To secure a loan while unemployed, search online for lenders that specialize in high-risk loans and have programs that do not require employment information on their applications. These applications can be completed in minutes. Be prepared to provide your address, Social Security number and bank account information.Know More
Search online for multiple high-risk lenders. Before applying, compare each lender's rates. There are many loan interest rate comparison websites available to help you judge what a fair rate would be for you based on your credit profile.
Verify that employment is not a requirement before applying for a loan. The lender pulls your credit report during the application process, which lowers your credit score. Since qualification and interest rates for unemployed people relies heavily on credit scores, be certain not to harm your score with unnecessary credit pulls.
Be sure to calculate your income from all sources, including unemployment, investments, Social Security income or disability income. Before accepting the loan, determine if the payments are affordable for you.
Making your payments on time helps you to build a positive credit profile and makes borrowing easier in the future.
To get a loan while on SSI, apply through a bank or loan company as any other consumer would. There is no special process that allows SSI recipients to qualify for loans specifically.Full Answer >
Owens Loan Servicing operates the company Quick Cash USA, which facilitates personal loans of up to $5,000 to borrowers who qualify, according to the company website. Apply online at QuickCashGuaranteed.com by clicking the Apply Now or Get Approved Now buttons on the home page.Full Answer >
Emerald Advance line of credit applications were accepted only until January 19th, 2015, but applications for the Emerald Prepaid Mastercard are accepted on the H&R Block website. Current users of the Emerald Advance program may load loan funds to Emerald Prepaid Mastercard accounts.Full Answer >
Getting a loan after filing for bankruptcy is dependent upon the type of loan and the type of bankruptcy filed. Individuals are generally able to get a car loan right away, however, there are high interest rates attached, according to Nolo. There are minimum wait periods for home loans.Full Answer >