Whether you're a debt collection agent or employee of a short term financing solutions firm, the housing market and employment trends over the past year have been positive signs for the financial industry. An indicator of economic strength, the United States' housing market and employment's nosedive following the recession's start in 2008 had many concerned if the country could ever reestablish itself to the times between August 1994 to August 2008. During that time, the unemployment rate touched 6.3 percent only once and had a low of 3.8 percent. An increase of 3.2 million jobs over the past 22 months has positively affected the housing market, giving Americans more funds to invest in property and allowing them to pay-off more debt. "Last year, [businesses] created the most jobs since 2005. American manufacturers are hiring again, creating jobs for the first time since the late 1990s. Together, we’ve agreed to cut the deficit by more than $2 trillion. And we’ve put in place new rules to hold Wall Street accountable, so a crisis like this never happens again," President Barack Obama said in his State of the Union Address. Although it may be encouraging to see Americans regain their footing financially and investing in property, debt collectors must also invest further time into reviewing debtors' credit practices. As a consumer gains access to more funds or acquires a new job, they may be prone to taking on additional expenses while ignoring their debts. It is essential to contact a debtor as soon as possible if you have found they are seeking a property investment or recently made an expensive acquisition. It is neither fair nor moral for a consumer to continue spending while disregarding their debts. At the same time, the President asserted that financial institutions should implement safe practices toward their clients and avoid handing out loans that may be too difficult for the individual to pay off. A better assessment of a client can be done through the acquisition of a credit report and a short term financing company should take into consideration the client's limits, rather than their needs. As more jobs are becoming available and the housing market experiences increased activity, debt collectors and short term financing providers may be increasingly sought after by individuals and companies.