subject: Receive A Cash Advance For The Unemployed In This Down Economy [print this page] The current financial crisis has drastically affected the working lives of many Americans. There have been many layoffs by major companies since the start of this disaster and most people are still losing their jobs each month. According to some predicted figures by the International Labor Organization, at least 20 million jobs would have been lost by late 2009. This will bring worldwide unemployment to roughly 200 million jobs. The unemployment rate in the United State alone had increased to 10.2% by October 2009. In these times of a great shortage of a workforce, getting a cash advance for the unemployed people is a very wise choice to get rid of immediate financial problems.
A cash advance, also known as a payday loan, is a short-term loan. It is an excellent choice for you to make if you have some necessary financial commitments that you need to be taken care of promptly. Most of all, unemployed do not need to worry about having a bad or empty credit history. The lending companies of such loans do not check this at all.
Unemployed people can normally get such loans by asking someone to act as their guarantors or can put forward a valuable commodity, such as a car, as collateral. You just need to convince the lending company that you will be able to repay the borrowed loan.
The application process is very straightforward and fast. The requirements that you have to fulfill are that you have to be 18 or above and a citizen of the United States. Moreover, you also need to provide your personal contact information so that the lending company can easily communicate with you about your loan request. Additionally, you need to provide a current bank account number that will be used by the lending company to electronically deposit the loan amount.
If you apply online then the whole process takes from an hour to a day. Remember to provide your correct details in the application form to ensure a smooth and prompt service by the lending company. For example, if you decide to put up your car as collateral for the loan, then you need to make sure that the vehicle documents are in proper order and that it is out rightly owned by you. You also have to make it available for a physical inspection by the lender to assess its marketable price and condition.
There is no need for you to feel left out because you are out of work and are unable to get a loan from somewhere else. Just use the cash advance for the unemployed for all your immediate financial problems.
by: Walter Sigmore
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