How to Find Payday Loans That Accept Unemployment Benefits Near Me
August 12, 2021 | Daniel Dewitt
If you are on unemployment benefits, then you may wonder whether it is worth researching “payday loans that accept unemployment benefits near me”. After all, the whole name implies that you can only get the loan if you have a job, right? Well, traditionally, yes. However, if you are looking for payday loans Louisiana allows, then you certainly can get a payday loan while on unemployment benefits. Let us explain.
Payday Loans Normally Require a Source of Employment
If you search for “payday loans that accept unemployment benefits near me”, you will often find that one of the 'rules' is that you have your last paystub available for inspection. This means that you do need to be in employment, whether it is full or part-time.
However, lenders like Cash Cow, providing payday loans in Louisiana will, in most cases, approve those who receive only unemployment benefits. However, documentation needs to be provided that outlines the type of the unemployment benefits a person is getting, and how long they are supposed to last.
How to Find Payday Loans That Accept Unemployment Benefits Near Me?
Obviously, your main consideration here will be ensuring that they accept unemployment benefits as a source of income. There are a few other things that you are going to need to consider, though.
How Much Do You Need to Borrow?
It is important that you have a rough idea of how much you need to borrow when looking for a payday loan. This will ensure that you enquire about the right amount of cash.
As was mentioned above, the purpose of the loan is to cover emergency expenses. This means things that you could not have predicted would have come up. A lot of people use their payday loan to deal with repair bills or to ensure that certain bills do not go late which, of course, can cause a hit on their credit report.
Remember, payday loans will only cover between $100 and $300, depending on your income.
Do You Have the Relevant Documentation?
As we said before, when you are looking for payday loans that accept unemployment benefits near me, you do need to have various documents.
You will need proof of your unemployment benefits. This way the provider of payday loans in Louisiana will be able to see exactly how much income you have.
Many of those who receive unemployment benefits will also be working a part-time job. Therefore, it is important that you bring along your most recent paystub. It can help to strengthen your inquiry.
The documents that you require on top of this are staple documents. This means:
- Photo ID issued by the state so that you can prove your identity.
- A blank check that shows the details of your checking account.
So, make sure that you have all of this to hand before you go and seek out a payday loan for unemployment benefits. It will make things a whole lot quicker later on.
Does Your Selected Company Offer Payday Loans in Louisiana?
It is important that you search for payday loans in Louisiana if you are based there. This is because the final part of the process will require you to head to the office of the loan provider. This way, they are able to check over your documentation.
It may be wise to look for companies, like Cash Cow, that has offices throughout the state. This way you will never really have to travel all that far to be able to complete the final part of the lending process.
The Payday Loan Process Is Quick and Easy
One thing that often surprises people is just how quick and easy it is to get a payday loan. One option available to potential borrowers is Cash Cow. Our process involves:
- Filling in a form on our website. This will submit an inquiry to nearest location.
- You will be contacted by a Cash Cow representative to discuss the payday loan and ensure that you have the right documents. At this point, they will also explain how the process works and schedule a meeting at the nearest store location for you.
- You will then head to your nearest Cash Cow office to complete the process.
- Depending on how close the office is to your home, everything could be wrapped up in under an hour.
Don't worry if you have bad or no credit. People of all credit statuses will be considered for a payday loan. This means that a payday loan in Louisiana could be an option when you do not have other sources of funding an emergency available.
Get Your Payday Loan Today!
If you are looking for payday loans that accept unemployment benefits near me, get in touch with Cash Cow today. Fill in the online request form for payday loans near me on our Locations Page and wait for Cash Cow to reach out. You could have your money in as little as thirty minutes.