Where to Get Urgent Cash Loans for Unemployed and Broke
Millions of people lost their jobs because of the COVID-19 economic crisis. Even if the vaccine promises that life and the economy will eventually go back to normal, many of us are still barely getting by—scraping off the last of our savings and doing odd jobs just to pay the bills.
It’s already tough, but sometimes it can get even tougher. A financial emergency happens when we can least afford it: somebody gets sick, our car or home needs urgent repairs, or we’re buried under bills. Where can we find help and get urgent cash loans for the unemployed? Let’s consider a few ways to do it.
Where to Get Urgent Cash Loans for Unemployed
1. Use Your Credit Card to Get a Cash Advance
For urgent financial needs that you need to settle right now, try using your credit card. If you can’t actually settle the payment with the card, you can use its cash credit line—or basically, using your card to withdraw from an ATM.
Most credit cards will allow you to use part of your maximum credit limit to get a cash advance. Just be aware that these usually have transaction fees and a higher annual percentage rate (APR). Plus, not all ATMs will accept credit card withdrawals, though you can ask your credit card company if they can issue “convenience checks” that you can encash at a bank.
Another disadvantage of a cash advance is that you have to pay off the full amount by your next card due date, or you’ll be charged interest. So, they’re not the best type of urgent cash loans for the unemployed, because you only have a few weeks to come up with the money.
2. Get Installment Loans
Unlike cash advances, installment loans let you pay off the amount in fixed, scheduled payments over a period of time. The payments are smaller and much easier to raise, and since it’s a fixed amount you can plan your budget – you feel more in control, and less stressed!
There are two types of installment loans: collateralized (where an asset is used as collateral or security for the loan) and non-collateralized (where you simply sign an agreement with the lender).
Nevada Title and Payday Loans, Inc. which offers both types of loans, explains the difference, and the pros and cons of each.
3. Collateralized Installment Loans
The most common type of collateralized installment loan is a title loan, where your vehicle—whether it’s a car, motorcycle, truck, SUV, or UV—is a form of security. With Nevada Title and Payday Loans, Inc. you get to choose between a car, truck, or van if you have ownership of any of them.
You do not have to surrender your vehicle while applying or paying off the loan. You have to show the vehicle, to prove that it is under your name. The title has to be lien-free, which means that there are no outstanding judgments against it.
Why is this one of the best options to get urgent cash loans for the unemployed?
- You do not need a high credit score. Your credit history may have been affected by missed payments, bounced checks, or even bankruptcy—we have all been through that because of the economic crisis. This is NOT taken against you when you apply for a title loan with Nevada Title and Payday Loans, Inc. Even if you have a bad credit score, you are still eligible for a title loan.
- Fast and simple processing. Most bank loans take days (and sometimes weeks) to process. But Nevada Title and Payday Loans, Inc. can quickly review and approve your application, and you get the cash the same day.
- Minimal requirements. You just need to show your lien-free title, your driver’s license, or any government-issued ID and get a vehicle inspection. The process takes less than 30 minutes!
You can borrow up to $1,500, and the speed and simplicity of the process make it one of the most convenient urgent cash loans for the unemployed.
Non-Collateralized or Signature Installment Loans
If you have a good credit history, you can apply for non-collateralized installment loans. Instead of presenting a vehicle or any asset as security, you use your signature—or the written promise to settle the debt.
At Nevada Title and Payday Loans, Inc., you can get amounts up to $1,500 with signature Installment loans. Unlike title loans, you don’t have to get the full amount at once—the flexible borrowing option lets you get only what you need.
This is one of the best urgent cash loans for the unemployed if you apply through Nevada Title and Payday Loans, Inc. because the company accommodates all sorts of income. So, if you are getting income (as a freelancer or from ongoing projects or jobs that you get paid upon completion), but it’s just not a regular paycheck that comes in onset times per month, you can still qualify and get approved.
In these cases, signature installment loans basically establish a safety net that can help cover bills or urgent expenses until your money comes in.
Find More about Installment Loans
Nevada Title and Payday Loans, Inc. has different types of online loans to cover your different needs and financial situation.
We have a solid reputation and are committed to excellent customer service and convenient processing. You can fill out the form online on our website, and one of our representatives will call you to answer your questions and explain the process.
Find out more about urgent cash loans for the unemployed by calling us directly or using a live chat function on our website. Don’t wait and get the process started today!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.