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Ways to Get Money When You’re Unemployed

Turn_Around_Your_FinancesUnemployment is often an exercise in restraint, as you have limited funds to take care of necessary bills and payments. However, regardless of the amount of restraint you show when it comes to those extra expenses, some emergencies may come up that make spending money inevitable. Home repairs, bills that were higher than you expected, and medical bills represent just a few of the things that may burden you with an unexpected expense.

 

When an emergency occurs while you are unemployed, finding the resources to pay for those expenses can be incredibly challenging. Options such as payday loans are out, and most lenders won’t give you money if you can’t report regular income, regardless of how good your credit is. However, there are options available to you. Here is a quick look at some of the things that you can do when you find yourself without the money that you need that can help you stay afloat until you’re finally able to find a job.

 

Finding Temporary Work or Gigs – A quick search will often show you many different temporary jobs or gigs available in your area, or even online. While these are not full-time job solutions, they can often offer you enough money to help pay the bills or to take care of a sudden expense when it arises. Think about the types of work that you may be able to do, whether it’s babysitting, writing, or landscaping, and search for those types of options in your location.

 

Offer Rentals – If you have a spare room available in your home or a vehicle that you can part with for a short amount of time, you may consider offering them out for rental. However, while it can be a good way to make some money, be aware that you need to be prepared for potential damage to your property. While standard insurance usually covers your home or vehicle, it may not cover you in a business transaction.

 

Get a Personal Loan – If you have good credit, you can get a loan from a bank or other lending institution to help you in the short term, even in some situations where you are unemployed. You may also consider looking to friends and family, or even strangers to work out a loan situation that can work for you as you keep seeking a job.

 

Car Title Loans – Finally, do remember that your car is a valuable asset, and that you can use it to get the money you need in a hurry through companies such as Embassy Loans of Florida. With a car title loan, you will be able to retain the use of your vehicle while you continue your job hunt, and you will have the time that you need to work out repayment of the loan. You can typically get these types of loans even if you have bad credit, provided that your vehicle is ten years old or newer. On average, you will be able to get about half of the value of your vehicle in a loan.



Embassy Loans is a leading provider of auto title loans since 2005

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Embassy Loans Inc. is licensed under the “Florida Consumer Finance Act” and as such Embassy Loans is exempt from any licensing requirements under the “Florida Title Loan Act” to the extent that any of Embassy Loans’ activities involve the making of a loan of money to a consumer secured by bailment of a certificate of title to a motor vehicle.

Monthly Interest Rates range from 1.5% to 2.5% (18% to 30% APR), with 15-18 Month Terms.

No Prepayment Penalties!

Embassy Loans uses “Title Loans” for advertisement purposes only and provides auto equity loans. Embassy Loans Inc. is licensed under the “Florida Consumer Finance Act” under Florida Statute 516 and as such Embassy Loans is exempt from any licensing requirements under the “Florida Title Loan Act” to the extent that any of Embassy Loans’ activities involve the making of a loan of money to a consumer secured by bailment of a certificate of title to a motor vehicle.

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Frequently Asked Questions

What is an Auto Equity Loan?

An auto equity loan, sometimes known as a car title loan or a car equity loan, is a type of loan that allows you to borrow money by using your vehicle as collateral. The loan is secured by your vehicle, meaning you agree to use the equity in your car to back the loan. 

What is an Unsecured Personal Loan

An unsecured personal loan is a loan that does not require collateral. Funds are provided based on your credit worthiness and your ability to repay. 

What Is the Credit Builder Program

The credit builder program is designed to help individuals establish or improve their credit score with the primary purpose of building a positive credit history through regular payments.

Can i have more than one Loan at a time?

Embassy Loans can only extend one loan at a time and it’s advisable to start with one and focus on making payments in a timely manner to prevent default.

What happens if I miss a payment?

Missing a payment can have negative consequences, including late fees, a drop in your credit score, and potential default on the loan. Consistent, on-time payments are crucial to benefit from the program.