As we continue to find ourselves in the midst of a recession, many will probably wonder if they'll still be able to get a cash advance if they don't have a job. Well, fortunately it is possible. Most cash advance applications allow you to specify that you receive income via benefits rather than employment. Lightspeed Payday is no exception.
Regardless of whether you have a job you can still qualify for a cash advance. Whether the lender may have different expectations for other elements of you application, we can't be sure. Although it is not known to us what kind of extra scrutiny your application may receive as a result of listing benefits as a source of income on your cash advance application, the fact that we work with so many lenders increases your chance of being approved. If we worked with only one lender, not having a job might significantly decrease your chances of securing a loan. The fact that your application is reviewed by many lenders is what makes our service valuable to potential borrowers.
Benefits can include social security and employment pensions among others. As long as you have a steady source of income which is greater than $1,200 a month, you could qualify for a loan without a job.
