have you ever applied for a loan without a job and how much money did you get and what was the interest and ?

Question

did you pay it back? and how long were you unemployed?

Answer 1

Okay, here we go. Pay close attention:
It depends on what you mean by unemployed.

If you are getting unemployment benefits, a pension of some sorts, child support or alimony payments, social security or something like that, then yes, you can usually get some kind of a loan.

A few advertise that they won't need your employment information, but what they don't tell you is that you will need a money source of some kind- how else are you going to pay them back? They will expect you to provide that info.

The interest could range anywhere. If you borrowed $300, you could be expected to pay back $350 or twice the principle (close to $600), depending on the fine print. DO READ THE FINE PRINT. Make sure you get the exact dollar amount in interest IN WRITING- make sure you have that, not just the percentage. The percentage of what? Your gross, your net, the loan, what? Get the DOLLAR amount.

If you can, you should absolutely avoid payday or short term loans. The interest is criminal. If you just HAVE to go there, try to shop around for the lowest possible interest, and pay it off quickly. NEVER extend the loan, if you can at all avoid it, and only go this route: IN A TRUE EMERGENCY, WHEN THE SITUATION WILL BE QUICKLY RESOLVED, and when it won't put you back in the same situation by paying it off.

Try to go for a regular loan, with a reasonable monthly payback schedule, which has the advantage also of building your credit or raising your credit score. You don't have to use a bank. Try opening up a credit union account, and applying for a loan. It's not a guarantee if your credit is marginal, but anything's better than a short term loan that gives you a long term headache.

Two NEVERS:
NEVER use the internet services. They will want highly sensitve information and you don't know WHO you're dealing with. Anybody can set one of these websites up and look legitimate. You don't want to risk what little you have already. Don't set yourself up.
Also, some that are "legit" will set you up with a payment schedule, then draw off your account whatever, whenever they want to. You won't know until it's too late.

NEVER give anyone your primary account numbers. If you can, open up another account in another bank or credit union (usually that only cost 5 bucks), and when you apply for a loan, put that down as your account number. When they draw off the account, they will only have access to what you put in it, what you want them to have, what you both agreed you should pay, and no more. They will not have access to your primary account, which is where your money goes, thus acccess to every dime you have.

I paid back the legitimate ones, fought the non-legits and won, learned some hard lessons.

Unemployed for nearly a year, but received small retirement pay the whole time, unemployment benefits for 6 weeks.

hope that helps.