subject: Cash Loans For Unemployed - Timely Money For Urgency [print this page] Unemployed people do not have much money in hands for regular expenditures or for emergency purposes. but they can always take out cash loans for unemployed even if they have no jobs in hands. These are specially carved out loans for the UK unemployed people in order to provide them instant monetary help within 24 hours. The loan amount is quickly approved and the money is electronically transferred into their bank account in the same day.
Though you are unemployed, still if you have a debit card of any bank in your name, you can pledge the card as collateral with the lender to borrow the money. These loans are generally approved instantly against your debit card, when you repay the loan along with the interest charges, you will get back the card for use.
Cash loans for unemployed are useful in borrowing the cash in the range of 100 to 1500 for a short-term of two weeks. On the due repayment date of the loan, you can pay in cash or you can ask the lender to take back the loan from your account.
Because you will pledge the debit card as collateral, the lenders do not make any credit checks on you. This implies that even with risky bad credit history of payment defaults, late payments and CCJs, you are at complete ease of borrowing the cash in the same day for emergency expenses.
However, due to short repayment period, the lenders tend to charge interest at higher rate. Expensive APR may result in debts as well if you extend the repayment for couple of more weeks. So, borrow an amount that you can repay without extending it for a month.
For competitive APR, you should search the Internet extensively in order to find affordable lenders who are providing cash loans for unemployed people at comparatively lower rate of interest.
by: Gordon Mitchell
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