Can You Get a Cash Loan With Your Disability Benefits?


Quick Answer

Cash loans are available for people with DDS benefits, notes Disability Loans. Poor credit ratings do not prevent a person on DDS from applying for cash loans.

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Full Answer

People collecting DDS benefits are in a good position to receive cash loans because, regardless of the economy or unexpected circumstances, they are guaranteed a fixed, regular income of their DDS benefits, according to FaxlessLoans247.com. Some of the disability loans are known as "payday" loans, referring to the monthly deposit of the DDS benefits into a checking account. A loan application can be filled out online, and in the case of FaxLessLoans247.com, a representative contacts the potential borrower to discuss the details. If the submitted application is approved, the borrower can receive the loan the same day.

Potential borrowers collecting DDS benefits must be 18 years of age or older, explains Disability Loans. The borrower must be receiving benefits for the past six months and maintain an active checking account. The loans may be used for paying outstanding medical expenses or other things. There are no stipulations as to how to use the loan. The application for Disability Loans is online, and consumers can negotiate the interest rates and repayment options. There are many websites offering cash loans to people receiving DDS; compare specific details of each offer for the best option.

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