Unemployment is the worst situation in term of finance-since if you are unemployed you dont have any source of income but all of your expenses will remain there as if you were earning. If you are unemployed then that doesnt mean that you will be relieved from the bills that you have to pay. You cannot live without the basic necessities of life. Therefore meeting expenses without any source of income becomes very tough. At time, it also creates mental pressure and discord in the family. One of the options for unemployed people is to get loan, which also at time becomes very tough to get due to absence of any income. Also, the process of getting loans for unemployed is very tedious and cumbersome.
On the other hand, people with a job get loan very easily and with comfort. The only reason of easy loan for employed people is that they have a permanent source of income, which assures the lenders that borrowed have the capacity to pay back their loans. Also, a permanent source of income means less risk for lenders.
Notwithstanding the above, there are lenders today who offer loans to unemployed people at an affordable rate of interest. Such loans for unemployed help...
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