1. MoneyMutual<\/h3>\n\n\n\n
START NOW \u00bb<\/p>\n\n\n\n
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- Short-term loans up to $5,000<\/strong><\/li>\n\n\n\n
- Online marketplace of lenders<\/li>\n\n\n\n
- Funds available in as few as 24 hours<\/li>\n\n\n\n
- Simple online form takes less than 5 minutes<\/li>\n\n\n\n
- Trusted by more than 2 million customers<\/li>\n\n\n\n
- Not available in NY or CT<\/li>\n\n\n\n
- Click here for official site, terms, and details.<\/li>\n<\/ul>\n\n\n\n
MoneyMutual arranges short-term loans for folks with regular income. The matching service is free, and loan offers carry no obligation. You do not have to be employed to get a payday loan, but the company requires you to have a monthly income of at least $800.<\/em><\/p>\n\n\n\n
. CashUSA.com<\/h3>\n\n\n\n
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START NOW \u00bb<\/p>\n\n\n\n
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- Loans from $500<\/strong> to $10,000<\/strong><\/li>\n\n\n\n
- Receive a loan decision in minutes<\/li>\n\n\n\n
- Get funds directly to your bank account<\/li>\n\n\n\n
- Use the loan for any purpose<\/li>\n\n\n\n
- Click here for official site, terms, and details.<\/li>\n<\/ul>\n\n\n\n
If you collect at least $1,000 a month in benefit payments, you can prequalify for the CashUSA.com lender-matching service. Lack of a job needn\u2019t disqualify you from a payday loan. The reputable lenders on its network will give you an instant loan decision \u2014 you may receive loan approval for $500 or more within a few minutes and funding within 24 hours.<\/em><\/p>\n\n\n\n
BillsHappen\u00ae<\/h3>\n\n\n\n
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START NOW \u00bb<\/p>\n\n\n\n
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- Quick loans up to $5,000<\/strong><\/li>\n\n\n\n
- Submit one form, get multiple options<\/li>\n\n\n\n
- All credit ratings welcome<\/li>\n\n\n\n
- Requires bank account and SSN<\/li>\n\n\n\n
- As seen on CNN, FoxNews, and others<\/li>\n\n\n\n
- Click here for official site, terms, and details.<\/li>\n<\/ul>\n\n\n\n
BillsHappen\u00ae can help you obtain a fast payday or personal loan. Prequalification doesn\u2019t require a credit check, but you must have a steady source of income, such as unemployment payments. This service matches you to multiple lenders so you can select the best loan offer. <\/p>\n\n\n\n
CreditLoan.com<\/h3>\n\n\n\n
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START NOW \u00bb<\/p>\n\n\n\n
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- Loans from $250<\/strong> to $5,000<\/strong><\/li>\n\n\n\n
- Cash deposited directly into your account<\/li>\n\n\n\n
- Get money as soon as tomorrow<\/li>\n\n\n\n
- Bad credit OK<\/li>\n\n\n\n
- More than 750,000 customers since 1998<\/li>\n\n\n\n
- Click here for official site, terms, and details.<\/li>\n<\/ul>\n\n\n\n
CreditLoan.com can help an unemployed borrower who receives benefit payments and needs $250 or more. Its network of reputable lenders provides unemployment payday loans as soon as the next business day. The company began operating in 1999 and has helped more than 750,000 borrowers obtain loans.<\/em><\/p>\n\n\n\n
BadCreditLoans.com<\/h3>\n\n\n\n
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START NOW \u00bb<\/p>\n\n\n\n
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- Loans from $500<\/strong> to $10,000<\/strong><\/li>\n\n\n\n
- Get connected with a lender<\/li>\n\n\n\n
- Simple form & quick funding<\/li>\n\n\n\n
- Get your money as soon as next the business day, if approved<\/li>\n\n\n\n
- Click here for official site, terms, and details.<\/li>\n<\/ul>\n\n\n\n
BadCreditLoans.com can prequalify you for a payday or personal loan of $500 or more, even if you are currently not working and have bad credit. If you receive unemployment benefits or other reliable income, the members of its loan network can approve your application in minutes and fund the loan by the next business day. BadCreditLoans.com uses advanced encryption methods to ensure your information remains secure. <\/p>\n\n\n\n
PersonalLoans.com<\/h3>\n\n\n\n
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START NOW \u00bb<\/p>\n\n\n\n
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- Loans from $500<\/strong> to $35,000<\/strong><\/li>\n\n\n\n
- Large lender network<\/li>\n\n\n\n
- Fast loan decision<\/li>\n\n\n\n
- Use the loan for any purpose<\/li>\n\n\n\n
- Funding as soon as one business day, if approved<\/li>\n\n\n\n
- Click here for official site, terms, and details.<\/li>\n<\/ul>\n\n\n\n
PersonalLoans.com\u00a0can arrange small, bad credit loans to suit the needs of borrowers who receive government benefits. You must collect at least $500 a month to prequalify. As with all the reviewed lending networks, PersonalLoans.com has lenders that approve applicants with poor credit.<\/em><\/p>\n\n\n\n
