American household debt exceeded $13 trillion in 2018. Credit cards alone account for 20 percent of all debt. Loans make up another 21 percent of this amount.
Considering these facts, it’s not surprising that getting a loan poses more challenges than ever before. Banks need to make sure customers can actually pay off debt. Being employed is often the most important factor in determining your creditworthiness.
The good news is, you can still get a loan without a job. However, you’ll likely have to show that you have investments, retirement benefits, or another source of income.
So what does it …Read More