4 Reasons Single Moms Love Payday LoansSingle moms are among the hardest working people in the country. They have to raise their kids alone, without a partner to take on responsibilities, and they have to work. They are solely responsible for their families and supporting them financially. Even those working the hardest sometimes come up short on cash for the week. While there are many different ways to get extra money, single moms love payday loans the most, and here’s why.
1. Payday Loans Are Available at Your Convenience
A single mom has no extra time in her day. Her time is booked up between work, home responsibilities, and taking care of her kids. She has no time to spare for a loan that takes a lot of time and that requires she work around the lender’s hours. The great thing about payday loans is that they are available at all times. So, even if a mom only has five minutes between getting the kids to bed and falling asleep, she can use that time to apply and get approved. You can apply for payday loans online and through a mobile app, 24 hours a day, seven days a week.
2. Payday Loans Beat Credit Card Debt
Another solution a single mom may come up with for getting extra cash, paying the bills, or covering other types of costs is to use a credit card. But payday loans are better for getting money for a lot of reasons. The most important reason is that credit card debt is bad debt. And when you struggle to keep up any savings, carrying debt when you use credit cards is inevitable. It is very hard to pay that debt down once you get it. Payday loans get repaid quickly, so debt doesn’t become a lingering problem that burdens the family.
3. Cash is Really Fast with Payday Loans
Credit cards do have the benefit of being fast and convenient. But not all loans are slow and difficult. With payday loans, a single mom can apply one day, get approved in minutes, and then have the cash she’s borrowing in her bank account the next morning. This speedy cash is a great relief for single moms who have a lot of expenses and who cannot afford to have late fees, services turned off, or bank overdraft fees.
4. Payday Loans Don’t Require Perfect Credit
It is not uncommon for single moms to struggle with money. This means that many of them also have a lower credit score than they would like. Mistakes and difficult decisions from the past come back to haunt lots of people, but that lower score doesn’t have to keep you from getting approved for a small loan. This is a secret of single moms: payday loans generally don’t require a good credit score for approval. Try a payday loan today and you’ll see what these tough, smart women already know about the best way to get quick cash.
For more information about Green Leaf Loans, the products and services they offer, and how to apply, please visit www.greenleafloans.com.