FinanceCreditLoans
ANSWERS: 3
  • Usually welfare checks and unemployment checks are seldom enough money to justify any kind of loan if that is your sole source of income. Depending on the situation, alimony as your sole source of income can qualify you for a loan provided that the payments are high enough. Like if you are a woman who divorced a rich man and you are getting alimony payments of $19,000 a month then getting a loan is very likely. On the other hand, with welfare and unemployment, thats barely enough money to survive let alone getting a loan which is very unlikely. Not impossible- Just very unlikely.
  • Unemployment is temporary. Welfare is not considered income. Only alimony is considered income so it would depend on how much alimony one is receiving and the length of time one is receiving it. All this aside given todays market - unlikely to get a loan.
  • disability SS benefits are also counted

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