Jacksonville, FL (PRWEB) May 08, 2013
A recent survey by The Principal Financial Group discovered that most working people find it difficult to spend money on non-essential items and leisure activities. In fact, 48% of the surveyed people ranged from finding it somewhat difficult to extremely difficult to spend money on non-essential expenses, while only 42% found it easy to afford the non-essential. It is largely due to these stats that the auto equity loan industry has grown exponentially in the past decade.
Just because an expense is labeled “non-essential” does not mean it is not important to the individual. Without a little luxury, where’s the spice of life? Many consumers go out of their way to find methods to afford the non-essentials to keep their life running smoothly and their family members happy. So when 3 out of 5 surveyed employees say it is difficult to pay for non-essential items, it poses a problem for both the economy and society.
Several consumers turn to auto equity lenders in order to afford the non-essential expenses that pop up from time to time-- whether it is a weekend vacation or a graduation gift for a son or daughter. Unlike other quick loans like payday loans, auto equity loans are secured by the title of the borrower’s vehicle. Borrowers get to keep driving their car while making payments, so they do not feel extra strain on their daily routine. Also, no credit checks are involved in the process, so even those with ugly credit histories may qualify for a loan. The lack of credit checks cuts down the approval process, so applicants can receive their money in the very next day after applying.
Jacksonville Auto Equity Loans is just one of the many lending companies in Florida that have noticed an impressive increase of applicants in the past couple years. After launching their brand new website last month, the company reports a large boost in applicants compared with the previous month. Lenders like Jacksonville Auto Equity Loans continue to reach out to those who need an extra financial lift to afford the non-essential, but very important, expenses in life.