Money Assistance for the Unemployed

MONEY ASSISTANCE FOR THE UNEMPLOYED Are you going to be made redundant? Have you recently lost your job? Have you been unemployed for some time? Learn about the different types of financial assistance you may qualify for along with tips for dealing with unemployment. Unemployment Benefits As soon as you lose your job or catch wind of a redundancy you should start the process of applying for the Newstart Allowance program. This will help cover some of your basic living expenses until you are able to find a job. Other benefits to look at include: Rent Assistance, Clean Energy Supplement and the Income Support Bonus Centrepay If you are receiving benefits from the government, you may be eligible for Centrepay. This program allows you to pay certain bills, such as utilities, phone, rent, child care and medical services, right from your Centrelink payments. Possible Loan Options • No Interest Loan Scheme - If you are receiving Centrelink payments from the government, you may be eligible for a no interest loan of up to $1,200. • StepUp Loan - These loans allow low-income families the ability to take out a loan for up to $3,000, with a very low interest rate. • Apply with a co-signer - If you are between jobs or have some sort of stable income stream, apply with a co-signer maybe a option. Whilst loans for unemployed people are hard to qualify for a application with a co-signer who has a solid work history can make things easier. $: Sell unwanted items - This can be done in numerous ways such as a pawn shop, ebay, garage sale or classifieds. SELL LOAN Things to know before applying for a loan while unemployed Before you try to obtain a loan, understand that the likely hood of you actually qualifying from a mainstream lender is minimal. In addition, multiple loan application submissions can actually hurt your credit score. Assistance through family, non-profits or the government may be more beneficial. If you are applying for a loan to pay your bills, try reaching out to your creditors and service providers first to see if they will work with you; in many cases they may provide you with a month or two lapse in payment until your obtain another job. LOAN For more information visit http://lowincomeloansaustralia.com.au/unemployed-loans