How to Use ‘No Credit Check Loans’ if you’re in Between Jobs
Whilst Australia’s unemployment rate remains at around 5 %, a lot of Australians are continuing to lose their job each day. If you are currently in between jobs or looking to open a new business; a no credit check loan may just benefit you.
Here are some tips to help you utilize no credit check loans and get back on the financial track.
Join the sharing economy
In today’s sharing economy, anyone can earn extra cash. The rise of the sharing economy has seen an influx of new shared services such as Uber, Airtasker, and Airbnb. Individuals who have full-time jobs or unemployed can extra cash which can be used to pay back loans. Alternatively, you sell products through eBay or gumtree. The possibilities are endless. Having an additional revenue stream will help you in paying back a no credit check loan in time.
Here are tips in finding part-time jobs that can become better means of income in the future:
- Look for small employers/startups offering flexible work-hours and similar perks that big companies do not. Many startups also promote a work-life balance. Some even allow you to work from home as they have limited working space.
- Look for jobs within the community or church. There are many small-time jobs offered by these institutions that do not necessarily have high salaries. But, a few extra dollars a week is never a bad thing.
- Get into the sales world. There are many companies that would pay you depending on the number of sales you made. This can range anywhere from selling a service or a product.
- Apply as an in-house temp to a company that you really want to work for in the long run. Many companies promote people who have worked on a temporary basis. So give it your best shot, and who knows you might get hired permanently.
Start a small business
It doesn’t have to be big. In fact, you can start an online shop, a small photo studio or become a dog walker.
There are many perks of starting your own business: you can pursue your passion and work at the convenience of your own home. Whilst there is alway capital required for starting a business, some small businesses have very minimal upfront costs.
With a little capital, you can start your own business which will give you more time to spend with your family and customers. But remember that you are your own boss – if you slack off, your profits will decrease. If you resent the traditional 9 to 5 working hours, make sure that the hours you set for your work suit the needs of your customers.
Startups, no matter how small need fresh and unique business ideas that customers would want/need. It is important to establish the real value that your business will offer customers.
Save money to earn more
Come to think of it, if you take out no credit check loans to pay off high-interest loans, it’s just like earning money without doing anything. You can then use this extra money for other obligations and needs.
Learn new skills
Instead of worrying if your money can keep you afloat while you ignore your debt collectors pounding on your door, get some skills to get the job fast. Start enhancing your skills by attending short-term courses and training. If you have a part-time job, consider learning online. Universities, TAFE, and private colleges offer a range of online courses from marketing, coding to legal admins. If this is too expensive for you, there are cheaper alternatives. Youtube is a great platform for learning new skills and software.