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Unemployed but need a loan

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Does anyone know of a reliable company where I might get a loan despite being unemployed? I have been on JSA for 8 months.

Comments

  • Ammie
    Ammie Posts: 395 Forumite
    Have you ever thought about joining your local credit union? They offer low-cost loans with very low interest rates. You don't have to be employed to join or take out a loan and they can offer free financial advice.

    They can arrange for the loan repayments to come straight from your benefits to make it easier for you.

    I joined mines and I'm very pleased with it. I also set up a savings account with them and a standing order of £20.00 a month, which may not seem like much but I've managed to save a nice little sum with them which I know can help me in an emergency.

    You could also try taking out a loan from the social fund, which comes straight out of your benefits and if I remember correctly is interest free.
  • Jimjams00_2
    Jimjams00_2 Posts: 219 Forumite
    Depending on how much you need have you tried applying for a Budgeting Loan from your benefits office. You could receive up to £1500. For more info have a look at this site:
    http://www.direct.gov.uk/en/MoneyTaxAndBenefits/BenefitsTaxCreditsAndOtherSupport/On_a_low_income/DG_10018905
  • Thanks for your responses I wasn't aware of either of those possibilities, i shall do some reading.
  • hi, i need simalar help to you too. Does a loan provider lend money to a steday income benefit, as i have dla and carers allowence each week/ and once a month, but legally not working(even tho im taxed on carers allowence!) iv heard mint loans lend providing your claiming disability allowence, but dont know how true it is, and if any others do it? thanks x
  • is there any loan company that does a loan whilst uneployed/ on dla ? iv been turned down umpteen times for a loan from different companies iv decided to give up for a few months on the reputable ones ( cant understand as i had quite a big loan last year and paid it without missing a payment within a year) i
  • Apples2
    Apples2 Posts: 6,442 Forumite
    Good Day,

    Greetings from a bunch a spammers

    We only give out loans from £5,000 - £1,000,000,000 with
    a maximum time duration of 30years.

    So you can lend a BILLION pounds over 30 years at 0.5% interest but you can't afford your own email domain???

    Not only is this :spam:, this retard is actually trying to scam First Plus by pretending he works there.

    retards.jpg
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