There are still many people unemployed in America. Although there has been employment recovery post-COVID, many people are still looking for work.
Unemployment brings a host of financial and social problems. You may have difficulty paying your basic living expenses such as groceries, rent, utility bills, gas, etc. Apart from these expenses, you may even find yourself in medical emergencies where you might need urgent cash. During such difficult times, opting for loans or borrowing money might seem like the only option to cover those unexpected expenses. However, are they? Let’s find out.
There are various ways to get urgent cash, even if you are unemployed, and you should try to find the one that’s most cost-efficient and easily accessible. Some of the best ways include:
This is the first step that comes to mind whenever you need urgent money. Borrowing money from family and friends doesn’t involve any long process or interest rate either, so this is generally the safest and quickest way to get urgent money.
If you have an active credit card and haven’t exhausted its limit, you can use it to cover your unexpected expense. You can always pay the credit card bill later.
Applying for a loan the traditional way through a bank is always an option if you can qualify for it. This is mostly helpful when you need a large amount of money. But it usually takes some time to complete the process.
You can sell items you no longer use to get instant money. You can also approach pawnbrokers or second-hand stores and get money in return for items such as jewelry or antique furniture.
With modern advancements in technology and social media, you can raise money through online charity. There are a lot of websites where you can set up online fundraising for your emergency needs and then share it on social media apps such as Facebook, Instagram, and Twitter.
However, there are times when none of these options work. Your family and friends may not have money either, you may have exhausted your credit card limit, and you may not qualify for a bank loan due to unemployment. The idea of online fundraising and selling goods might not work as well
Such a situation might be disheartening, but it isn’t the end of the world. You can still opt for 1-hour payday loans to cover your unexpected expenses even if you are unemployed.
While other financial institutions may reject your loan applications regularly, payday loan lenders open their doors to everyone coming their way, a major reason why unemployed people choose payday loans over other loans.
1-hour online payday loans can be used to cover any unexpected expenses. One-hour payday loans need no employment verification. Lenders do not impose use restrictions either, so that you can use the loan for any purpose.
You may get unemployment 1-hour payday loans from your direct lender to pay for:
You can also show alternative income options to your lender to get faster approval on payday loans.
This alternate income can be from:
At Loans in a Day, we have more than 100 direct lenders who can offer you emergency payday loans even while you are unemployed.
With Loans in a Day, you get:
However, always ask your lender about your fees or other related information before deciding to accept a loan.
Got an urgent expense and need cash fast? At Loans in a Day, you can just complete a short, secure, online form and submit it. You will get an answer within seconds, and you will be connected directly to your lender to review your terms and conditions if approved. If you agree, you get your loan funds in your bank account in one business day. The process can be done 24/7 and 365 days a year. Submit your request for a payday loan online application form today!