How to Payoff Your Debt on Unemployment

07:34 AM September 04, 2019

What to do next when you’re dealing with unemployment Benefits? Payoff Debt on Unemployment is not as hard as you may think,  you are probably concerned about paying your bills and paying off your debt.

Your savings may not be enough or you may simply not want to spend all of your money to support yourself while you look for a new job.

Filing for unemployment benefits is one option that could help you to make ends meet while you look for a new job.

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Unemployment Benefit Programs Vary By State
Unemployment Benefit Programs Vary By State

Unemployment benefit programs vary from state to state. Depending on the state in which you live, you may have an option to apply for assistance by phone, internet or via regular mail.

The procedures to file for unemployment in your state can usually be found by visiting the labor department website for your state.

Alternatively, you can visit a branch office.

If you have moved to a different state since you were previously employed, you should apply for unemployment benefits in the state in which you worked.

I will have the list of the states available for you at the bottom of this article!

Unemployment Benefits Eligibility
Unemployment Benefits Eligibility

The eligibility requirements for receiving unemployment benefits at a minimum are that you were terminated from a previous job without any fault of your own and that you are actively looking for a new job.

Because of the differences between states regarding unemployment benefits eligibility, you may need to meet certain criteria in order to be considered eligible for the benefits.

The most common issues that might make you ineligible for unemployment benefits are that:

  • Fired from your job or you quit.
  • You were suspended from your job or you are currently on leave of absence.
  • If you failed to report to work.
  • Self-employed.

If you do not fall into any of these categories, you are probably going to be able to meet the most basic requirements regarding eligibility for unemployment benefits.

However, the final decision lies with the unemployment office for your state.

Process for Determining Eligibility
Process for Determining Eligibility

After you have met the basic requirements for eligibility, in most states you will be required to come to the office of unemployment in order to complete the interview portion of the claims process.

At this point, you may be denied for benefits. However, there is the option to appeal the decision of the office.

If you are considering filing a claim for unemployment, it is important to get prepared.

This way, you can increase your chances of being approved for unemployment benefits.

How to Prepare to File an Unemployment Insurance Claim
How to Prepare to File an Unemployment Insurance Claim

Before you initiate the process of filing a claim, you will need to gather some important paperwork.

Some of the most common documents that are required for the claims process are:

Your Social Security card and number.
Your former employer’s contact information.
Form W-2’s and paystubs issued by the employer.
Employer Identification Number (EIN) of your previous employer.
Your driver’s license or state ID.
If Applicable your work permit, if you are not a US citizen.
Updated contact information.
Bank account number where you want the unemployment benefits to be sent to.

After you have gathered all of this information, you can proceed with the claims application. If you have questions about the process, get in touch with the office of unemployment in the state of your claim for assistance.

Make sure that you decide whether or not you want taxes to be withheld from the payments. You may be liable for tax payments on the funds received if you do not opt to take out taxes from each payment.

Payoff Your Debt on Unemployment
Benefit Payments

After your claim has been approved, you must file each week in order to continue receiving the benefits.

Skipping a week of filing for benefits can result in the closure of your claim, which means that you may need to reapply.

Every state has different rules for how the benefits payments will be made.

It is important that you figure out how the funds will be delivered to you so that you can ensure the timely payment of your bills and Payoff Your Debt.

As you receive benefits, you can also check the status of your claim by accessing your claims account.

Check if you qualify in two simple steps

  • Step 1 – Select your debt amount below to see if you’re eligible
  • Step 2 –Answer a few quick questions & join hundreds of thousands of Americans on the path to becoming debt-free

Get the Assistance You Need
Get the Assistance You Need

Unemployment benefits are there to help you make ends meet when you don’t have a job.

It is important that you search for and apply to jobs continuously while you are receiving benefits.

Not only do some states require proof that you are actively looking for a job while receiving benefits, searching for jobs daily will help you to get interviews faster.

The unemployment office in the state of your claim can provide you with tips on locating jobs.

No one likes to feel down and out as you might while considering applying for unemployment benefits. However, if you really need assistance, don’t skip paying for your bills.

Getting behind on your bills comes with an entirely different set of problems that you simply don’t need when you are already dealing with the stress of trying to find a new job.

Apply for unemployment benefits and get help while you get back on your feet.

if you need assistance with your bills or debt, it may be smart to speak to a financial consultant to further assist you on how to Payoff Your Debt on Unemployment.

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