Jeremy Herndon Blog

I think it is rather sad that so many people are struggling to make ends meet.  It wasn’t very long ago that the college business courses were teaching that businesses were going to have to become more accommodating towards their employees, making concessions to people who wanted to work on their terms.  For example, accommodating young families by providing parental leave, and providing day care.  But now it seems that people are scrambling hard for jobs and that the companies have the upper hand, not the labor force at all!

Sadly, the way unemployment figures are calculated seriously misrepresents how many people are really out of work.  There are a lot more unemployed people out in society than the official numbers.  Many of these unemployed people are starting to become desperate for rapid cash and are turning to quick loan services that charge extremely high fees and interest rates.  And credit card companies are making it harder for consumers as well; slapping on new fees and increasing their credit rates. 

I would like to strongly encourage anyone who is considering taking out a loan against their cars or paychecks to read all of the fine print and be very aware of the terms and conditions of the loan.  If you are not careful you may end up in debt forever!