Can you get a payday loan without a job?

Quick Answer Yes, you can get a payday loan without a traditional job. Some lenders may consider alternative sources of income, such as government benefits or regular deposits, as sufficient for loan eligibility. However, you should explore other financial options before seeking a payday loan.

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Tobi Opeyemi Amure Answer updated on Aug 9, 2023

Fact checked by Doreen Dumesle

Yes, it's possible to get a payday loan without a traditional job.

But, in order to qualify, you still need to show that you've got some sort of income rolling in to be able to repay the loan.

Learn: Can I get a payday loan without direct deposit?

A few alternative sources of income that most payday loan lenders will consider adequate are:

  • Government benefits
  • Pensions
  • Regular deposits (like a spouse's salary going into a joint account)
  • Alimony or child support
  • Income from a rental property
  • Self-employment or gig work

So, even if you are unemployed, your odds of approval are still high as long as you have some kind of recurring income.

Learn: Can I get a payday loan with unemployment?

Note: This can vary based on your state and its regulations. So, while a payday loan lender in Texas can accept child support receipts to grant your loan request, another lender in Ohio may not. Talk with a payday loan lender in your area to find out the specific income requirements for your state.

Also, remember that payday loans should never be your first port of call. They come with hefty APRs and fees, making them an expensive way to borrow. Before you decide to go this route, make sure to explore all of your other options like installment loans.

So — while it's technically possible to get a payday loan without a job — it's crucial to think this decision through, be sure you can truly afford to repay the loan, and ALWAYS read the terms and conditions of the loan thoroughly before signing on that dotted line. 👀📝

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