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Traditionally, payday loan were only readily available for people whod steady jobs, as among the most critical requirements in getting accepted for a cash advance payday loan is a regular revenue stream. Though in recent years, creditors have now extended cash advances to people who do not meet the requirement of having a continuous revenue stream where the mortgage may be repaid. This is because you will find now some lenders who provide cash advances to unemployed people. However, although the cash advance that people get is somewhat just like the cash advances that are made available to unemployed people, you will find very marked differences, which have end up being the reasons why lenders provide these loans in the first place. The basis for the differences in the rates and the loan amounts is that because lenders consider unemployed people a greater risk. However, its because of the high costs and the low loan amounts which have made such loan products very popular among lenders, as they can end up being more profitable than regular cash advance loans they provide employed people. With all this, unemployed people who are hoping to get these kind of mortgage should make sure that theyve thoroughly considered the pros and cons in obtaining a cash advance loan.