"Financial desperation" refers to a situation where a person or entity is in extreme need or urgency for money due to being in a difficult or desperate financial position. Full definition
I guess the logic is this: If a consumer is applying to many places to borrow cash, perhaps that's a sign of financial desperation or being turned down for loans. (mymoneycounselor.com)
One final note: the context — one that includes financial desperation and political upheaval — makes it hard to evaluate, ethically, what goes on in this movie. (businessethicsblog.com)
Caryn is a writer, speaker and author of five books, including her newest, Broke: What Financial Desperation Revealed About God's Abundance (InterVarsity Press, 2014). (rachelheldevans.com)