Qualifying for a Loan While Receiving Social Security Payments
The Social Security Administration reports 19% of recipients receive benefits as their only source of income. Furthermore, more than half of social security recipients rely on the payments for more than 50% of their income. One of the main requirements to get a short-term loan is that you can show consistent income. For many people, this income is a paycheck. So what do you do if you are unemployed and need an advance? Thankfully, there are lenders who specialize in payday advances for those receiving benefits such as social security and disability payments. While the qualification standards are different among unique lending companies, we strive to pair you with lenders that have your best interests in mind. Our service is completely free and will give you peace of mind when financial troubles stress you out.
Things to Understand Before Borrowing
Those who take social security loans are looking for fast financial solutions. Be very careful when applying for these types of loans and make sure you examine all aspects of the payday advances before you borrow. Make sure you understand how they work and what is expected of you. If you don't understand, give yourself a little more time and get the information you need. Make sure you rely on reliable resources as many consumers are sold myths about short-term loans. Those who claim these types of advances are very expensive often point to exorbitant Annual Percentage Rates (APR). Remember, these types of loans are typically paid back within weeks, not over the course of a year. In other words, using an APR to demonstrate the costs associated with a short-term loan is unrealistic. True, it is smart to be responsible, especially when relying on social security income. At the same time, you deserve the same treatment as others, so we will do our best to pair you with a lender that can meet your needs.
Get The Relief You Need
Our company is here to help you. All you need to do is specify the amount of money you need, complete a simple form with basic information and note the checking or savings account where you want your funds delivered! Upon approval, your loan will be electronically transferred to the specified account quickly. There is absolutely no standing in line to receive cash at a loan store or having to complete complicated paperwork to get the money you need.
Since a payday advance is a convenient solution to an immediate need, we caution against using it repeatedly if you struggle to repay them. A short-term financial advance is not intended for repeated use in carrying an individual from paycheck to paycheck. When an immediate financial emergency arises, our network of trusted lending companies are here to help you. A payday advance is not a long-term financial solution for ongoing budget management. Repeated use could eventually put you deeper into a cycle of debt. If you are searching for emergency help, you can apply for an advance on this page. It really doesn't matter what your credit is like. There are no credit checks. All you need to do is apply for the amount of money you need.