The days of guaranteed credit approval from banks are over, but it is still possible to get an instant loan with bad credit from a specialist poor credit lender. While it's important to appreciate that this loan will be more expensive, they offer money for any purpose. There are also a variety of sources of credit with easy approval and small short term loans for unemployed people who need to deal with a financial emergency.

Guaranteed Credit Approval from a Pawnbroker

Pawn shops provide small short term loans to customers who are able to secure their advance based on the provision of an item of value. Common forms of collateral include gold, jewelry, electrical goods, watches and silver. It is normally possible to borrow 30% to 50% of the item's value.

It's an ideal loan for unemployed people as no proof of income is required. Once satisfactory identification has been provided, a fast advance loan and receipt will be provided to the customer. Failure to redeem the loan at the end of the term will lead to the loss of the collateral.