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Unemployment Loans Are Survival Through Hard Times Of Unemployment

AGORA 2013: What could EU do to fight youth unemployment?
unemployment fund
Image by European Parliament
Eugenia-Simina Faur, Romania/24/Student-Unemployed: "EU countries receive the funds to fight unemployment, but they should be trained to know how to use them"

More on Agora 2013: www.europarl.europa.eu/news/en/news-room/content/20131107…

This photo is free to use under Creative Commons license (CC) and must be credited: "© European Union 2013 – European Parliament" (Attribution-NonCommercial-NoDerivs Creative Commons license). For HR files please contact: webcom-flickr(AT)europarl.europa.eu

The loss of job is just a temporary problem this can be defeated by finding some or the other alternatives of finance. It happen many times that acquiring a loan becomes difficult. When you don’t have any source of income then your possibilities of receiving a financial support is impossible. Now you need not to be worried about cash as concerned about financial support.

Did you ever heard about unemployment loans? Are you aware of it?
Is your answer is a big ‘NO’ then let me introduce you about unemployment loans. The title ‘unemployment loans’ itself describes that this loan is designed and developed for the unemployed person. This fund would work as a real time financial support for the people who is non salaried. When one lose the job and is striving to find some temporary outcome of finance, then the unemployment loans can provide the financial assistance.

Where will you find the unemployment loan which would be apt for your problems?
I would suggest you for loan to unemployed. This service provider is a specialized unemployment loan provider. They have a wide market of loan. You are free to choose the one which would best suit you and can fulfill your requirements. They will offer your cash whether your credit history is good or bad. They will offer you loan that this funds can raise you and convert your minus into plus.

This is only possible due to its various loans which are well-designed as per the requirements. In case you have poor credit history and are jobless then this becomes tougher to qualify for a loan. Before applying for a loan you must execute a market research for the different types of brokers and loans available on the market. This study of various loans will assist you to offer the best deal which will suit you.

Unemployment loans are of different types which are available according to the needs of the borrower. The range of the funds available is different from lender to lender. Secured unemployment loans are also available where these loans are secured against the loan amount and are collateral to those funds. Many other unemployment loans available are loan for jobless, loan for unemployed, online unemployed loan, guaranteed unemployed loans, bad credit unemployed loans, bad credit loans for unemployed, unemployed loans in low interest rate.

Receiving loan is just a temporary source of income; you must be capable of utilizing this loan amount to put into some better ways. In this manner you can overcome the situation for the permanently. This can be only possible with the proper planning and efforts to utilize it respectively. The person is supposed to understand the necessitate of proper use of funds because when it comes to next stage of repayments this will again tend him to the same situation but this time it will be more critical.

Hamish Serum is a personal loan consultant and is associated with the unemployment loans. He has helped lots of them to overcome from the financial crisis. unemployed tenant loans, unemployed cash loans, and unsecured loans for unemployed and then visit us Loan To Unemployed Co UK

Workers who become unemployed have the right to claim from the UIF. Workers must apply and will be paid at the labour centre of their choice.

Application
The Unemployment Insurance Act and Unmployment Insurance Contributions Act apply to all employers and workers, but not to –

workers working less than 24 hours a month for an employer;
learners;
public servants;
foreigners working on contract to be repatriated at the end of their contract;
Employees in receipt of an old age pension are; since 07/02/2007, no longer excluded from contributing towards UIF or
workers who only earn commission.

Domestic employers and their workers are included under the Act since 1 April 2003.
See

Unemployment Insurance Act No. 63 of 2001

Provides security to workers when they become unemployed.

Claiming
Who can claim?
You cannot claim if you get —

benefits from the Compensation Fund;
benefits from an unemployment fund under the Labour Relations Act;
or if they —
are suspended from claiming because of fraud;
quit their job;
do not report at set dates and times; or
refuse training and advice.

Workers can claim if their —

employers are bankrupt;
contracts are ended; or if they
are fired.

Domestic workers can also claim if —

they work for more than 1 employer, and loose their job at one of the employers; or
their employer dies.

Workers must register as worker-seekers (see How to Register as Work-seeker) and be available for work.

Based on legislation in Section 14, Section 16, Section 36, of the Unemployment Insurance Act
When must I claim?
Workers must claim within six months after they stopped working.

Based on Legislation in Section 17 of the Unemployment Insurance Act
How long can I claim for?
Workers can claim from the day they stopped working until their benefits are used up or they start working again.

Based on Legislation in Section 15, of the Unemployment Insurance Act
How do I claim?
Workers must fill in the application forms and, together with other required documents, hand it in at a labour centre.
Benefit Payments
How will I be paid?
Benefit payments will be paid to the contributors bank account.

Based on legislation in Section 18, of the Unemployment Insurance Act
Tax
No tax is payable on the benefits.

Based on Legislation in Section 34 of the Unemployment Insurance Act
Overpayments
If you get more money than you should, you must pay back the extra money.

Based on Legislation in Section 35, of the Unemployment Insurance Act
When the UIF May Refuse to Pay
The UIF may stop paying you benefits if you refuse to:

accept a job;
go for training; or
go for advice.

Based on Legislation in Section 18, of the Unemployment Insurance Act
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