Unemployment is often an exercise in restraint, as you have limited funds to take care of necessary bills and payments. However, regardless of the amount of restraint you show when it comes to those extra expenses, some emergencies may come up that make spending money inevitable. Home repairs, bills that were higher than you expected, and medical bills represent just a few of the things that may burden you with an unexpected expense.
When an emergency occurs while you are unemployed, finding the resources to pay for those expenses can be incredibly challenging. Options such as payday loans are out, and most lenders won’t give you money if you can’t report regular income, regardless of how good your credit is. However, there are options available to you. Here is a quick look at some of the things that you can do when you find yourself without the money that you need that can help you stay afloat until you’re finally able to find a job.
Finding Temporary Work or Gigs – A quick search will often show you many different temporary jobs or gigs available in your area, or even online. While these are not full-time job solutions, they can often offer you enough money to help pay the bills or to take care of a sudden expense when it arises. Think about the types of work that you may be able to do, whether it’s babysitting, writing, or landscaping, and search for those types of options in your location.
Offer Rentals – If you have a spare room available in your home or a vehicle that you can part with for a short amount of time, you may consider offering them out for rental. However, while it can be a good way to make some money, be aware that you need to be prepared for potential damage to your property. While standard insurance usually covers your home or vehicle, it may not cover you in a business transaction.
Get a Personal Loan – If you have good credit, you can get a loan from a bank or other lending institution to help you in the short term, even in some situations where you are unemployed. You may also consider looking to friends and family, or even strangers to work out a loan situation that can work for you as you keep seeking a job.
Car Title Loans – Finally, do remember that your car is a valuable asset, and that you can use it to get the money you need in a hurry through companies such as Embassy Loans of Florida. With a car title loan, you will be able to retain the use of your vehicle while you continue your job hunt, and you will have the time that you need to work out repayment of the loan. You can typically get these types of loans even if you have bad credit, provided that your vehicle is ten years old or newer. On average, you will be able to get about half of the value of your vehicle in a loan.