Without an extra savings in their pockets, how could unemployed people survive their day until they can find another job? In between their last pay until the next paycheck only a loan can help them get by. There are government subsidies and these could be their hope as guarantees a job comes their way. If you are one of them, you definitely need a loan although you do not have a job. In a few words, that’s what Kevin is going through at the moment:
If you’ve been laid off and you’re used to a spending pattern driven by income from a regular job, things can get very hopeless very quickly. I’m in that bind right now and I’m wondering whether fast cash loans online are the solution to my problems.
– Kevin
Fast cash loans online for government checks
Fortunately for Kevin, there are a few online direct lenders that accept government checks as proof of income for approval of loans in lieu of pay slips or bank records (in the UK or Canada, this is a common practice). Proof if income is usually the most basic of all requirements for fast cash loans online. Forget the high interest rates being charged. You need the money from an easy loan today and have no job. What is important is you can buy the basic necessities. Prepare a well-trimmed budget that will include only your vital expenses to survive.
Ask friends to help you out
Meanwhile, draw up a list of your close friends and relatives you can approach to help you out financially. Fast cash loans online are an option but you should not stop exploring other sources of where to get help. Offer what you can pledge to them to your friends and relatives. This is one way to avoid paying interest if they will part their extra funds to you interest free. The amounts they could share with you can save you from getting drowned by interest if you continue borrowing from fast cash loans online.
Consider Other Loan Sources
Take advantage of other loans with banks or credit unions if that is possible under your circumstances. These lending companies have much lower interest rates as compared to lenders of fast cash loans online. Nothing will be lost if you will end up unsuccessful in your attempt. You need a loan and you have no job, so do not lose hope and keep on trying to find the banks that will listen to you. If you have some collateral, these are your best weapons to bail you out if they could be negotiated with the banks as collateral for a certain amount.
Get Rid of Unwanted Things
Sell the items that you do not need. You might have an old car or home equipments that are just lying around your yard. Cleaning up your garage of clutter will not only give you more space but also raise some dollars that could meet minor expenses.
Do your homework
Of course, those that resort to fast cash loans online do so during emergencies and will need to get the loan amount quickly. Often, these people also have bad credit scores so other sources of cash are not avaiable to them. Nevertheless, to avoid regret, make sure to read up on resources regarding online loans. Your situation is bad as it is and you don’t want to be caught with a dud lender with abusive collection practices. Check out the Consumer Financial Protection Bureau website to find out if the lender you’re considering has previous complaints filed against it.
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Thanks for the tip. I didn’t know government checks are now accepted as proof of income. But I’m not doing this for a simple reason—I don’t have a job. Borrowing money will only put me in a worse shape than it already is. I can survive with unemployment support for now, and as a way to show my gratitude for society who pays for me (which I was part of when I was earning by the way), I’ll find work first to secure my financial health.
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