Ways to Get Money When You’re Unemployed
Unemployment 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 often unavailable, 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 still options available to you.
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 bills or take care of sudden expenses when they arise. Think about the types of work that you may be able to do — whether it’s babysitting, writing, delivery driving, or landscaping — and search for those opportunities locally or online.
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, consider offering them out for rent. This can be a great way to earn temporary income. However, keep in mind that you must be prepared for the possibility of damage to your property. Standard insurance typically covers your home or vehicle but may not apply to business or rental transactions, so review your coverage before proceeding.
Get a Personal Loan
If you have good credit, you may be able to obtain a personal loan from a bank or another financial institution to help you in the short term, even if you are unemployed. You might also consider borrowing from friends or family or exploring peer-to-peer lending options. Be clear about your repayment plans to avoid misunderstandings.
Car Title Loans
Your car is a valuable asset — and you can use it to get the money you need quickly through Embassy Loans of Florida. With a car title loan, you keep the use of your vehicle while receiving fast cash to cover urgent needs. You can typically qualify even with bad credit, as long as your vehicle is ten years old or newer. On average, you can borrow up to 50% of your vehicle’s value, providing the financial breathing room you need while continuing your job search.
If you’re unemployed and need extra funds, Embassy Loans can help you get back on your feet with a secure car title loan. Call us today at (833) 839-2274 and find out how much you can borrow using your vehicle!
