On average, a successful job search takes around five months. No matter who you are, it's almost assured that you'll be unemployed sometime in your life. Although the money stops coming in, that doesn't stop the bills.

If you're unemployed, maybe you're considering a loan to purchase a car for more commuting options. Or you might need a bit of cash before your first paycheck comes in. But do lenders even offer loans for unemployed workers?

The answer is yes. There are some caveats, but it's possible to navigate the world of unemployed loans. Even when you're unemployed, there are some simple steps you can take to be a responsible and worthwhile borrower.

Before you get a loan, you should be sure it's your only option. Limited or no income can make it difficult to pay back your loan. Even if you believe employment is just around the corner, you'll be in a bad situation if anything falls through.

Exhaust all other options before seeking a loan while you're unemployed. This is as simple as applying for unemployment benefits and asking friends and family for a helping hand. Contact us to see how we can help you.

Many financial institutions will flat-out deny loan applications for the unemployed. When a bank isn't sure that a borrower can pay back the loan, they aren't likely to offer one in the first place. Even so, it's possible to snatch up a loan under the right circumstances.

If you have no debt, a stellar credit history could swing the scales in your favor, as this is something banks consider. However, income is the most important factor that determines the success of a loan application.

When you're unemployed, you don't have a steady income. Or so you think. Banks absolutely consider alternative incomes when processing loan requests.

Are you receiving steady payments in any way, shape, or form? They'll be essential to qualify for a loan. Even unsteady payments from freelancing could convince a bank that you are a trustworthy borrower.

For example, are you receiving unemployment benefits? As far as banks are concerned, government welfare qualifies as income. If you're receiving payment from a legal settlement, this can also show lenders that you have the cash to pay them back.

Also, consider social security and investment dividends. As long as someone is paying you, most banks will be happy to do business with you.

Do you have a job lined up, but it hasn't started yet or you haven't received your first paycheck? Talk to a lender in person. As long as they can verify your employment, this could be enough for most institutions.

Before you seek a loan, you should figure out how much cash you'll need. Don't take out an arbitrary loan, or you'll just be paying interest on the money you can't use.

While you're unemployed, it's easy to harm your credit. Don't miss any bills or accrue debt if you can help it. Do you already have bad credit? Thankfully, bad credit loans are available.

Next, it's time to find a lender. Seek well-known, reputable lenders that offer loans in the range you're looking for. In case anything goes wrong, you'll want to shop around to find loans with the lowest interest rate possible for your credit score.

Once you've decided on a lender, seek out their website. Some lenders allow you to apply for a loan online. Otherwise, you'll need to head to the bank in person with proof of income and identity.

If you truly have no form of income whatsoever, some lenders offer secured loans. With a secured loan, you offer a possession as collateral. In the event that you default on your loan, the lenders will repossess the item.

Personal loans are available for the unemployed. However, they come with a steep interest rate.

Payday loans tend to be predatory. Unless you know for certain you can pay back the loan right away, it's better to avoid them.

Don't want to pay high-interest rates, or want to avoid the stress of a secured loan? You do have other options.

For example, you can have a friend or family member cosign a personal loan. Although you may not have the income to pay the bank back, the cosigner will be responsible for the payment if it defaults.

Most banks are happy with this arrangement, and you'll be happy too since it's an easy way to snag a loan with a reduced interest rate.

Credit cards have interest rates that are typically higher than traditional loans. However, if your card has low interest, or you are receiving a 0% APR offer, your credit card can offer some money in a pinch.

If your credit history is good enough, you might be able to qualify for a new 0% APR credit card, even while unemployed.

Even when the worst occurs, you do have options. Many lenders specialize in loans for unemployed people. With the right payment plan in place, it can be a safe way to pay off some mounting bills while you're between jobs.

No matter how much you plan on borrowing, be absolutely sure that you have a guaranteed way to pay it back. Otherwise, you could cause irreparable harm to your credit score and land in some financial hot water.

Is your first paycheck far away? Cover your current bills with a smart personal loan from one of many specialized lenders. Even if you're unemployed, a loan could be just a few clicks away.