Like many American’s at the moment, you may need emergency cash for COVID 19. The pandemic has caused job loss and layoffs for individuals, and those who run their own business. The silver lining to the situation is that there have been assistance programs set up for relief from the financial impact caused by a coronavirus.
If you do not qualify for unemployment benefits or cash assistance/emergency cash assistance then you may have to look elsewhere to get the funds, in that case, loans, like personal loans, or title loans could be an option to consider. Below is more information on getting emergency cash for COVID 19.
Unemployment Benefits for Emergency Cash for COVID 19
If you are struggling because you have lost your job or loss of hours, then consider applying for unemployment benefits. In most cases, applying can be complete either online or over the phone. Because of the rise in claims, it is important to file as soon as you find out about your job status.
In most cases, processing takes a week or two, and then you’ll get a portion of your paycheck depending on a few factors. Keep in mind all states may work a little differently, and so contact your local unemployment office to get more information.
It may be helpful to know that through the CARES Act, unemployment benefits are available to independent contractors and other workers who are ordinarily ineligible for unemployment benefits. On top of that, there may be additional relief on top of standard unemployment benefits.
Small/Large Business Coronavirus Relief
In addition to helping individuals, the CARES Act provides relief programs and loan options for small businesses and larger corporations that were impacted by the Coronavirus.
You may qualify if you lose your job through no fault of your own.
Emergency Cash Assistance Programs from the Federal and State Government
Aside from unemployment benefits, there are other assistance programs that are set up to help those who need emergency cash. Here are a few to look into:
- TANF (Temporary Assistance for Needy Families) this federal program can help individuals who have one or more dependents, and/or are a pregnant woman. Those who qualify can get all kinds of financial assistance to take care of themselves and their families. From utilities, childcare, to the smaller expenses, TANF may be able to help.
- Cash Grants During the Coronavirus Pandemic There are cash grants that you can apply for that are meant to provide relief during the pandemic, In most cases, these are a one time thing.
- Food Assistance Programs EBT/SNAP (supplemental nutrition assistance program) /food stamps can provide food assistance to individuals and families facing food insecurity.
- Housing Assistance Through HUD if you are a homeowner and are having difficulty paying your mortgage due to coronavirus, there are options. HUD provides all kinds of living assistance programs to counter homelessness during this Covid 19 crisis.
- Medicare/Medicaid/CHIP this is low cost health insurance that can help you or a dependent if your health is impacted by the coronavirus.
Keep in mind that some of these programs have increased their funding to try to provide emergency relief to those who need it the most.
Look into Non Profit Organizations, Your Community, and Religious Groups to Get Emergency Cash for COVID 19
Due to that large impact across the United States, in all kinds of communities, people have come together to help one another, and those who need help the most.
When you need help contact a non profit that services your area, look for local assistance programs, and places of worship.
There is more help locally now, than there ever was, so start your google search, and apply for emergency assistance. Even if these places can’t give you cash outright, they can help reduce the costs that come with a pandemic.
Taking Out a Loan for Emergency Cash
In some cases, assistance programs may not be enough and you might need cash that you can use right away. In this case, taking out a loan may be an option to consider. Here are a few loan options that work well for fast cash:
Credit Card/Credit Card Cash Advances
If you have a credit card/credit cards that you can use for an emergency it might be a good idea to do so. In some cases, you may be able to also take out cash from your credit card.
Personal loans can be convenient because they can come in all kinds of amounts, and repayment terms. They are also easy to find, however, they may not work for everyone, as in general, having good credit is a requirement for most of them.
Borrowing from Friends or Family
Borrowing from friends or family members can also be another option for temporary relief so you can bounce back with your finances. A loan from someone you know could mean more flexibility when it comes time for repayment. Along with that, you may not have to pay anything in terms of interest rates.
Payday loans are secure using the borrower’s income. In general, these loans are about 2 weeks to a month long, and you can expect to borrow an amount that you will be able to pay back in that short amount of time. Be prepared to provide proof of income. and sometimes okay a one time transaction from your bank account. Even with bad credit, you can still be eligible for cash through a payday loan.
Title loans are a form of secured lending, which uses the borrower’s vehicle as collateral. Instead of focusing on your credit history, title loan lenders will focus on the value of your vehicle, your ability to repay the loan, and the gross monthly income that you have.
While making your monthly payments, you can keep and drive your vehicle. Once the loan is paid back in full the lender will remove themselves from your car’s title and the vehicle will legally belong to you again.
When looking for a title loan, begin with Max Cash Title Loans, the # 1 nationwide title loans marketplace. Our mission and the way that we operate is what sets us apart. We put our client’s needs before everything else. Instead, we help people all across the country connect with online title loans.
Applying for a Title Loan
Our process is fast and simple and can be completed with a few simple steps:
1) Apply for an Online Title Loan. Reach out to our team seven days a week, by text, call, or by going online.
2) Talk to a Loan Agent, Send in Some Documents. Talk to us about what you are looking for, and your vehicle. We’ll do the hard work of searching for the right lender. 5 Once a lender is found we’ll ask you for documents for final approval.
3) Get Approval and Get the Funds. Once approved with a lender, look over the loan agreement, sign the contract, and get the funds. 1 2
To make things as easy as possible during the pandemic, many of the lenders that we work with are now accepting unemployment insurance as proof of income. And so, even if you don’t have a job at the moment or income from self employment, you could still get the help that you need through a title loan.
Check out our FAQ page to get more information on title loans and how they could provide emergency COVID 19 relief.
Apply for Emergency Cash for COVID 19 Relief Right Away!
When your emergency fund cannot cover the costs that can come with the effects of Coronavirus or a health related COVID 19 emergency, you may have to look elsewhere.
With the first round of stimulus checks already sent out, many Americans are unsure how they will make ends meet. The good news is there are several options still available. These options include unemployment assistance, small business loans, non profit organizations, and local assistance. Additionally, loan options may also be able to help.
When applying for emergency cash, it will be helpful to do so right away. That way you can find out your eligibility quickly. Max Cash Title Loans is here seven days a week if you need assistance through an online title loan.2 5 Apply for a title loan right away and find out if it is the right option, to attain economic security during the pandemic.