Requirements For Payday Loans That Accept Unemployment Benefits<\/strong><\/h2>\n\n\n\n
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- You must be a citizen or permanent resident of the United States.<\/li>\n\n\n\n
- Only folks 18+ years old can apply.<\/li>\n\n\n\n
- You need a verifiable source of regular income to repay the loan. The funds usually come from a job, but unemployment benefits and other reliable sources are acceptable. <\/li>\n\n\n\n
- You need a valid email address and telephone number.<\/li>\n\n\n\n
- You must have an active checking account in your name to collect the loan proceeds and repay the money electronically.<\/li>\n\n\n\n
- You will have to provide a Social Security number or similar official identifier.<\/li>\n<\/ul>\n\n\n\n
Unemployment Benefits Usually Accepted For Online Payday Loans<\/h2>\n\n\n\n
Type of Unemployment Benefit Eligible For Online Payday Loans<\/th> Description<\/th> Example<\/th> How to Prove<\/th><\/tr><\/thead> Unemployment Benefits<\/td> Provides temporary financial assistance to eligible individuals who have lost their jobs through no fault of their own and who are actively seeking new employment<\/td> John has been laid off from his job at a factory and is now receiving weekly unemployment benefits from the state<\/td> Payment history and benefit statements from the state’s unemployment office<\/td><\/tr> Social Security Benefits<\/td> Provides retirement, disability, survivor, and other benefits to eligible individuals who have paid into the Social Security system through payroll taxes<\/td> Mary has reached the age of 65 and is now receiving monthly Social Security retirement benefits<\/td> Benefit statements from the Social Security Administration<\/td><\/tr> Pension Funds\/ Retirement Benefits<\/td> Provides retirement income to eligible individuals based on their years of service and other factors<\/td> Bob worked for a company for 30 years and is now receiving a monthly pension based on his years of service<\/td> Benefit statements from the pension plan administrator<\/td><\/tr> Disability Income<\/td> Provides financial assistance to eligible individuals who are unable to work due to a disability<\/td> Jane was injured in a car accident and is now receiving monthly disability income from her insurance company<\/td> Benefit statements from the insurance company or disability determination paperwork<\/td><\/tr> Government Annuity Payments<\/td> Provides retirement income to eligible individuals who have worked for the government<\/td> Tom worked for the federal government for 20 years and is now receiving a monthly annuity payment based on his years of service<\/td> Benefit statements from the government agency responsible for the annuity<\/td><\/tr> Dividend Payments or Recurring Interest
(actually not an unemployment benefit)<\/td>Provides income to eligible individuals based on their ownership of stocks or other investments<\/td> Sarah owns stocks in a company that pays quarterly dividends, and is now receiving regular dividend payments<\/td> Investment statements or dividend payment records<\/td><\/tr> Alimony or Child Support<\/td> Provides financial support to eligible individuals who are divorced or separated<\/td> Sue is receiving monthly alimony payments from her ex-husband to help support herself and their children<\/td> Court documents or written agreements outlining the support payments<\/td><\/tr> Regular Proceeds from a Trust
(not exactly an unemployment benefit)<\/td>Provides regular income to eligible individuals who are beneficiaries of a trust<\/td> Jack is a beneficiary of a trust set up by his grandparents, and is now receiving regular payments from the trust<\/td> Trust documents or payment records from the trustee<\/td><\/tr> Veteran Benefits<\/td> Provides financial and other assistance to eligible veterans and their families<\/td> Mike served in the military and is now receiving monthly disability and educational benefits from the Department of Veterans Affairs<\/td> Benefit statements from the VA or other military service documents<\/td><\/tr> Public Assistance<\/td> Provides financial assistance to eligible individuals and families who are in need<\/td> Maria is receiving monthly food stamps and cash assistance from her state’s Department of Social Services<\/td> Benefit statements or other documentation from the government agency providing the assistance<\/td><\/tr> Income from Spouse or Partner<\/td> Provides financial support to eligible individuals based on the income of their spouse or partner<\/td> John’s wife is employed and he is receiving financial support from her income while he is looking for a job<\/td> Bank statements or other financial records showing the income being received<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Apart from those examples above, some can be defined by their legal names. Let\u00b4s see the table below.<\/p>\n\n\n\n
