Loans For Single Mothers: How Payday Loans Can Help Moms Pay Their Bills On Time
October 5, 2021 | Daniel Dewitt
Are you interested in loans for single mothers? Then this post is just for you!
It’s not a secret that being a single mother is tricky at the best of times. Often, you will have a strict budget that you need to stick to. This means that if you do end up facing emergency expenses, it can be difficult to deal with them. Luckily, there’s an option allowing you to borrow cash on short notice, and that’s what we’re going to talk about in this article.
All You Need To Know About Loans For Single Mothers
Why Is It Difficult To Obtain Loans For Single Mothers?
Many single mothers find it difficult to obtain a loan from a traditional bank. There are a few reasons for this. The first is that many single mothers do not have a regular income. When you are looking after children on your own, it is not uncommon to work a part-time job.
Due to the huge expense of taking care of children, many single mothers do not have the best credit score in the world due to multiple missed payments, and traditional loan institutions are not massive fans of this. Though, it doesn’t mean that if you’re a single mom with poor credit, you’re doomed: there is always a way out.
What Loans For Single Mothers Are Available?
Thankfully, there are still options out there, and one of them is payday loans. With payday loans, you can borrow cash to cover emergency expenses. This may mean:
- Covering the cost of repairs or replacement of appliances
- Car repairs (especially important when you have kids!)
- Medical expenses e.g. prescriptions
Basically, payday loans can cover the cost of anything that simply cannot wait until the next payday. These loans can be beneficial to single mothers for 2 reasons:
- You may be able to obtain one with a part-time job
- Applicants with all credit types are considered. This means that you do not have to worry too much about having a bad credit history.
With some lenders, like Fast Payday Loans of Kentucky, LLC., you can provide alternative proofs of income, such as social security benefits, alimony, unemployment benefits, and still be approved. All that matters is that you have some money coming in every month and can prove it with an appropriate documentation.
How Do You Get Loans For Single Mothers?
As mentioned above, Fast Payday Loans of Kentucky, LLC is a provider of payday loans in Kentucky.
One thing that is very apparent to us is the fact that many single mothers do not have a huge amount of time to spend on a loan application. They do have children to deal with, after all. This is why we ensure that the inquiry process for our payday loans is as fast as possible. Let us walk you through it.
It is all going to begin with filling in a short online inquiry form. This is when we get to know a little bit about you. We will also learn where you are located. This will allow us to match you up with the best borrowing location in your area.
Once you have filled in your details, a representative from your closest borrowing location will contact you via phone. They will normally call within a few minutes. This is when we get to learn a little bit more about you. We will also help you to determine whether a payday loan could be an option for you.
If you wish to move forward with the process, you will be asked to come to the local Fast Payday Loans of Kentucky, LLC location. Here’s what you’ll need to bring with you:
- A blank check from an active checking account in your name
- A proof of income (either a paycheck or alternative proofs of income)
- Your driver’s license or state-issued ID.
If everything is in order, then you can receive cash either that same or next day.
Here’s How You Can Benefit From Payday Loans For Single Mothers
Depending on your income, you can get up to $500 same day cash.
Our process can take as little as 30 minutes. This means that payday loans could help you to cover the expenses that need to be covered right away.
All credit types are accepted. So, if you are a single mother who has missed a bill payment or two, this shouldn't be a huge issue. The most important thing is that you have the ability to repay your loan.
We have helped single mothers throughout the state of Kentucky cover emergency expenses. We may be able to help you too.
Inquire About Payday Loans For Single Mothers Today
Loans for single mothers are tricky to get hold of if you apply through a bank. Payday loans can be an alternative in this case. Start the inquiry process with Fast Payday Loans of Kentucky, LLC today. We may be able to help you borrow cash to cover expenses that need to be covered right away.