How can you get immediate money to meet a sudden expense?

Get Immediate Money

Sudden financial needs can put anyone in a difficult situation, especially when you are not working. If you have your partner or any other family member who is already working then money issues are not a big deal. However, what if you live alone or your family depends on you for financial needs? Then it can become a big problem.

Since the global pandemic started, the economy declined to lead to millions of people getting unemployed. With each passing day, you are using different services such as water, electricity, need food, groceries, etc.

Sometimes an appliance might get broken or needs to get fixed, your child’s school fees need to be paid on an immediate basis, or you need to tackle some medical emergency. Everything requires money, and one does not work for quite some time, looking at bank account statements can give a headache.

The purpose of this blog is to solve your problems and provide a proper solution. Let’s get started on the solution for immediate monetary needs:

Same day loans for unemployed people

There is a facility available for people who are currently not working where you can get a loan on a same-day basis. You can get up to 1000 pounds of money. These are short-term loans whose interest rate is higher as compared to traditional loans.

To avail such a facility, you must be a UK citizen with at least 18 years of age. You must hold a bank account, and you need to prove that you have a monthly income in the form of benefits or investment to approve your application. This sort of proof is required by the lender to make sure that you can repay your loan instalments regularly.

Some lenders might also require you to present a guarantor in this case. It is only to make sure that if you are unable to pay back the loan amount, the guarantor will repay all the money to the lender. However, the catch is that the guarantor must be someone who is employed and have a good credit score.

There are three kinds of same day loans available for unemployed people: Payday loans, Doorstep loans, and Secured Loans.

  • Payday loans are repaid within a month or on your payday with higher APR and interest rates.
  • Door to door loans are available on your doorstep from a local representative which can be paid back within 3 to 12 months.
  • Secured loans are given to you based on your property as an asset. If you don’t earn right now, then you can get a loan sanctioned with your property as collateral.

Loans available for bad credit score

If you have a poor score and it is nearly impossible for you to get an approval of loans from the bank, then we might have something for you. Direct lenders provide financial help to people who get rejected by banks or NBFC due to poor credit history. Options like Cash loans or provident loans are suitable for you in this case.

These are good for small cash requirements that can be solved within a few hours after application approval via call or online. Cash loans are provided by the door to door service to you, so you don’t need to get into the hassle of going outside, whereas, provident loans are the same as the door to door ones but with more personal support. Here you have the privilege to pay back the money whenever it is feasible for you making it so much flexible. The personal service also allows you to repay the instalments according to the availability of funds.

A good option for people on benefits

If you live on benefits, you might need extra cash now and then. To fulfil this need, you might need to look out for options that can get you some money within 24 hours on emergency cases.

Living in the UK is not at all a cheap option because of the high rates of accommodation, food, water, and electricity bill, and the bedroom tax. Some lenders provide small cash loans to such people quickly.

You don’t need a bank account for a loan as you can get it in the form of a doorstep loan. You want to make sure that you learn about the high-interest rate before finalizing a deal.

Emergency funds are not a cherry on a cake and can give a severe headache to people. When it is awkward to go to friends to borrow money, you can easily visit direct private lenders for same-day loan facilities in the form of doorstep loans, provident loans, and payday loans or secure loans.

The money is transferred into your bank accounts within 24 hours. You can also get service of cash loans where an agent might visit your house personally to lend you cash.

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