what to do when unemployment runs out

What To Do When Your Unemployment Benefits Run Out

Do you know what to do when your unemployment benefits run out? Are you equipped with an organized plan, or do you intend to wing it until something comes along the way?

The latter choice may seem less stressful right now but approaching the end of your unemployment stipend is serious. After all, you may not be able to pay the rent if you don't find a job or more money. 

Some people may fall back to just asking friends and family for cash, or try getting a traditional bank loan, which is usually difficult without employment and a high credit score. Most banks want scores of 750 or higher, yet most consumers only have 710 or lower. So, what gives, and how are you supposed to survive after your unemployment benefits run out? Keep reading for some tips and ideas, including using your car title to get a quick online title loan

What To Do When Your Unemployment Benefits Run Out 

If you know what to do when your unemployment benefits run out, you'll feel more ready for things that life may throw your way. Better yet, you'll become more resilient and may learn how to prevent negative situations from happening in the first place. So, here are five steps to find a little more financial freedom: 

1. Figure Out How Much Time You Have

This means creating a budget that outlines your income and expenses in great detail. Try to figure out which things you need for survival versus which items you can live without. And since you want to be careful with your budget right now, consider cutting back where you can by canceling memberships, subscriptions, and entertainment. 

2. Get A New Job As Soon As You Can

You need a reliable source of income to get by in this world. So, whether you start your own business, launch an online store, or get a regular brick-and-mortar position, it's important to keep the money flowing to get by, pay your bills, put food on the table, and maybe save some money for the future.

3. Start Collecting Your Personal Financial Information

Your paycheck comes attached to a stub for a reason. You can use that document to prove how much money you earn at work, including the amount you've made year-to-date, which may help to get financial assistance. It also lists your taxes and deductions which can help you track your income with more precision. 

what to do when your unemployment benefits run out open a bank account

4. Open Up A Checking Account In Your Own Name

It’s smart to have a destination for the money you may make through a job or a business. You can go to the bank and open a checking account in your own name.

This also has the added benefit of getting a checking book that you can use for multiple purposes, including making purchases, proving your account, or setting up automated payments. 

5. Get An Online Title Loan For Urgent Expenses

An online title loan in Utah lets you use your vehicle's title to get a lump sum of cash in less than 24 hours. You don't need perfect credit to get one, and you can keep possession of your car as long as the loan is in good standing.

So, when you have some urgent expenses that need to be addressed quickly, an online title loan can be an option to consider.

DID YOU KNOW: You can get as much as $15,000 on the same day you start your process if you meet the qualifying requirements

How To Get An Online Title Loan

If you don't know what to do when your unemployment benefits run out but you’re having expenses that you really need to address immediately, an online title loan may be something to consider.

That's because it doesn't require employment to get approved, plus you can use the money to pay for the urgent bills or expenses and buy yourself some more time. So, here's how to get one:

online title loan

Step 1 - Submit Your Personal Information To Get Started

Utah Title Loans, Inc. makes this process as quick and simple as possible, with an online intake form and live chat options to help streamline the process.

To start, you can fill in the online form on Utah Title Loans, Inc. and an agent will take it from there. You'll be contacted within a few minutes with more information, and you'll also have a chance to ask any questions you may have. 

The agent will then set up a time to complete the rest of the process at a time that suits your schedule. So, if you start early enough, you may get your payment on the very same day. 

Step 2 - Provide The Required Items For Approval

To get approved, bring the following things to your meeting with the agent: 

  • The vehicle for a quick appraisal.
  • The lien-free title listed in your name.
  • Your driver's license or government-issued photo ID. 

After a quick inspection, you will be informed if you qualify, and if you do, you can get the loan the very same day.

Get Started With An Online Form

You don't have to worry about what to do when your unemployment benefits running out. You've got options, and some of them even allow you to get money on the very same day you start. Check your eligibility for online title loans today by submitting an online form.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

June Mckaig

June Mckaig writes articles on finance and budgeting, hoping to provide insight amidst the overwhelming crowds of information on the internet. She feels that with all this accessibility comes a lot of false data, and she would like to contribute astute, helpful input that she knows can help others. If you would like to learn more about June's research, read more here.