At no time since 1974 has there been such a downfall in the American economy. Unfortunately, in 2008 alone, some 2.6 million people lost jobs. In just two months, from November 2008 to January 2009, unemployment numbers climbed from 6.7% to 7.2%, being the highest increase since 1993. Obviously, this has put many people in a troubling financial situation. The fortunate numbers of people that still have steady income are tightening the budget and some are still living paycheck to paycheck. For these people, sometimes they end up needing a short-term financial solution, which is available in the form of a pay day loan.