I lost my job. Is there any way I can get a loan to pay off my debts until I find a new one?

Question

I've been actively looking for a job for weeks and seem to have bad luck everywhere I turn. I have bills due at the end of this month and I don't have any money! Please help.

Answer 1

Don't do that! It will just put you more in debt! Get a job as a server or a bartender for a couple weeks until you find something else. It's good money and you walk home with something everyday.

Answer 2

I recommend not taking out a loan to pay debt. The only place that will offer this type of loan are those Check into Cash types of places. They will charge unbelievable interest rates. Instead, contact everyone you owe money to: credit card, car loan, etc. Let them know that you lost your job and will not be able to make your payment (my boyfriend did this when Albertson's locked him out 3 years ago). They want to be paid back. They will probably waive their fees, continue to charge interest, but they won't report you to the credit bureau or send you to collections. Please don't take out a loan, you'll just make a bad situation worse.

Good luck on the job hunt!

Answer 3

Lenders give loans based on the person ability to pay them back. If you do not have a job, it's going to be next to impossible to secure a loan unless you have some property like a paid for vehicle or home that you can put up for collate rial.

Answer 4

"Loans" are usually based on one's ability to repay the money, hence having income from employment. If you don't have a job, you're basically screwed unless you have wealthy relatives who'll front you some cash.

I was in your predicament and went down to having only $0.05 (yep, a nickel) in my possession. Just recently I was able to give each of my 3 kids $800 for their birthdays.

Just don't panic or give up. There is a way if you keep looking or better yet, let it find you. I actually stumbled into my job.

Answer 5

What about a Home Equity Line of Credit ( HELOC )?

If you have equity in your home, most banks will be happy to open a HELOC for you.

Naturally, once you draw from it, interest will pile up.

So, you better get moving and find a job, any job. If you don't stop the bleeding, your debts will mount very, very quickly.

And don't fall for all the scamming types out there that promise you lots of money for work-at-home schemes. Be smart.

Answer 6

You can get a loan... I don't know where you would go, and usually you have to pay it back from 2 weeks to a month. Look in your phone book any see if there are any loaning places.

Answer 7

in case you know he wouldn't have any monetary experience, then you definately know what you may assume by ability of lending him money. particularly to relatives individuals, i in my view not in any respect lend money. I basically provide what i'm tender living without. If i'm getting it back superb, if no longer then that's no vast deal. Your husband isn't sturdy with money, and also you believe him of being a liar. If it were me, there be no doubt that my money continues to be in my wallet. per chance you may pull more beneficial of the monetary burden in the relationship yet make certain he's doing his section. and also you have to be making the monetary judgements or a minimum of have the most say. ignore those, "he's your husband, each thing you've is his" morons. that's some bullshit. that does no longer recommend you provide tremendous sums of money to someone who's irresponsible with it.

Answer 8

If you have credit card debt and signed up for the insurance, you should be okay with that. The insurance will cover temporary job loss.

Answer 9

Without Collateral no, Unless you go to a Loan shark, but they will break your legs if you don't pay on time

Answer 10

Look for legal easy cash lender many around try askin yr friends