Online Cash Advance Loans and Unemployment
Posted on Monday, July 5th, 2010 at 3:25 pm in Financial Planning, General Payday Loan Tips
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If you’re one of the many Americans facing job loss due to corporate layoffs and company downsizing, you’re not alone in your struggle to make ends meet. Unemployment effects everything from your financial health to your future security, making it difficult to plan for emergencies. If you’re looking for some extra financial stability between jobs, an online payday loan lender can approve a short term cash loan to help with expenses while you adjust your personal finances.
Cash advance loans are quick fixes for monthly bills and emergency expenses when you’re short on funds. Whether you need $500 to fix your car or $100 to pay your energy bill on time, you have access to the cash you need with a same-day payday loan. Advance payday cash loans have a short lending period usually between 14 to 30 days scheduled around your paycheck. You don’t need to earn a paycheck to qualify for a payday loan; as long as you receive some kind of regular monthly income (like unemployment benefits), you can qualify for a 1-hour cash advance from an online payday loan lender.
Consumers who live on unemployment checks are at greater risk of bank overdraft fees for overdrawing their accounts. Unemployment benefits only provide about 40% of your previous income, making it harder to pay bills on time and keep enough money in the bank for monthly expenses. Borrowing a cash advance loan while you job hunt can provide you with the extra cash you need to pay your bills on time and avoid your bank’s overdraft charges.
Don’t let unemployment steal your security or your future. Contact a trusted online payday loan lender for 1-hour cash loan approval today.
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