Yes, there are loans for unemployed people with bad credit. As well other types of the loans, loans for unemployed have such option. You may submit your previous place of employment in the application if your ex-Boss is OK with this. Obviously, such offers are maximally unprofitable for your budget but truly beneficial for lenders.
It’s possible to get loans for unemployed with bad credit fast from local banks and other financial institutions, and online lenders. Online lenders are especially active in this sense – they offer plenty of “affordable” propositions but not all of them are safe for your money.
You should make sure that a reliability of your potential lender is outstanding and his previous clients are completely satisfied with his services.
Furthermore, you should be ready for the high-interest rates and other unprofitable terms. If you need emergency personal loans for unemployed and bad credit, you will more likely have to agree with all disadvantages. Unfortunately, to improve your bad credit, you need a lot of time – you must show your responsible attitude, on-time payments, no loan rejections during a particular period, etc.
That’s why you should look for a suitable offer in all possible but reliable resources and you will definitely find something.
If you are not sure you can cover the interest rate and repay the loan on time, you need to consider other options of getting the money you need while you are unemployed and have a bad credit score.