Are you worried about how you are going to make it o the next payday? Well, you could be many in that state. Millions of Americans live from paycheck to paycheck—which is not a good idea, though.
You will often find that many are unable to cater for an emergency bill of around $500. However, that should not bother you because I’ll show you the best cash advance apps with unemployment benefits today.
So, I got you covered if you need a cash advance loan or an unemployment loan.
The best cash advance apps with unemployment benefits
Viva Payday Loans
Viva Payday Loans is not a direct lender. Instead, it’s a platform where they will help you get to potential lenders who will give you the cash advance you need.
On this platform, I would call cash advance payday loans. So if you have nowhere to turn to at the middle of the month, you can always go to Viva Payday Loans. On the site, you will get a decision within two minutes. And that assures you that your emergency will be out of your way soon enough.
The APRs on this site is not more than 35.99%. In addition, if you need a loan and you are not employed, then you can still get an unemployment payday loans 1 hour with Vivapayday.
Earnin App
Earnin is an application that will track the hours you’ve worked for and give you cash advance wherever you need it. If you want a short-term loan with lower fees, the Earnin app is the app to download today.
In the app, you will get short-loans starting from$100 up to $500. With this app, you don’t pay any fees while getting the cash—they give you what you’ve worked for since the start of the month.
After you give the app permission to link to your bank, it will track your monthly income and calculate how much you earn per hour. Therefore, it will allow you to access the amount of money you’ve worked. Once your paycheck gets into your account, Earnin will withdraw their money automatically.
Earning also has a feature that can help to notify you when you have a low balance in your checking account. And that prevents the risk of overdraft fees.
Dave app
The Dave app will allow you to get small cash advances when you have no money in the middle of the month. In addition, the loans have no interest rates attached to them.s
If you have a Dave spending account, you will access amounts from$5 to $200. However, without the spending account, you will only access up to $100. Once you get access to your paycheck, the app will automatically deduct the cash.
However, dave charges monthly fees of $1. In addition, if you want to get your money faster, you will pay a cost of $1.99 to $5.99. There is also an optional tip of 20% of the total amount borrowed.
If Dave notices that your expenses can exceed your income, you can apply side hustles on their site. This option is good because they want you to gain financial freedom shortly. So, in case you lose your current job, at least you will have somewhere else to lean on.
Brigit
Brigit app is good if you also need budgeting options. First, the app tracks your monthly income and expenses. Afterward, it transfers the balance to a savings account.
If you want to connect your account with this app, your checking account should have active income from one employer for the last two months. This precautionary measure by Birgit ensures that they don’t land to someone who doesn’t have a steady income.
If you need a short-term cash advance, the app allows you to get up to $250 before your next paycheck. The app will charge you a 9.99% interest rate per month.
To repay the loan, Brigit deducts their money automatically after you receive your next paycheck.
MoneyLion
MoneyLion allows you to get your paycheck two days earlier than the expected time. In addition, the app will not charge you any interest rates at all. However, you will only get up to $250.
Once you apply for the loan, you will access it within 48 hours with no monthly fees associated. However, if you need your cash instantly, you will pay a fee of 3.99% if you already have an account with them.
Bottom line
Getting cash advances is more accessible nowadays. But, remember that your monthly paycheck will reduce if you take some amount in the middle of the month.
Remember, living paycheck to paycheck is a big mistake that could stagnate your financial growth. So, you can focus on creating more income sources, and with time, you will be financially free.
