When you're out of work, on state benefits and have a bad credit history, you aren't going to get much help from your local bank. Even if you've always been an excellent customer, you'll find that your application for a cash advance for unemployed people on benefits will be declined.
Following the credit crisis, financial institutions have further tightened their eligibility criteria in order to protect their balance sheets from bad debt. Most small cash loans for unemployed people on benefits are only available from "specialist" bad credit lenders who don't credit score their customers.
Guaranteed Unemployed Cash Loans from a Pawnbroker
Pawn shops have been offering small loans for unemployed people for centuries, but they've enjoyed something of a resurgence in recent years. They're essentially a cash advance for people on benefits that are secured with collateral, such as gold or jewelery.
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