Flexible work, freelance jobs, and temporary employment is commonplace today. In what some call a “gig” economy, the next paycheck is not guaranteed and individuals may find themselves in a financial bind between gigs.
An interest-free loan can be a helpful bridge between paychecks to pay for expenses, emergencies, or ongoing obligations, without incurring additional fees or charges of a traditional, credit card, or payday loan. Interest-free loans for $3,500 are available with one guarantor and loans for more than $3,500 require two.
At Jewish Free Loan, we rely on guarantors instead of collateral to secure your loan. A guarantor is someone who can guarantee to pay back the loan if you do not. A guarantor is at least 25 years old, lives in California and has a credit score of 680 or better. A friend, family member, or employer are examples of a guarantor.