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Showing posts with label unsecured loans on benefits. Show all posts

Loans For People On Unemployment Benefits

by Financier on Tuesday, May 24, 2011

Are you unemployed, with little savings, and facing problems in meeting your financial needs? If you are looking for unemployment loan lenders to borrow money without a job, a quick solution is to apply for unsecured loans for people on unemployment benefits.

Short term personal loans for unemployed people are now being offered by non-bank loan lenders like payday loan companies and other private cash advance lenders. Online payday loan lenders, which usually give salaried workers with instant cash loan till next payday, are also providing fast cash loans for people on unemployed benefits.

These are people who are receiving free money from the government due to their unemployment status and the recurring income that they get can be presented as a form of income to qualify them for unemployment payday loans with benefits.

Unemployed loan lenders will require that you are being paid by direct deposit so as to ensure that your payment will be settled on time. Although like all low cost payday loans with no income check,  no-job loan lenders will not check on your credit history or need you to get a cosigner to guarantee for the short term unemployment loan.

If you are going through a financial slump and could do with some assistance to borrow 800 dollars today with no job, don't feel bad about asking for help from unemployment loan lenders with personal loans for the jobless.

Payday Loans With 12 Weeks To Pay Back

by Financier on Tuesday, March 15, 2011

If you find that your cash flow is becoming an issue due to your being unemployed and you need personal loans for $500 with 90 day payback, a payday loan with 12 weeks to pay back is one of the solution for you to get cash now for 100 days.

There is the growing trend among payday loan lenders to cater to the financial needs of people who are unemployed and looking for cash where they can borrow money without a salary, never mind if it means having to pay higher finance fees. With that in mind, some enterprising personal loan lenders for bad credit are offering quick approval no-job loans to people with unemployment benefits.

These payday loans on unemployment are essentially the same as those short term 60 day loans for salaried workers, except that a person with unemployed benefits will use that as "income" to qualify for payday loans with 18 weeks with no credit check.

At best, these unsecured loans on benefits can be availed for relatively small amounts, up to the tune of $1000 and if you can demonstrate that you are presently being given cash benefits for the unemployed by the government, you can usually be approved for $500 payday loans to cover any emergency need. At worse, the interest you'll be paying may be substantially higher even by the standard of those expensive bad credit loans and while some lenders may grant you payday loans with 12 weeks to pay back, you may actually find that you are just taking a loan extension by having to pay additional charges for the convenience of having a longer repayment term.