Today you’re going to learn how single mothers can apply payday loans to survive during financial crisis.
You’re also going to learn:
Let’s get started.
Single mothers are at high risk of financial hardship which may have negative impact on their psychological wellbeing and others.
Some of the impacts of financial hardship on single mothers include:
It’s hard to know if you’re doing a good job as a single mother, especially in a state of financial unrest.
These are some of the many questions that would be going through your mind as a single mother going through financial crisis.
What would really help you at this point would be to surround yourself with other mothers like yourself. You can get inspired by some of their pitfalls and share your experiences with them as well.
You have to remind yourself as a single mother that no one is really perfect, and boast to yourself that you are at least doing something right in making your kids happy, the best way that you can.
Don’t be ashamed to cry also, if you have to – but remember to get back up and be the best mum that you know how to be.
Managing financial crisis as a single mother may lead you to get side-jobs to your already 9-5 job.
This will leave you really stressed out after a day of consistent work, all just to come back home to pending bills and household expenses.
This can be really difficult to deal with, especially as a single mother.
The worst part would be, having to come back home to undone house chores, dishes, etc., especially if you have kids that are teenagers.
To deal with this, first make your kids understand what is going on and educate them on how helpful they can be to you.
If you have teens as kids, get them to get a job to help cater for some household expenses – but never let your kids see your weakness, you have to remember that they are looking up to you as their hero.
It’s also important to exercise regularly to help deal with the stress, at least 4 times in a week – even if it means doing it at home, in the morning, or after bedtime.
This is always bound to happen.
Due to all the stress and anxiety that would be placed on you, you’re bound to make some really bad decisions; and it’s at this point that you should communicate with your kids and get the best support from them.
This will also help to create a better relationship between you and your kids as they won’t be scared to approach you when they have some tough decisions to take themselves.
It’s almost easy to know when a single mother is going through financial crisis.
This is because situations like this are usually accompanied with you forgetting to take good care of yourself.
It’s important at this point to take good care of yourself – take at least one hour in a week just to do something really nice for yourself.
You could just go out for a walk to connect and make new friends; this would help you reconnect with who you were before you became a mom.
The following are ways in which single mothers can survive financial crisis:
As stated earlier in the post, as a single mother trying to deal with financial crisis, you have to understand that you are doing this on your own, with no partner there to assist you – so why not grab a little hustle?
Don’t be scared to get your hands dirty – there are single mothers collecting scrap metals on weekends, and selling them to help pad-up their incomes.
We are not telling you to start collecting scrap metals on weekends, but in order to understand how to grab your hustle, you have to understand your skillset, talents and interests.
If you love cooking, you could offer that as a side-gig and earn some extra dollars from that.
Childcare costs can be really exorbitant, and there’s really nothing much you can do to get around them, especially if you’re working full-time.
Instead, you can find a friend and substitute between babysitting your kids in the weekends, which would give you a well-deserved break, at least twice a monthly expenses.
This’d also save you up to $100 monthly – money which could be applied to cater for other household needs.
Don’t be shy to ask for assistance when things get really tight at your end.
You can always ask for help from family and friends, even your colleagues at work.
Finally, a payday loan Las Vegas is not so far away – as a single mother, you can get up to $5,000 in funding credited to their bank accounts in less than 24 hours after approval.
Disclaimer
Short term loans are emergency credit loans that have been designed for short term financial issues.
The loan amount is small and limited to a fixed upper limit. The loans are exclusively created for the short term and will become expensive burdens when extended and used for long-term purposes.
The operators of Instant Payday NV are not lenders. We are neither a bank nor a financial institution.
We are not involved in the process of making credit-based decisions related to lending, offering loans, or collecting repayment.
The website has been created to act as a bridge, a connecting agent between the applicants and the moneylenders.
We do not charge any fee to process the loan application or help our customers find a reliable match for a loan from a third-party lender.
We do not oblige any user/ customer to contact the lender or to accept a loan application.
The data present on the website related to short-term loans and the industry practices are for information purposes only.
Instant Payday NV does not collect, store, or access the details related to fees and charges levied by the lenders.
We do not endorse any of the lenders in the network.
Short-term loans are not available in all states. Not every lender in the network can offer a loan of up to $1000.
We cannot guarantee that the loan application will be approved by a lender.
Instant Payday NV also cannot guarantee that every application will be successfully matched with a lender or that the lender will provide the applicant the loan amount.
The lenders might perform a credit check through one or more credit bureaus (which include but are not limited to the major credit bureaus) to determine the reliability of the applicant.
The lender will also need to perform other verifications such as confirming the social security number, national ID, driving license number, or any other identification documents submitted by the applicant.
The terms of the loan proposal depend on the lender and various factors such as the federal laws and state laws, or industry regulations.
The terms and conditions of the loan proposal will vary from lender to lender and from one application to another.
APR Representation
APR (Annual Percentage Rate) is the interest rate calculated per annum for the loan. Instant Payday NV is not a lender.
We do not have the required information pertaining to the rules, regulations, and terms used to calculate APR by individual lenders.
APR calculations vary from one lender to another, one state to another. They also depend on various factors that decide the APR of a loan. The credit rating of the applicant can be one of the reasons.
Any other additional charges including but not limited to the origination fee, late payment fee, non-payment penalties, or non-financial that include debit collecting actions, late payment reporting, etc. come under the responsibility of the lender.
Instant Payday NV has nothing to do with the payments charged by the lenders or the action taken by them.
We do not maintain any information regarding the same. The charges and actions are to be fully
disclosed by the lender as a part of the loan agreement. The calculation of APR is the annual rate and not the financial charge of the product.
Implications of Late Payment
We highly recommend our customers to contact the lenders to enquire about the possibilities of late payment.
In the case where late payment is considered possible, the late payment fee is applicable and implied.
The laws of the state and the federal govern the cases of late payment fees and vary vastly.
All details related to the procedures and costs associated with late payment are disclosed in the loan agreement.
Customers should carefully review the terms before signing the contract.
Implications of Non Payment
In case of nonpayment of the loan, both financial and nonfinancial penalties may be implied.
The charges for nonpayment and late payment are disclosed in the loan agreement.
Additional actions related to nonpayment’s such as renewals or extensions can be implied upon given consent. The terms of renewal are disclosed in the individual loan application. Additional renewal charges may also apply.
Lenders may perform debt collection practices.
The practices are adjusted as per the Fair Debt Collection Practices Act and any other federal or state laws related to the industry to ensure that the customer or the loan applicant does not end up being a victim of unfair trade practices.
Most of the lenders do not use outside debt-collecting agencies to recover the loans. They use in-house methods to collect the debt from the applicants.
Late payment and nonpayment of the loan might have a negative effect on the credit rating and further decrease the rating.
This may cause them trouble over time. Lenders may report to credit bureaus such as Experian, Equifax, Transunion, etc. In such instances, the late payments and nonpayment’s may be recorded and remain in the records for a certain period.
