Guaranteed Payday Loans By Using Unemployment Benefits
There are many reasons why people have issues with getting a direct payday loan. If you have bad credit or no bank account there can be some problems. But the biggest issue we constantly see is people looking for guaranteed loans with unemployment benefits. That means they have no standard types of income coming in and want to use their unemployment benefits as proof they can make future loan payments.
I Need To Find A Direct Lender Who Offers Loans For The Unemployed
The good news is that there are options for people collecting unemployment who are looking for direct payday loans, sometimes in less than 1 hour and this includes both scenarios where you have not only total unemployment but also partial benefits in some cases. There are alternative payday loans that will allow borrowers to use their unemployment benefits as guaranteed income for future payments on the loan. Most of the large nationwide banks and finance companies will take a pass on your loan application because of a bad credit score and if not that because you have no typical income coming in.
That’s where guaranteed payday loans for people with unemployment benefits come into the picture. You can usually find online payday lenders or small finance companies who will approve your loan if you can provide verification of your unemployment benefits. In some cases, you may even be able to get a payday loan with no credit check! This is because the lender is taking on less risk by loaning to someone who has guaranteed income even if it’s in the form of unemployment benefits from the Federal Government or an individual state program.
Find Guaranteed Payday Loans For Unemployed On Benefits
When looking for a guaranteed payday loan with unemployment benefits, it’s important that you compare interest rates and fees between different lenders. Make sure that you understand the terms and conditions of the loan before signing any paperwork. Check out our list of direct payday loan companies as many of these services will offer loans that accept various types of government benefits as well as benefits or money from a union or other entity.
If you’re not sure where to start, we recommend checking out our list of recommended direct payday loan lenders who offer guaranteed loans for people with unemployment benefits. We have done all the hard work and listed out the companies currently licensed to offer online loans in your state.
Can Applicants Who Are Unemployed Get Payday Loans Without A Bank Account?
This is a common question that we get here at Direct Payday Lenders USA. The answer is that it depends on your other factors like how much money you make and if you have sufficient benefits after losing your job. Most payday lenders will require you to have a bank account in order to receive your funds but some will still accept a savings account or other debit card options. This is because the lender needs to be able to deposit the funds directly into your account and then withdraw the payments automatically.
There are a few lenders who do not require a bank account, but they usually only offer loans to people with good credit or those who have been employed at their current job for a certain period of time. If you don’t meet these requirements, your best bet may be to find guaranteed payday loans for people with unemployment benefits as this will help increase your chances of being approved for a loan.
Other Requirements For Quick Loans By Using Unemployment Benefits
Besides having a bank account, payday lenders will also look at your credit score and history to decide if you are a good candidate for a guaranteed loan. If you have bad credit or have been delinquent on debt payments in the past, your chances of being approved for a direct loan with only unemployment benefits are not always ideal. That type of situation will sometimes lead people to turn to unlicensed lenders or even loan shark companies that don’t follow the same lending guidelines as most registered loan providers.
The best way to increase your chances of getting a guaranteed payday loan is by having a good credit score and by providing evidence that you have guaranteed income coming in. This could be in the form of unemployment benefits, social security payments, child support payments, or money from another source.
If you can provide verification of your income and meet all the other requirements, you’re likely to get approved for a guaranteed payday loan by using unemployment benefits. Feel free to fill out our direct lender application or contact one of the many companies in our database to see if you can get guaranteed cash within an hour.