I’m semi-considering doing something stupid. Please let me know just how stupid it is.
I have roughly another five months of unemployment available - I’m receiving the maximum amount - and no debt other than my car loan and a large tax bill that I was planning to apply for an extension on. I’ve been living on a cash/debit card basis for about a year now, but my credit is moderately bad from a bankruptcy and, more importantly, the continuing unemployment situation, and all of my old credit cards are long canceled.
Unfortunately, I also have basically no savings left or other easily liquidated assets (i.e. I’d have to hit eBay with random personal crap that’s not worth much in the grand scheme of things). And when I dropped off my rent check yesterday, my landlord asked if I had found a permanent job yet so that we could extend my lease past the end of May - the implication being that they’re going to have to start looking for a new tenant with a regular income pretty soon (an entirely reasonable position - I don’t hold it against them!). They’d kindly taken me in the first place because I could show them a bank statement with a number of months’ rent in savings, but I’ve slowly burned through that money on moving expenses, lawyer’s fees during the divorce, etc. They’re not going to want to extend the lease without me being able to show the same cushion. And moving is 1. difficult due to the aforementioned issues, despite having a current cash flow, and 2. expensive.
Obviously the best solution would be to get a job this month, but alas, as many people have noticed lately, that’s not that easy to pull off, despite my best efforts. I was planning on just scraping by for as long as my unemployment lasts, and maybe ask to borrow a month’s rent from my grandmother if something major and unexpected happened. (Obviously, if I don’t have a job by the time my last unemployment and/or tax bill extensions end I have a really, really big problem, but let’s leave that for now.) Unfortunately, that plan didn’t account for me moving again in another month and a half. And I’m pretty sure that I don’t have a relative or friend with enough free cash available to lend me a sizable chunk to show off for the landlord.
Mulling it over, I hit google on a whim, and discovered that there are web sites who advertise personal (non-payday) loans for the unemployed. I’m going to go out on a limb and guess that they charge usurious amounts of interest, but that could be acceptable to me under the circumstances. But I’m more than a little worried that these are actually scams. I’ve tried just googling the names and URLs, and haven’t gotten anything useful one way or another. Does anyone know anything about these loans in general, and/or any particular company specifically?