Amara walker August 29, 2022

Sometimes life calls for a change and exhibits one in a unique stage. Unemployment is the greatest nightmare and becomes worse amid rising costs and bills. There seems to be no tangible solution to cater to these issues.

 Amid the disturbing mental stage, one could hardly think of anything but the bills. There could be many unfortunate reasons behind one undergoing the harshest phase in life; unemployment tops the list.

However, any negative change in life must not affect the state of being. One should always look forward to the possibilities of dealing with the mounting bills, repayments, and other important expenses.

Unemployed individuals often try to figure out the hard way to meet survival. They do so by tapping into the existing savings, emergency funds, investments, etc. What if you do not have any? In such a case, the person seeks help from the known ones.

 One may help but not every time. What if you again find yourself in a fix to deal with the costs that don’t go away? What if they deny helping?

It may sound not very pleasant, but the truth. Debts, pending bill payments, and school fees may drain the soul popping up health issues. And you are not ready for another massive expense.

What if you can fetch little funds without involving a third party? 

How about getting one without a stellar credit score?

Yes, you can get 100% guaranteed loans in some situations.

Unemployment havocs the credit score. It is the reason individuals find it challenging to fetch a little help from high-street lenders. They generally prefer good credit scores and salaried-source to approve funds.

However, unemployment must not stop an individual from meeting basic or crucial needs. No guarantor loans in Ireland are your go-to partner to waive unemployment anxieties and pay bills in a timely manner. It prevents you from gaining additional obligations as a penalty from the subscriber. It eliminates the presence of a third person to get the loan.

What Are No Guarantor Loans?

No guarantor loans are designed for individuals struggling with credit and income during unemployment.

It is the best way to get the needed money or cash assistance obligation-free. The loan shares simple terms and eliminates any requirement of a third person to qualify for the loan. The third person becomes important in case of a whopping loan amount.

In these loans, one can fetch up to €5000 without any third person, collateral, or credit score. It is the reason they are also known as small money loans in Ireland. The amount is small so that one can fetch it the same day without hassle.

One must ensure repayment proof in the form of income. It could be in any form from any genuine sources.

Why Is It the Easiest Loan to Qualify for Jobless People?

No-guarantor loans ease the deal for jobless individuals, retirees, and students to live independently. It eliminates obligations by providing seamless and easy-to-fetch loans at better interest rates.  Here are some other benefits of the loan:

1)  It eliminates any credit score requirements

As compared to other loans, these loans are credit score-obligation-free. Meaning-You need not require a good credit score to qualify. If you have an emergency to attend, fill up the form and fetch the amount within 15-minutes.

2)  No requirement for collateral

Getting a good sum without pledging any tangible asset is a lot to ask for when it comes to urgencies. For example, if you need money for urgent medical expenses, you would think twice before staking anything. Lenders understand the genuine requirements of the unemployed individual and hence provide sums irrespective of the collateral need.

3) Ease of repayments

These loans are short-term loans having competitive interest rates and APR. But the best part is you can borrow them anytime and from the comfort of your home. You need not bother to attend the lender in person to discuss repayment.

On approval, the lender provides a clear outlook for the repayments per your financial situation and affordability. The lender ensures that a borrower never borrows a sum hefty on imbalanced finances. It implies you do not share any fear of defaulting on the loans.

But it is the borrower's responsibility to keep track of the payment deadlines. Inform the lender if you may not be able to save for a month's repayment or beyond. It is important to act early, or else you may end into an endless trap of fast cash loans in Ireland.

How do you secure a good no-guarantor loan amount with a bad credit score in Ireland?

Many individuals often face a hard time concluding whether they could fetch a good sum on inappropriate credit or not. Yes, you can fetch it if your recent financial behavior is top-notch, with no massive loans in the credit report.

 The lender, in this case, may provide you with an affordable loan quote. An additional advantage could be a second-income source-in form of – freelancing, piano class teacher, etc. because these ensure regular income sources, and lenders may consider you as a responsible borrower.

Let's explore.

What happens in case of non-repayment of the loan?

These fast cash loans in Ireland are purposefully designed to help individuals in extreme financial distress. It limits restrictions and credit screening to create a healthy borrowing environment for the needy. One of the major reasons that individuals apply for these loans are:

  • To fetch a sum for urgency without dependency
  • To improve credit score

Yes, these loans help improve a credit score. It is important to work on the credit score to qualify for better interest rates in the future. By paying these loans timely, one can record a whopping jump in credit score. Paying these loans timely, one can record a whopping jump in credit score. It is the best way to improve your financial affordability and reputation among lenders for a higher amount.

Is it possible to get the loan with no upfront fees?

Most individuals do not move forward with form filling owing to the up-front cost. No-guarantor loans eliminate any such costs. You do not have to pay anything upfront to get the loan. We believe in helping people arrange for important stuff without bothering about additional expenses.

Bottom line: So, this is how a no-guarantor loan can help in dire situations like unemployment. Identify the urgency of the requirement and borrow only the needful. It will help you achieve things without over-pressurizing the budget.