A stable income is often an important factor when installment loan lenders ascertain an applicant’s request for bad credit loans. Whether they are US banks that offer online installment loans on fixed fees or those direct lenders who place more emphasis on your income and less on your credit history, having a steady income will go some way in helping you to get quick approval for installment loans with monthly payments.
But what happens if you are unemployed and need cash urgently, would you still be able to get an installment loan without a job? When you need to borrow money with no income, your options via LFInstallmentLoans can be rather limited as there are not many U.S. loan companies who are that charitable. As such, you have to be prepared to spend more time to look around for direct installment loans for the unemployed.
Without a job, but have a good credit score? You might be able to borrow to fulfill your cash problems by getting a free quote on LFInstallmentLoans or going to the bank to get 6 month installment loans. Take note that you will need to have exemplary credit records in order to secure a legitimate installment loan when you are unemployed.
If you are receiving various benefits given from the government, this can sometimes allow you to borrow online loans for the unemployed. Some legitimate loan websites have such a scheme that makes it possible for someone who is jobless and need some cash to borrow small installment loans.
However, because the benefits that you receive from the government are usually limited both in length and amount, these will tend to reduce the amount of money you can borrow based on your benefits. Hence installment loans for low income may be possible but anything beyond 1000 dollars or a long deadline will be unlikely to be granted.
Putting yourself in debt is always a risk even when you can find a 2000 dollar installment loan through LFInstallmentLoans. But if you expect to be starting a new job soon and will soon have sufficient positive cash flow in the future, you may wish to consider the above. Make sure that you borrow within your ability to repay and only when its absolutely necessary.