How to Get Money Now During the Waiting Period for Short Term Disability Benefits

There is a waiting period for short-term disability benefits. This elimination period, as it is known, can be around 7-days from when your disability is determined. However, in some cases, it can be a little longer than that.

Of course, during the waiting period for short-term disability benefits, you will not be receiving any money. This means that your bills and food expenses will still need to be covered, and you might need some cash to tide you over. But there are options that can help you in that case, and we will cover them in this post.

Here’s How to Get Money ASAP During the Waiting Period for Short-Term Disability Benefits

1. Have a Yard Sale

Yard sales are one of the fastest ways to get cash on short notice. Search your home for small items that you can sell, which you can easily pick up and transfer, considering your current health conditions and any movement restrictions. These can be books, clothes, or home accents and accessories. Make sure to organize and clean them before selling them. It might be easy to throw everything in a messy jumble, but it surely doesn’t make a shopping experience enjoyable for your potential customers.

2. Get a Roommate

If you live alone and have an extra bedroom in your house, you can raise cash on short notice by finding a roommate. Depending on the city and area where you live, you could charge up to $1000 per month for renting out a room. Besides, you could make new friends this way.

3. Friends And Family

As difficult as it can be for some, asking friends and family members to help you out can be a good choice. They know that you are on disability as well as they do know that you may be strapped for cash. If you let them know that your disability benefits are going to kick in within a couple of weeks, they might be able to lend you some money.

4. Get a Cash Title Loan

If none of the options mentioned above is right for you, then you may want to look into cash title loans. With cash title loans, you will be borrowing cash against the value of your vehicle. This can provide you with access to much-needed funds during the waiting period for short term disability benefits.

What Is a Cash Title Loan?

A cash title loan is a short-term type of loan that you can get using the title to your vehicle as collateral. To qualify for a title loan, you need to be at least 18 years old and outright own a vehicle. The title to it should be lien-free and in your name. 

Who Qualifies for Cash Title Loans?

Since you are going through the waiting period for short-term disability benefits, we know that you are not going to have any income. This means that we do not need you to provide proof of income. All you need to do is supply the following:

• Your ID
• A lien-free title to your vehicle
• Your vehicle for a quick inspection

We will also need you to meet us in person at one of our offices. This way we can check your vehicle. However, if driving is difficult for you, you can get a title loan online. Just pick a location that’s comfortable for you, and our representative will drive to meet you there. With our online title loans, no store visit is required.

A cash title loan is available to those with bad or no credit. So, don't worry if you have missed a couple of bills or maxed out your credit cards while waiting for your first disability check to come through. We consider people with all types of credit.

If we need any extra information from you, one of our representatives will ask you for it during the application process. Although, in almost all cases, everything we have listed here is all that you need.

The Benefits of Cash Title Loans

There are several reasons why you may want to look into a cash title loan through us here at Missouri Title Loans, Inc.

• Can borrow money quickly. You can have access to cash in as little as a few hours.
• You do not have to provide proof of employment, which is great if you are waiting for disability.
• You may be approved even with bad credit. This can be great for those who have missed a few bill payments due to their disability.
• The amount that you can borrow is determined by the value of your vehicle. You can borrow up to $15,000.
• You do not lose access to your vehicle. You can keep driving it, even while you are still paying off your loan.
• The loan is not reported to the credit agencies. This means there won't be a hit on your credit score.

Get A Cash Title Loan Today

Looking for a loan while in the waiting period for short-term disability benefits? Fill in our inquiry form for same day title loans on our website today. A member of the Missouri Title Loans, Inc. will get back to you to walk you through the application process. You could have access to the money that you need today.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.