Cash Advances Even for the Unemployed?

Posted on Saturday, January 30th, 2010 at 10:00 am in General Payday Loan Tips, Helpful Payday Loan Info

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One of the glaring effects of recession is unemployment. Payday loans for the unemployed are a good tool that tries to eradicate unemployment from society. The evil of unemployment hits not only you, but your family and society as well. It comes with a number of related problems for you. Your credit rating comes down and the banks or the financial institutions do not want to provide any credit to you. With cash advances for the unemployed, your finances can now be secure.

As previously mentioned, the ghost of unemployment is here. You can say it is the mother of all difficulties. But payday advances can offer an easy way out. You can apply for these type of loans and get cash quickly to overcome your financial woes. You can meet your requirements like paying your medical bills, your electric bill, paying off your outstanding checks and you can plan your expenditure.

It was not easy to get a quick cash loan once you were unemployed. But payday loans have made life easier for you. You can even apply online. You also do not have to meet the payday lenders personally. You do not have to wait endlessly in a queue or you don’t need to provide endless documents for it. Your payday advances is approved in a short span of time. Usually withing 24-48 hours nowadays. The amount is deposited directly into your active checking account.

Cash advances typically range from $100 to $1500. The repayment term and the interest rates vary from one payday lender to another. So, you should gather plenty of information before making a decision.

It does not matter if you have a bad credit history. You still receive the payday advances. But there are certain terms and conditions that you must meet. You must be at least eighteen years of age and you must have an active checking account. The applicant also must be a US citizen. You must be having the capability to repay the loans. The rate of interest of the loans for the unemployed is higher because they are considered as bad credit by the payday lenders. Hence the interest rates are additional as the payday lenders want to cover the additional factor of risk. Those people who go in for these loans must be extra vigilant because of the high rate of interest involved. They must pay the payday loans in schedule because non payment fees are added in the next cycle.

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Related posts:

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  4. 3 Ways Cash Advances can Help Unemployment
  5. Payday Loan Relief for Unemployment

3 Easy Steps to Get Your Quick Cash


Complete the short form.


Receive your approval and confirm loan.


Cash deposited into your account.