Get A Guaranteed Payday Loan Using Unemployment Benefits

Our readers have all sorts of issues getting approved for traditional loans, ranging from issues with their credit score to being unable to afford the monthly payments. However, the biggest issue we constantly see is people looking for guaranteed loans with unemployment benefits. That means they have no standard types of income coming in and want to use their unemployment benefits as proof they can make future loan payments. While money from unemployment can be difficult to verify, it’s often a great source of income that satisfies most lending requirements.

Find Direct Lenders Who Offers Loans For The Unemployed

The good news is that there are options for people collecting unemployment who are looking for direct payday loans, sometimes in less than 1 hour, and this includes both scenarios where you have not only total unemployment but also partial benefits in some cases. There are alternative payday loans that will allow borrowers to use their unemployment benefits as guaranteed income for future payments on the loan. Most of the large nationwide banks and finance companies will take a pass on your loan application because of a bad credit score and, if not, because you have no typical income coming in.

That’s where guaranteed payday loans for unemployed customers come into the picture. You can usually find online payday lenders or small finance companies who will approve your loan if you can verify your unemployment benefits.

Guaranteed Payday Loans For Unemployed On Benefits

If you’re not sure where to start, we recommend checking out our list of recommended direct payday loan lenders who offer guaranteed loans for people with unemployment benefits. We have done all the hard work and listed the companies currently licensed to provide online loans in your state. Loan amounts for people with Social Security or unemployment benefits are typically less than those who have a full time job. However, you can still borrow $200 to $1,000 in most states that offer payday loans.

Can Unemployed Applicants Get Payday Loans Without A Bank Account?

This is a common question we get here at Direct Payday Lenders USA, and yes, a payday loan is possible if you don’t have a bank checking account. Most payday lenders will still accept your loan request if you can prove you have a savings account or pre-paid checking account, and the same is true if you can’t verify your income using employment benefits or bank statements.

Another way to get a payday loan without a bank account is to convince the lender that you’re a suitable customer. This means you need to show them proof of past on time payments and verification that you can make future payments on your loan.

Apply For A Direct Loan With Unemployment Benefits

Feel free to fill out our direct lender application or contact one of the many companies in our database to see if you can get guaranteed cash within an hour using your employment benefits to verify income. Most of these lenders are willing to look past issues with your income and will fund a loan based on unemployment or social security benefits. All you need to do is send in your income documents during the underwriting process and we’ll handle the rest of your loan details from there!

Direct Payday Lenders USA works with customers from all credit spectrums, and you may be surprised at how much you can borrow! Apply online or call 888-800-3841 today!