Personal Cash Advance Responds to US Credit Downgrade Sentiments

Aug. 11, 2011 - PRLog -- The recent downgrade in the US credit rating by S&P from AAA to AA+ has dominated the domestic headlines over the last week. Neil Cutting, spokesperson for PersonalCashAdvance.com, has responded to consumer unease over this adjustment.

“In terms of the foreseeable future, an effect felt by consumers should be minimal in terms of daily transactions,” Cutting said. “That said, the unpredictability in the stock market isn’t doing much to calm the nerves of those still recovering from the last recession.”

Personal Cash Advance pairs consumers with reputable lenders who specialize in short-term loans. The site has seen an increase in demand following the tighter lending practices of traditional banks in recent years. Many have turned to personal loans after being turned down by banks or credit unions that were reluctant to lend to those with less than stellar credit.

“These days, it is incredibly difficult to secure a loan at a bank unless your credit score is optimal,” Cutting said. “We work hard to provide options to consumers who don’t have other options when it comes to paying their bills or handling unanticipated expenses.”

For more information, call 800-920-7430 or visit http://www.personalcashadvance.com.