If you know anything about borrowing money, you know that financial institutions like to loan to people who are going to pay back the money they borrow. What that means is that banks and credit unions prefer to lend to those who have the means to repay them. Banks and other financial entities do not normally lend to people who do not have a job. Thankfully, there are loans that exist for those who find themselves unemployed.

In the past decade, the economy of the U.S. has changed drastically. After the financial crisis that began in 2008, many people found themselves in the unemployment lines. Since then, while the economy has improved somewhat, there are still many who find themselves without a job. If you happen to be one of those who is between jobs and in need of a loan, your home may have an answer.

If you are a homeowner, you can use the equity in your home to secure a loan. Even without a job, a lender is more likely to approve a home equity loan since the value of the home is used as collateral. If the home is completely paid for, a bank or financial institution would be even more likely to approve a home equity loan.

Another type of loan that you can find when you are unemployed is a car title loan. Car title loans are another form of secured, short-term loan. They are secured by a vehicle. To be eligible for an auto title loan, you must own a vehicle with a clear title. The vehicle must be paid for entirely, although there are cases where a lender may offer a loan in cases where a car or truck is almost paid off.

You can apply for a car title loan by finding a title loan company like Embassy Loans of Florida. Applications can be submitted online, or you can visit one of the company’s conveniently local offices. Either way, filling out an application takes just a few minutes.

Applicants must show a form of photo identification and verify where they live. They must also present the title to the vehicle. The title loan company will make sure that the vehicle and its title match before assessing the car or truck for its value. Once a value has been determined, the loan can be finalized. The entire process usually takes less than an hour.