waiting period for disability benefits

How To Get Money Now During The Waiting Period For Disability Benefits

Disability benefits can dramatically improve the lives of many who cannot work full time because of medical limitations. But it can be a struggle to make ends meet and cover financial emergencies during the waiting period for benefits to start.

Thankfully, there are ways to help you cover that waiting period for disability benefits, though, including looking up a payday advance near me. So, let’s go over your options that can provide financial help during the crucial period between applying for benefits and having them kick in:

Getting Money During The Waiting Period For Disability Benefits

Look Into Other Forms Of Disability Support

Many policies come with a 30-day to a 90-day waiting period for disability benefits to begin. In the meantime, there could be other vital assistance available through a slew of programs offered by your city, state, or federal government.

Some of these programs include Temporary Assistance for Needy Families (TANF) or the Supplemental Nutritional Assistance Program (SNAP). A social worker can help you find programs you may qualify for during the waiting period for disability benefits. Another place to try: your local Department of Social Services. 

Use Your Own Assets 

Depending on how long your waiting period for disability benefits may be, it could be worth looking into your own sources that could provide financial assistance as you wait.

Options may include accepting assistance from family or friends, refinancing your home or taking out a home loan, or borrowing against your life insurance plan or 401k.

It all depends on what you’re comfortable with and the length of your waiting period for disability benefits. 

debt relief for disabled

Consider Debt Relief Services

A key to financial stability while going through the waiting period for disability benefits may be looking into various forms of debt relief services, to reduce financial burden.

Many swear by debt consolidation and debt settlement, but there’s also credit counseling available through multiple organizations. Credit counseling services can often help you create a realistic budget to assist you as you wait for your benefits and afterward.

Prioritize Other Forms Of Income

The waiting period for disability benefits is a great time to think about your earning potential outside of your previous job.

Keeping your particular disability in mind, write out some side hustle options that are still doable.

These could be selling homemade goods online, freelance writing at home, or — if your health allows — joining a personal shopping/delivery service.

Sell Your Stuff

Now that you may have some more free time during the waiting period for disability benefits, it’s a great time to take inventory of your belongings and put whatever you either never use or don’t need up for sale.

You can make good money from selling items such as furniture, electronics, and other high-ticket items that people will jump for at a reduced, lightly used price. 

Rent Your Space

While you may not be in a situation to rent out your home (or room) on popular sites like Airbnb or VRBO, there are other ways to cash in on the space you have available.

Several companies let you rent out any type of space — parking spots, sheds, driveways — for easy cash. It’s a great way to supplement your income during the waiting period for disability benefits with minimal effort required on your end.

Consider A Payday Advance Loan

Companies offering online payday loans present an option to help you during a financial bind. That’s exactly what we do at Carolina Payday Loans, Inc.

Designed as a short-term option for temporary financial emergencies — such as the waiting period for disability benefits — a payday advance is fast and simple when acquiring it from Carolina Payday Loans, Inc. So, let’s look deeper into what are payday advances and how to get one.

get a payday advance

What Is A Payday Advance Loan? 

A payday advance is an unsecured short-term loan. Carolina Payday Loans, Inc. can provide you with up to $550 when you provide a recent pay stub, a blank check from an active checking account in your name, and a driver’s license or government-issued ID.

Those are the only required items to potentially qualify for a payday advance. So, having a certain credit score isn’t a requirement. All credit is welcome when you request a payday advance loan, whether it’s a good or a bad score.

Whether you start the process on our website or through an in-store visit, it can take as little as 30 minutes to potentially receive a payday advance.

How Does The Payday Advance Loan Process Work?

It’s easy through Carolina Payday Loans, Inc. Either at one of our many locations or online by filling out the short quick cash online form on Carolina Payday Loans, Inc.

Once that’s completed, if you’re starting the process online a loan representative will call you to discuss the payday loan process and schedule a meeting with you. If you’re at one of our locations, they will do the same.

Either way, make sure you have the required items when you meet with the loan representative so they can review them to determine whether you qualify.

After evaluating your documents, the loan representative will inform you how much money you may qualify for, and you can complete your paperwork right there and receive your money the same day, or the following day depending on bank delays.

Financial Help Tailored To You 

When you’re waiting for disability benefits to kick in, overcoming financial emergencies such as medical bills, unexpected travel, or needed auto or home repairs can be difficult.

At Carolina Payday Loans, Inc., we’re here to help. Give us a call today or head online to start the payday advance process today. In as little as 30 minutes, much-need money could be on its way to you.

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

Emma Frost

Emma Frost is a lifestyle and finance blogger with a talent for communication and a passion for financial literacy. She uses her writing talents to explore topics that help her readers gain financial stability and growth.