrastructure or for the government to help other businesses in need of funding. ... click here to read the rest of the article titled "Can an Installment Loan Help a Struggling Company?"