I was wondering i am collecting unemployment right now ,and i was just wondering how to get a loan, i have the steady income of 1448 bring home a month from unemployment.Most sites ask if you are working?But I am not working and wondering with making unemployment how do i get a loan I heard of people doing this but dont know what site and how,,please help???????
2007-02-28 04:27:44 · 6 answers · asked by kcir1979 1 in Business & Finance ➔ Credit
Depends on how much you are looking to borrow and the health of your credit report. Unemployment is still income although public assistance is a red flag for most lenders. It's not impossible, but you might need a co-signer.
2007-02-28 04:32:44 · answer #1 · answered by douglas l 5 · 0⤊ 0⤋
Unemployment can not be uses as a reasonable base for a loan. If you have no income, why are you borrowing money. This is not a smart thing to do. If the borrowing is for a business, then you need to note the business as the source to repay the loan.
2007-02-28 12:33:09 · answer #2 · answered by whatevit 5 · 0⤊ 0⤋
Most lenders will not count unemployment income due to the fact that it is temporary income. You may try an American General or similiar lender.
2007-02-28 12:34:12 · answer #3 · answered by John C 1 · 0⤊ 0⤋
If you have non-normal income, you may have to ask for an individual interview and explain your circumstances. This would apply to people like authors and other self-employed, and people on disability. Regular income usually makes loaners happy, high debts already does not.
2007-02-28 12:34:01 · answer #4 · answered by Mike1942f 7 · 0⤊ 0⤋
Try the below website
2007-02-28 13:21:04 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Apply for a credit card. You don't have to tell them everything.
2007-02-28 12:32:47 · answer #6 · answered by edj009 3 · 0⤊ 0⤋