So You Need a Loan and Have No Job?

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.

Where to Get the Money

Without any other source of livelihood, it would be hard to feed your family. What about their schooling, your utilities, food and shelter requirements? Where will you get the money to spend on these items except to pledge your government check? But the check would not last that long. Something must be done on your part to stop this situation. A non-stop job hunting must be your full-time vocation. Or try to find even a part-time job to earn even a meager sum. This could be a big help to your budget.

Instant Cash Advances

A payday loan that accepts government checks could be negotiated in the meantime. Forget the high interest rate they are charging. You need a loan and have no job. What is important is that you can buy the basic things. Prepare a well trimmed budget that will include only your vital expenses to survive and whatever is left should be saved. Further, make a 10% savings on what you have budgeted if that is possible. Tighten the belt as you can bear; provided your health is not compromised.

Make Some Alternative Moves

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. Offer what you can pledge to them. 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 payday loans.

Try To Negotiate

Do some parallel negotiations with your previous creditors and submit proposals for loan extensions or loan renewals. This will help you in stretching out whatever budget you still have in your hands. If you are successful enough, you can avoid the further degrading of your credit score that will put you more in a bad light when it comes to your credit standing.

Consider Other Loans

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 with payday loan lenders. 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.