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Showing posts with label Cheap Loan For The Unemployed. Show all posts

Unemployed, Need Money Today? Find Payday Loans On Unemployment Checks

by Financier on Saturday, July 21, 2012

I Need A Loan But I Have No Job

If you are unemployed, and you need money today, where can you get a loan with no job? For people who are not working and unable to access traditional loan products, trying to find lenders who can offer unemployment loans with bad credit is not easy but you don't always have to depend on the banks or large financial institutions for borrowing money without an income. Not everyone needs a large personal loan from the bank and if they just want a 1000 dollar loan with no income verification to help themselves get back on their fee, there are payday loan lenders that give short term payday loans for people on unemployment benefits.

Unemployment Payday Loans With Benefits

A payday lender generally provides small personal loans to people who need a cash advance ahead of their payday. It is secured by handing over to the lender a post-dated check which acts as a collateral with which the lender can cash it out by way of receiving back the money. If you are unemployed and need a loan today, you can now apply for unemployment payday loans if you are on benefits.

This service is essentially the same to those online payday loans which allow you to borrow 1000 dollars until payday. The criteria is that you must be paid by direct deposit for whatever benefits you are getting from the government or any other welfare groups. Guaranteed payday loans for the unemployed range between 100 dollars to 500 dollars but other factors can also influence the amount of money you can borrow, such as the state of residence and the size of your allowance. There is also no guarantee that you can really get a fast loan with no job even though you are collecting unemployment benefits because unemployment payday lenders that are more selective about their customers may fear that these benefits may be cut off any time, exposing them to higher business risks from loan defaulters.

Loans With No Job Verification

The trade-off for using a payday loan for people with benefits is the fact that online payday loans cost a lof of money and that's why they are vilified as high risk, high interest personal loans. Annualized rates of interest on these short term unsecured loans can go as higher as 400% and up. If you decide to get a loan with your benefits, the main consideration is to ensure that you have the financial ability to service the repayment. If you can't afford the interest rates on a 1000 dollar payday loan with no job verification, skip these altogether. 

Payday loans are not always suitable for everyone. If you want to apply for a loan today, using benefits as your source of verifiable income, please visit our lender's website for more details.

Ways For Unemployed To Borrow Money

by Financier on Wednesday, March 9, 2011

When someone who is in long term unemployment, given today's economy, it can be a daunting task to cope with the living expenses whilst looking for another new job. Financial worries are inevitable and if you are suddenly faced with unexpected expense and have no money for them, you could be forgiven for stressing yourself out looking for ways for the unemployed to borrow money.

However, getting cheap loans for the unemployed is not impossible and there are several options which you can explore to secure the funding that you need.

With good credit, banks and private institutions will be able to grant you short term or long term loans for the unemployed to varying degrees of success dependent on a few factors. Using a collateral to secured a personal unemployment installment loan will play a major part in your success rate when trying to secure large sum loans of 25000 dollars and higher. In the absence of collateral, you can still get approved for low interest fee loans but you are going to need an exemplary credit score.

If you have bad credit and have nothing as collateral to secure against an unemployment cash advance, you can also pursue unsecured personal loans for people with no job through private loan lenders.

Some of these private loan companies who give bad credit loans for the unemployed may charge excessive finance fees though and it should never be a first option when looking for ways to borrow money without a job.

Lastly, if you happen to be a member of a credit union in your community, that can be a source for credit especially if you need affordable loans with no fee that you can pay back slowly. Many of these credit unions do have programs that provide financial support for the jobless and as not-for-profit organizations, they often have lending criteria that are less strict and the interest rates they offered are also considerably lower than what you will find elsewhere.

These are some of the ways for an unemployed person to get cash and if you need help with your debts, you may also wish to consider going to the local government office to seek assistance with a debt counselor and discuss your credit needs.

No Income Verification Loans For People With No Job

by Financier on Sunday, February 27, 2011

When you are unemployed and have not been working for quite some time, it can put a heavy financial strain on you and your family. The loss of a job doesn't only impact you but also your closest ones. If you need money urgently but are worried if you can get a cheap loan for the unemployed, then it's good for you to find out where to get no income verification loans for people with no job.

To get financial help for unemployment, there are a few ways in which a person without a job can get a personal loan, each having their own advantages and disadvantages.


If you need to borrow 5000 dollars on your unemployment status, you may wish to use your car to get a car title loan, which is to borrow money with your car. If your car has already been fully paid for or almost to be so, most car title lenders are happy to give you a loan if you use your car as collateral to borrow money. By using a vehicle as collateral for a secured loan, there is no need for you to prove your income status and even if you have bad credit, this is not an issue since they are no credit check cash lenders.

However, if you are unable to offer any collateral, this option is not for you and you should look for unsecured personal loans for people with no job.

If that is the case, the private loan lenders may be able to give you fast financial assistance for unemployed people. Similar to those lenders who give you a loan in exchange for your car, they are able to lend money to unemployed and low income earners with no credit check and no need for collateral.

The flip side is that you may not be able to borrow 10000 dollars for the unemployed. Instead, you are only likely to be able get a personal loan under 2500 dollars with fixed repayment plan. The costs of availing these unsecured cash advance with no income check will also be substantially higher and this is reflected by the high APR.(Annual Percentage Rate)

Depending on your financial needs and the urgency of it, you may wish to contemplate the pros and cons of getting a no income verification loan for unemployed individuals.