One of the toughest responsibilities is to be a single parent. It is hard to raise children, especially for mothers who do it alone. In a 2003 survey it was found that approximately 10 million households are run by single mothers and about 2 million households by single fathers with these numbers increasing as the years pass.
Although 75% of these single parents have jobs, most of the time they are having difficulty making ends meet. Being a single parent, especially a mother, is difficult because you don’t just need to take care of your children, but also your home and your finances. The worse part is when the money you earn is not enough to suffice for the daily needs of your growing children.
So what financial resource can these single parents turn to? Having a part time job may not be a viable solution, because you will lose time rearing your children. Working overtime may not effectively work either. Seeking ways to earn an extra income becomes a difficult task for single parents. For single parents who have no money saved, why not consider applying for a payday installment loan?
Payday installment loans are beneficial for single parents who find paying for bills or attending to an emergency need difficult. Most single parents have a lot of bills to pay for to keep their households and to attend the needs of their children. However, there are uncontrolled circumstances that will arise, such as sudden medical emergencies, auto break downs or even past overdue bills that cannot be ignored in order to prevent disconnection or termination of services. These circumstances can be easily dealt with using a payday installment loan.
Payday installment loans are good sources for emergency cash because they can be conveniently applied for online and any time (24-7). Many single mothers find themselves in a situation where they face cash shortages and can not make it through to the next payday. With a payday installment loan, single mothers can have quick cash solutions to help them get money instantly unlike a traditional loan where it would take days before one can have access to the cash needed. After sending in the online application form and meeting the minimum requirements for the payday installment loan (checking account, proof of income or pay stubs, proof of personal identification and residence), you can have the cash you need instantly.
When you are approved for the payday installment loan, you can get the money instantly because it is wired into your account within the day of your application. This fast service is indispensable, especially when you need the money immediately. Also, single parents don’t need to worry about their credit rating since most lenders of payday installment loans do not approve loan applications based on these records, unlike a traditional bank loan. Single parents do not need to have a satisfactory credit score just to be approved for a payday installment loan.
Payday installment loans provide single parents a more affordable and convenient way to get financial relief despite the stressful situation they are in. Raising children alone is difficult, but struggling with finances alone is even more difficult.