Social Security Loans Assistance & Options. lifh April 8, 2015 29 Comments Personal Finance. Getting financial assistance when on a low fixed income like social security can be difficult. Many lenders approval criteria filters out low income earners as their ability to service loans is lower than those on a higher income. Payday or commercial lenders, for example, may extend short-term loans to an individual awaiting a lump-sum Social Security Disability benefit. A firm offering a settlement advance charges interest to the beneficiary and may insist on a contract that assigns the lump-sum benefit to the lender as collateral. Cash Loans for SSI Recipients [Fast]. 1-877-625-2884 1. Getting a SSI loan can be highly valuable. There are a lot of marketers who will advise you to stay away from loans, but if you're in a bad circumstance that requires immediate monetary help, then a loan can be lifechanging. Step. Complete the interview process, if one is required. Step. Provide proof of your SSI income. This, along with your credit score and other information, will be plugged into a formula to determine the amount of assistance for which you qualify. Payday loans for social security, ssi recipients. Cash loans are designed for people who need cash fast. If you’re experiencing a real emergency situation and don’t have time to waste or you just prefer taking advantage of the information highway, online payday loans are worth considering. Many lenders are focused on making a quick buck. SPOTLIGHT ON LOANS -- 2019 Edition. Links to SSI Spotlights Home / Spotlight on Loans. WHAT IS A LOAN? A loan is anything you receive from someone that you agree to pay for at a later date. You can make the loan agreement with a lending institution such as a bank, or an individual, such as a friend or relative. See if you can get a payday advance while receiving social security benefits. We match you with lenders who can help you meet your short-term needs. Here are payday loans for disabled people on benefits which are specially made to support all disabled people if they are living on benefits Payday Loans With Ssi Benefits Since 2005, a number of companies have emerged that allow borrowers to connect directly with individual loan providers. Here's what it was like. Contact the agent to arrange an appointment. It is possible to get a loan on Supplemental Security Income (SSI), even if you don’t have a bank account. The most common type of available SSI loan without a bank account is a title loan.