Thursday, 15 June 2017

How to get unemployed loans with no upfront fees and no guarantor?

Sometimes, you just can’t fight the circumstances. The only option you have is to live the situation and prove your mettle in the hardest of times. One such testing time is when you are unemployed in the middle of a career or remain out of work after completing your education.

In either case, you are unemployed and want cash flow to run the show. There is no denying fact that bearing shortage of cash is frustrating and one seeks an immediate solution for the same.
One of the quickest ways to resolve the paucity of cash is to apply for unemployed loans. There are several FinTech Companies in the UK that can help you in your endeavour.  You need not depend on conventional lenders as unemployed loans are readily available online.

As the name suggests, unemployed loans are designed for unemployed folks. Despite a decent correction in employment rates in the last couple of years, UK has a very large population that is dependent on government benefits for its survival. A large number of unemployed folks apply for unemployed loans every year.

Just like education loans, employment loans provide you ample time to search for a job. You need not worry about instalment in the initial months as repayment begins after a fixed period which would be six months or 1 year after you avail the loan. In the absence of income, this feature comes as a big relief.

How to get unemployed loans?

1. As you receive the pink slip, the first step should be to apply for unemployment benefits. As a first-time job seeker, you can also apply for benefits. The benefits from UK government would at least offer you certain income in your bank account and build your credit worthiness.

2. Now you need to search for brokers who can guide you on unemployed loans in the UK. With financial assistance from a broker, you can rest assured of availing a decent unemployed loan at an affordable price in the least possible time.

All you need to do is conduct an online search on Google and list the brokers who provide support for unemployed loans in the UK. After making a list, read testimonials and reviews. This will help you know about their services. Following this, you can contact the one according to your preferences.

3. The entire process is carried out online. You simply need to write a letter or fill the form on their website. Usually, the brokers respond to the queries within a few hours. You just need to share your identity details and credit situation.

4. The broker would prepare you for negotiating on terms of the loan. The best part about contacting a broker is you can share your current financial condition and discuss all the credit possibilities. Even if you are looking for loans with no upfront fees and no guarantor you can share your concerns with them. They will help you find the exact match for you.

Besides ensuring the affordable loan, they will also share a simple step by step process to complete the loan without hampering the credit score. Using broker’s service it would become easier for you to search for unemployed loans and you could concentrate on searching for a job instead!

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