Categories
Uncategorized

Unemployed? Bad Credit? 3 Types of Loans You May Qualify For

Everyone finds themselves short on cash once in a while. That is even more true when you’re unemployed. Often times you need extra cash just to pay for bills and necessities. Being in debt and having bad credit doesn’t help. This may make it seem impossible to get a loan.

Most lenders want you to have a steady income and good credit in order to be approved for a decent loan. These ‘decent’ loans are the best ones with the lowest interest rates. However, there are many lenders now who are offering loans for those who have no source of income or who have bad credit. While these loans may not offer you the best rates, they can help ease your financial troubles and build your credit so that better loans are a possibility in the future.

Traditional banks don’t often offer these types of loans. They don’t want to take the risk. The easiest way to find a lender willing to give you a chance is to look online. If you do a basic search for “unsecured loans” you should end up with plenty of results. You can also search for “bad credit loans” if your credit is less than good.

Leave a Reply

Your email address will not be published. Required fields are marked *