When Do You Need Cash Advance With Unemployment Benefits?
Are you stuck in a problem and need to pay an emergency $250 bill but don’t have the money? Then, your last resort can be getting a cash advance with unemployment benefits. Problems may arise at any time, no matter if you have a permanent income source or not. The unemployment cash advance apps understand the dilemma and let you borrow money with good repayment terms. You can borrow money from them to cover your urgent financial need.
Which Cash Advance Apps With Unemployment Benefits Can I Choose?
Many apps provide cash advances even for the unemployed. Below is the list of five best cash advance apps with unemployment benefits that you can choose if you need urgent cash:
- Viva Payday Loans: You can apply for an unemployment cash advance and complete the entire application process and paper works through the app. It is possible to borrow up to $5,000. As soon as you apply for a cash advance, you will get a faster decision within a couple of minutes. The APR is a maximum of 35.99% and the repayment period is up to 24 months.
- Earnin App: It is a paycheck advance app that gives you a cash advance from $100 to $500 based on your earnings. It will track your working hours, monthly income, and payment per hour only if you permit the app to do so. You will get a notification when your paycheck is credited to your bank account and the app will take out the money accordingly that you have borrowed.
- Dave App: This app enables you to borrow money whenever you want. Borrow any amount from $5 to $200 in advance without any interest. Once you get your paycheck, the borrowed amount will be deducted. It charges you $1 for the app membership and an additional $1.99 to $5.99 for faster money transfer. Besides, it may come with an optional tip, which is 20% of the borrowed amount. The app has a feature that shows various options for work. So if you are looking for a job or your expenditure exceeds, you can apply to manage your financial situation.
- Brigit: You can borrow from $50 to $250 at a 9.99% interest per month from this app. It also provides you with budgeting options, financial advice and pays close attention to your monthly income and expenses before transferring the money to your account. Before you connect your bank account to the app, you must ensure having an active income source at least for the past couple of months. When you get paid, the app will withdraw your borrowed amount from your account.
- MoneyLion: This app offers cash advances up to $250 without any charge and helps you through tough situations with quick cash earlier than you expect. In just 48 hours of application, you receive the borrowed amount in your account. For faster cash transfer, it will charge you 3.99% additional fees from your existing account.
What Are The Advantage And Disadvantages Of Cash Advance Apps With Unemployment Benefits?
The cash advance apps with unemployment benefits will give you a big help when you need quick access to the money. Before you decide whether to take out a cash advance from these apps, check the advantages and disadvantages:
Advantages:
- Applying for cash advances from these apps allows you to access quick cash any time to cover your emergency needs in daily life.
- The charges for taking out cash advances from the apps are cheaper than the bank overdraft fee. For apps, the fee remains below $10 which is $35 or more in banks.
Disadvantages:
- For repayment of your loan, the apps need to be connected with the bank accounts to take out the money when your paycheck enters. Therefore, the apps may charge you some extra money that will be also deducted from your paycheck.
- It may lead you to a debt cycle if you become comfortable borrowing money in advance and solving problems before you receive your paycheck.
What Are The Alternatives To Cash Advance Apps With Unemployment Benefits?
Cash advance apps can be a good idea to get paid in advance when you need emergency money. Other than the cash advance apps, there are some alternative options that you can try:
iPaydayLoans: You can get cash advances online with unemployment benefits via iPaydayLoans. There is no hidden cost for borrowing money from our lenders. The online application process is simple; submit your personal information, receive offers from the lenders, and then get the amount credited to your account as soon as the lender gives you approval.
Apply for a cash advance if you meet the following requirements:
- Age 18 or above.
- Be a US resident.
- Have a valid ID.
- Have an active account in a bank.
- Have proof of income source.
 | Why Us | |
|---|---|---|
| How much can I borrow? | $50-$35,000 | No hidden fees or charges |
| I have bad credit. Can I apply? | Yes | Bad credit is considered |
| Over how long can I spread the repayments? | 1-36 months | Fast decisions |
| Are credit checks involved? | Yes | Soft credit checks only |
| Chances of getting approvals | Good | 256-bit encryption protocol |
| How to apply? | Apply online | Easy application |
Our Partner Platform To Get Cash Advance Services With Unemployment Benefits
BadCreditLoans: Take out a cash advance to get through urgent financial times. You can choose BadCreditLoans because it will make sure all your personal information is safe and secured. The application process is easy and you can get the fund transferred to your account as soon as it approves. With an unemployment cash advance, you can pay for utility bills or due expenses.
CashAdvance: For quick money, get a cash advance from CashAdvance. With the free service available in 24 hours, you are able to apply for the loan when there are unexpected situations. It is quite possible that the money you need will be deposited in your account in one day to meet your immediate needs.
PersonalLoans: Get a cash advance from PersonalLoans without any hidden fees and upfront costs. This platform helps you to get unemployment benefit loans so you can pay the emergency bills. You can apply online and check the competitive rates offered by different lenders.
Apart from these, you can also get cash advances with unemployment benefits from banks, ATMs, and credit unions, but the processing may take longer and the charges will be higher. Alternatively, you can borrow money from your friends or family. However, you should transact through a bank account paid in a cheque, bank draft, or electronic transfer.
How Safe Is It To Get Money From Cash Advance Apps?
Cash advance apps can be a safe solution in terms of getting urgent money. But make sure it is just a one-time thing to manage the emergency and you are not taking the help of the apps to cover your regular expenses. You should not forget that it will increase the fees and eventually you may fall into a debt cycle if you recklessly get money from these apps without interruption. Therefore, it would be better if you think about the alternative solutions first.