What Happens If I Don’t Repay My Short Term Loan?

Why not use our service to find a great-value short term loan with an FCA-approved lender? This way, you can be sure that you’re protected.

Short Term Loans for the Unemployed

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Most short term loans are issued to people who are in full-time employment. This is because they can demonstrate an ability to pay back what they borrow via their monthly wage. Payday loan lenders look at affordability when considering who to lend to. For example, a lender may ask you to list your current monthly outgoings (such as rent, utility bills, monthly subscriptions, transport costs and so on) to ascertain whether you earn enough to make repayments on top of your existing monthly outgoings.

Some lenders are willing to offer short term loans to the unemployed, provided they can prove that they have the means to make repayments. If you are unemployed but have other forms of income (such as a pension or regular employment support allowance payments), most lenders will consider your application for approval. Why not use our free service to find out if you could be eligible for an unemployed short term loan today?