There are lenders that provide 1 hour emergency loans with no employment verification or credit check for people who are jobless and need cash urgently. These private lenders exist due to the lack of credit options available to the unemployed and people with low income or who are unable to get a loan with no bank account.
Due to the niche market that they operate in, such emergency unemployment loans have some sort of finance fee and interest that are comparably higher that those charged by your local bank. While your bank representative may offer you a bad credit installment loan with low interest for 24 months, emergency cash loans for people with no job may not be availed at more than 6 months, and if you need to borrow money for 1 year when you are jobless, a collateral is often a prerequisite for such requests.
There is no loan lender who can give free loans for the unemployed, or on extremely favorable terms that the borrower hope to get. Therefore, one has to accept that getting an emergency loan when you are not working will come with a price.
Despite the high cost associated with borrowing money against unemployment when you have bad credit, people who are jobless and need to borrow personal loans under 1000 dollars will still find that the terms are acceptable if they do not use these unsecured 1 hour unemployment loans for long term credit needs.
Beside, these unemployed loan lenders are able to give you cash with no employment verification or credit check so that you will be able to apply for instant cash advance without worrying about your credit record.
But if you were to ask me what is the best personal loans for the unemployed, i would suggest that the easiest way to get money when you are jobless is to try to get your friends and family members to help you out financially. Yes, although it may appear embarrassing to do that, but if you can promise to repay them on time and maybe give them a treat after your cash flow problems are solved, this is a cheap solution for getting emergency cash as opposed to using 1hr unemployment loans with no employment verification by direct high risk lenders.
Written By adi mulias on Monday, April 11, 2011 | 8:34 AM
Posted by adi mulias at 8:34 AM
Labels: 1 hour emergency loans, best personal loans for the unemployed, emergency unemployment loans, loans with no employment verification or credit check