If you’re unemployed and need quick emergency cash loans, finding a solution can be stressful. Traditional loans often require proof of income or good credit, which can make them out of reach.

Thankfully, car title loans and other options from Fast Auto Loans, Inc. can provide the fast auto loans you need. This guide explains how title loans work and why they’re a great option for unemployed workers.

Quick Emergency Cash Loans Unemployed Workers Can Rely On

When your income is limited or delayed, you need fast solutions. Here are several ways to get emergency cash loans, and why a title loan may be the best option.

1. A Credit Card Cash Advance

A credit card cash advance is a type of quick emergency cash loan for unemployed workers that is issued by your credit card. Like most emergency loans, it comes with a very short repayment term.

It is pretty easy to get your hands on a credit card cash advance since you don't need to prove any income, nor do you have to undergo a credit check.

You can receive this type of emergency monetary solution by visiting an ATM and using your PIN. If you don't have a pin, you will need to contact your card's issuer to obtain your advance over the phone.

There's no argument here — credit card cash advances are easy and incredibly fast to acquire. However, you will have to pay incredibly high interest rates, and it may come with a fixed, flat fee for each advance you use. This could be upwards of $20 per purchase!

2. A Home Equity Line Of Credit

A home equity line of credit, sometimes referred to in its shortened form as HELOC, leverages the equity you have in your house. Equity is calculated by subtracting the balance of your mortgage from the amount your home is worth.

Generally speaking, a home equity line of credit has a draw period. This timeframe is the duration you can use the line of credit for. Afterward, it will close and you will need to start repaying everything you borrowed. The draw period is usually 10 years but can differ depending on your age.

These quick emergency cash loans for unemployed workers offer wonderfully low-interest rates and give you access to cash whenever you need it. Not to mention that you're using your house (i.e., an asset you own) to fund your emergency.

However, there are a few considerations to keep in mind if you're pondering taking out a home equity line of credit:

• If you default on your loan, you may lose your house.
• Depending on the lender, you'll have to prove that you've worked in the past and are getting some form of income currently.
• Again, depending on the lender, you might need a pretty good credit score, which is simply not possible for some people.

 

 

3. A Payday Loan

When it comes to quick emergency cash for unemployed workers, you’d be surprised to know that payday loans are among the options.

A payday loan is a short-term financial aid that effectively uses your future income as security. If you can't wait a few days or weeks for your money, a payday loan is one of the best ways to fortify your income.

Payday loan lenders oftentimes do not conduct credit checks, making it a fabulous option for those with less-than-perfect credit scores. Not to mention that it won't affect your score either way since no hard inquiries are performed.

Of course, you need to ensure that you opt for a reputable lender. In some states, there are very few legal ties and next to no interest caps. So, always do your research beforehand.

4. A Car Title Loan

Car title loans let you use your vehicle’s title as collateral to get emergency cash quickly. Even if you’re unemployed, you can still qualify because proof of steady income is not always required.

How to Get a Title Loan Near You

Getting a title loan with Fast Auto Loans, Inc. is quick and easy. Here’s the step-by-step process:

Step 1: Submit the Online Form
Apply for a car title loan online with your contact and vehicle details.

Step 2: Speak With a Loan Representative
A local representative will confirm your information, explain the process, and schedule a convenient meeting.

Step 3: Bring the Required Items

• State-issued ID (e.g., driver’s license)
• Lien-free vehicle title in your name
• Your vehicle for a quick inspection

Step 4: Vehicle Inspection & Fast Approval
Your vehicle will be evaluated, and if approved, you’ll sign the loan agreement and get cash the same day.

Benefits of Car Title Loans for Emergency Cash

• No Credit Checks: Suitable for those with poor credit
• Fast Approval: Quick access to cash
• Convenient Process: Start online and finish in-store

Frequently Asked Questions About Title Loans

1. Can unemployed workers get a car title loan?

Yes! Even if you’re unemployed, you may qualify since your vehicle’s title is used as collateral.

2. How fast can I get emergency cash with a title loan?

Most borrowers receive same-day cash after vehicle inspection and approval.

3. Will a car title loan affect my credit?

No hard credit checks are performed, so your credit is not impacted during the application.

Apply for Emergency Cash Loans Today

Unemployed workers have various options for quick emergency cash, with title loans being a practical choice. The process is straightforward, and you can receive funds quickly to meet your urgent financial needs.

For more information or to apply online, visit Fast Auto Loans, Inc. today.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.