 TITLE: How to Get a Loan if You Don’t Have a Job CONTENT: What Happens if I Don't Qualify for a Loan?\n-------------------------------------------\nIf you don't qualify for a traditional loan but really need some working cash, the following alternatives could help you get some money to help you with your financial needs:\n*   **Reapply with a cosigner**: Enlisting a friend or family member with good credit and regular employment could help you qualify for a loan But if you fail to make your loan payments, you could damage the cosigner's credit and cause them to be held responsible for paying off the loan.\n*   **Home equity line of credit (HELOC)**: If you're a homeowner and have been making mortgage payments long enough to have significant equity in your house, you may qualify for a line of credit that lets you borrow against it.  \n    A HELOC works like a credit card, allowing you to borrow against a set limit (a portion of your equity) and enabling repayment, with interest, in monthly payments of variable amounts. If you default on a HELOC, however, you can lose your home.\n*   **Car title loan**: If you own your car outright (you don't owe any payments on it), you can use it as collateral on a loan. But if you miss a payment on a car title loan, the lender can seize your car.\n*   **Cash advance**: Many credit cards let you make cash advances at ATMs, usually at an interest rate considerably higher than the one that applies to regular purchases.\n*   **Pawnshop**: Selling items of value through an online marketplace can be a way to raise cash quickly, but if that doesn't work, pawning or selling items of value at a pawnshop is another option.\nSudden unemployment can be a major source of stress, and a personal loan can help cover expenses so you can focus on job-hunting. Take care to borrow only what you need, and what you're sure you can repay once you're back on solid ground. END