UNEMPLOYMENT BENEFITS ACCEPTED FOR PAYDAY LOANS ONLINE<\/th> Description<\/th> Eligibility Requirements<\/th> Availability<\/th><\/tr><\/thead> State Unemployment Insurance (UI)<\/td> Provides temporary financial assistance to eligible individuals who have lost their jobs through no fault of their own and who are actively seeking new employment<\/td> Being unemployed through no fault of your own; meeting certain work and wage requirements during a specified base period; being able and available for work; actively seeking new employment<\/td> Available in all states<\/td><\/tr> Pandemic Unemployment Assistance (PUA)<\/td> Provides unemployment benefits to self-employed individuals, gig workers, independent contractors, and others who are not eligible for traditional UI benefits<\/td> Being unable to work due to COVID-19 related reasons<\/td> Available in all states<\/td><\/tr> Federal Pandemic Unemployment Compensation (FPUC)<\/td> Provides an additional $300 per week in unemployment benefits to eligible individuals who are receiving UI or PUA benefits<\/td> Receiving UI or PUA benefits<\/td> Available in all states<\/td><\/tr> Extended Benefits (EB)<\/td> Provides additional weeks of unemployment benefits to eligible individuals who have exhausted their regular UI benefits<\/td> Exhausting regular UI benefits; meeting certain eligibility requirements<\/td> Available in some states, depending on the state’s unemployment rate<\/td><\/tr> Trade Adjustment Assistance (TAA)<\/td> Provides assistance to workers who have lost their jobs as a result of increased imports or shifts in production to foreign countries<\/td> Being a worker who has been adversely affected by foreign trade<\/td> Available to workers in industries that qualify for TAA<\/td><\/tr> Disaster Unemployment Assistance (DUA)<\/td> Provides assistance to individuals who have lost their jobs as a result of a major disaster, such as a hurricane, flood, or wildfire<\/td> Being unemployed or unable to work due to a major disaster; not being eligible for regular UI benefits<\/td> Available in areas that have been declared a major disaster area by the President<\/td><\/tr> Short-Time Compensation (STC)<\/td> Allows employers to reduce the hours of their employees instead of laying them off, with eligible employees receiving partial unemployment benefits to make up for the reduced hours<\/td> Being an eligible employee who has had their hours reduced by their employer<\/td> Available in some states, depending on state law<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Are Unemployment Payday Loans In One Hour Possible?<\/h2>\n\n\n\n
While it is true that some lenders may be able to approve a loan application almost instantly, it is important to note that the actual disbursement of funds can take longer than that and would reach the account of the recipient the next business day.<\/p>\n\n\n\n
This is because the process of transferring money from the lender’s account to the borrower’s account involves several steps that can take time to complete.<\/p>\n\n\n\n
Firstly, once a loan is approved, what it is true, happens almost instantly, the lender needs to initiate the transfer of funds to the borrower’s bank account. <\/p>\n\n\n\n
Depending on the lender’s policies and procedures, this may involve several internal checks and processes to ensure that the transfer is legitimate and that the borrower’s account information is accurate.<\/p>\n\n\n\n
Once the transfer is initiated, it then needs to be processed by the banks involved in the transaction. So the transfer order goes from the bank used by the lender to the bank used by the borrower of the payday loan.<\/p>\n\n\n\n
Banks typically use batch transfers to process large volumes of transactions at once, rather than processing each transaction individually. This means that even if a lender initiates a transfer immediately after approving a loan, the actual transfer may not be processed by the banks until the next batch transfer window.<\/p>\n\n\n\n
In addition, there may be delays caused by weekends, holidays, and other factors that can affect the timing of the transfer. For example, if a loan is approved on a Friday evening, the transfer may not be processed until the following Monday, depending on the bank’s business hours and processing times.<\/p>\n\n\n\n
Payday lenders often use batch transfers to process large volumes of transactions efficiently. This involves grouping transactions together and sending them to the bank in a single file, rather than processing each transaction individually. Batch transfers can help to reduce processing times and improve efficiency, which is particularly important for companies that process large volumes of transactions on a regular basis, as all the payday lenders enlisted here.<\/p>\n\n\n\n
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