TNL Comments On Financial Literacy In The US And Educates Consumers In 2020

The Net Lender Locations, a financial services company based out of California, is reaching out to the wider community to comment on financial literacy in the United States, vowing to educate consumers in 2020. The company provides short term financial aid to people in California and the surrounding areas. More information about their services can be found at the following link: Title Pawn California.

A representative for The Net Lender Locations says, “The education system in America is perhaps one of the best in the entire world; however, that doesn’t carry over when it comes to financial literacy. It’s unfortunate to say but, despite being the world’s largest economy, according to the Standard & Poor’s Global Financial Literacy Survey, the United States is ranked in 14th place when measuring the proportion of adults in the country who are financially literate. To put how bad that is in perspective: the US adult financial literacy level, at 57%, is only slightly higher than that of Botswana—a country whose economy is 1,127% smaller than the United States’.”

Statistics shared by The Net Lender Locations show that, in 2015, only 30% of Americans were able to answer three simple financial questions about inflation, interest compounding, and risk diversification. The researchers who conducted the study commented that such a result was, “discouragingly low,” in light of the many complex financial decisions Americans face. In another 2015 study, it was found that only 37% of individuals correctly answered four out of five financial questions, which was down from the 42% of 2009.

The Net Lender Locations’ representative says, “It’s honestly depressing to learn about the downward trend of financial literacy in the United States. As a financial services agency, we have a responsibility to do what we can to educate consumers in all things finance, and one of our initiatives in 2020 is to establish educational programs that can achieve this.”

As part of this initiative, The Net Lender Locations has released a blog post that details aspects of the subject consumers should know about, such as title pawns. The company’s representative says, “California residents often face unexpected financial burdens, such as car repairs, health care fees, or housing expenses. These situations can leave them with the need for instant cash. Unfortunately getting any kind of financial aid from the bank is not always an easy task. Often, they require you to have good credit or a certain amount of income, not to mention the vast amount of paperwork involved in the process. Our new blog post is intended to teach consumers about alternative options they have available.”

According to the blog post, auto title pawns are intended for situations in which consumers need cash in hand but don’t want to deal with convoluted processes. Using car titles as collateral for financial aid allows those in need to get the fast cash they need without being forced to sell assets or further compromise their emergency funds. The equity of their vehicle is used to determine if they qualify, as well as the amount they can borrow. The Net Lender Locations assures that this kind of financial aid has a less stringent application process, is less stressful, and is much quicker. Using car titles, financial aid can be applied for online and be approved in as few as 20 minutes in California. More information can be found in the full blog post, which can be read here: Title loans in California

The Net Lender Location’s excellent services have earned them a reputation as a reliable company. On TrustPilot, the financial aid agency has a rating of 4 out of 5 Stars. In his review, Andy Jones praises the company, saying, “If you need financial aid using car titles, call this place and only this place. I was in desperate need of cash—I had some financial problems that I won't get into. I called around a few places and was not getting much help, and then I decided to call The Net Lender. I had a professional staff person explain the process and got financial aid the same day. I highly recommend this company.”

Meanwhile, on a review shared on the company’s website, Jeremiah Lutes says The Net Lender renewed his faith in financial services companies. His review says, “I am the head of the household and I know of the pressure one can get from bills and discrepancies in their credit. I used the car I bought before I got married and it turned out to be such a lifesaver for me. I took out about half of what I was offered and wasn’t pressured any further. Thank you, and hopefully my car will be eligible again if need be.”

Those who wish to learn more about The Net Lender Locations and the various services they provide can find more information on the company’s website. Additionally, they encourage interested parties to get in touch with them directly via email, phone, or the contact form on their website. The Net Lender Locations also maintains a presence on Facebook where they frequently post updates, share blog posts, and communicate with their customers. Further details about the company can also be found at the following link: https://sites.google.com/site/bestcartitleloansincalifornia/home.