 TITLE: How to Get a Loan if You Don’t Have a Job CONTENT: What to Consider Before Taking Out a Loan While Unemployed\n----------------------------------------------------------\nBefore taking out any loan, regardless of your employment status, it's important to be honest with yourself about your ability to fully repay the loan as agreed. Missing just one payment can do significant damage to your credit, and defaulting altogether will put a major blot on your credit history.\nBe realistic about your ability to cover the monthly payments for the life of the loan. If there's any doubt, consider skipping the loan or borrowing a lower amount you can comfortably repay.\nDepending on the nature and volume of your income sources, lenders may consider your unemployment reason for caution, which could cause them to alter their loan offer in several ways, including:\n*   Lowering the loan amounts you're eligible for\n*   Expecting full repayment of the loan in a shorter period of time\n*   Charging higher interest rates and possible origination fees to offset costs of pursuing payment if you default on the loan\n*   Requiring payment via automatic deductions from your bank account to reduce the chances you'll miss a payment END