Loans For Single Mothers


Being a single mother and still providing for yourself or your children can be a very stressful and frustrating experience. There are many problems with finances, loans for single mothers and getting help isn’t always easy so here are some services you should be aware of.

Education loans can be very tough to pay back, should you have debts remaining on your student loans. This may force many moms to consolidate their payments, which will put them into debt for 10-30 years, but allow them to keep out of bankruptcy longer. If you have children who wish to obtain student loans, and you are a single mother, it is harder to get such loans for a few reasons. First, women usually make less money than men. If you are a single mom, you don’t have a partner’s help with income, and also earn less than a man would. You are also less likely to have enough collateral to prove that you can pay the loans back, and you are more likely to have previous debts to pay. A popular option instead of a student loan are fedral program for single mothers.

Like education loans, automobile and home loans operate in the same manner. You are more likely to be rejected for a house rather than an apartment, since houses on average cost much more. Automobiles also put single moms at a disadvantage- since automobiles often break down, requiring more money be spent. This makes the odds that a single mother can pay back a loan less likely, as maintenance can eat up much of a single mother’s income.

Business loans are another subject that may cause single mothers to have trouble obtaining loans. This is increasingly harder than other loans, since businesses are extremely risky operations. The odds of maintaining a successful business is usually quite low for small business owners. Having sufficient collateral is again a problem with single mothers, forcing many to not get the needed business loans to start their own business. Single mothers usually have a lower credit score, since they incur more debts than other couples or single men on average. This will also lead to a lesser chance of getting approved by credit card companies, making the buying power of single mothers even more burdensome.

However, there are ways to influence or take advantage of situations in favor of single mothers. You may speak with the Department of Social Services for things such as welfare, food stamps, child support, medical programs, and child care assistance. These programs can be found in phone books, government agencies or on this website. There is a lot of paperwork to apply, and the waiting time can be very long. The wait is often worth it, since single moms need all the help they can get.

School lunch and breakfast programs should be taken advantage of. This is a federal program that gives reduced prices or even free lunches and breakfast to kids who attend school, and eat at the school. Other grants can help you in funding for food or even gas and heating bills. Churches often have programs to help as well, and you should explore all of these options for a better life for children a single mom may have. Reduced prescriptions and free counselling are also available to those who apply- so make sure you take advantage of such offers to the fullest.

When looking to improve your credit score, you should have family members or room-mates split bills, and put some bills in your name. This will improve your dependability and credit rating. Also make sure that you stay away from penalties such as bounced checks, which can effectively ruin your credit. Doing this will eventually raise your credit score enough to gain some respect among loan specialists, which can bring you to a new step above where you previously were.

When you have better access to loans, you can get lower rates. You can better obtain a business loan for mothers, for example, with your improved credit rating. You may also co-sign loans with family members to add credit to your score- and regular payments will again boost it. In case you can not make a payment, the money is then billed to your family member- so either way the bank will most likely get its money. This is the best way to obtain a loan if you are not qualified enough, and doing so is one of the best ways to improve your credit.

Over all, single mothers are at a disadvantage. Statistically, they will make less money and not qualify for loans. They will also have more poor living experiences, and will have less buying power. Following the previous steps will allow single moms to achieve a better way of life for them or their children, regardless of their standing in society’s hierarchy.

Want more stuff like this?

By submitting above you agree to the Single Mom privacy policy.


About Author

As a mom to three girls Denise knows the difficulties of being a single parent. Denise has been working to help single moms across the country since 2007. In her free time Denise enjoys camping, riding four wheelers and just spending time with her family. Connect with me on Google+


  1. innesa everlyn on

    May the God of mercies help u all my fellow single moms felt like crying reading all the above comments!! you think u got problems bt wait till u hear other Pple talk n only then u realize u ain’t alone, ve Hope thing s will be beta someday!if had enuf to start a business I wud be a happy single mom bt I try year after year bt never gets enuf to do that!! n the only help I got is me!!

    • @innesa I know what you meanIm reading saying been there and just feeling awful bcs I know what its like to have to tell your kids no all the time and just that feeling of its nvr enough I can c the goal I just cant touch it. I know my kids know they are loved and Before anything my kids first, that atleast is onething they know they got. Itmakes it easier wh en the kids r smiling

  2. I am a single mom of two. I’m looking to start my own barber shop in an area of town that I KNOW will do well. It’s the best part of town in the city where I live. I currently work at the ONLY shop in that area and have for almost 3 1/2 yrs in total but at two different times. Again, I know that there is room for another shop in this town. I don’t have a lot of money to start one on my own and would like to know if there are Gov. grants or loans for a situation like mine. Thanks so much!!!

  3. I dont want amyone to pay my bt I just want a real opportunity. Im pawning my stuff to pay for unexected stuff all the time then I pay 2x back what I borrowrd . I bills get behind and and my high interest credit card min payment is 20$ and the interest was 22$ . If I had the money I eouldnt charge it. 20000$ medical bill I call to make arrangements im told if O payit will only be $12000 in full if not its 20000plus interest and court fees y even do that . I obviousley dnt have 12000 much less20000. Lend me 40000 so I can pay it all off and consolidate and I guatantee That would be paid. I just eant to start clean no debt just working for my future not stick in a hole. Bankrupt is a road I dnt want I wamt to know I pulled mysrlf out of debt.

  4. I am a divorced Mom of 3 (ages 13, 11, & 6). I was attending college & completed 3 years toward my BA in Elementary Education. My ex quit paying support, ran off & local DSS agency has not been able to locate him for 2 years. Cause of this my income dropped to $380/month & I had to quit college to try to find a FT job. I live in SC but have many friends in Minnesota. I have a non-refundable & non-transferable plane ticket to Minnesota for June 3 – 17. My friends there have spoken with their employers & I have job interviews lined up during this 2 week period. The little bit of money I had saved to cover food/expenses I had to spend when my car broke down. I have tried lending companies to get $500 – $1000 but I don’t qualify cause I don’t make $1000/month. I have tried options that my friends have suggested but nothing. You ask for assistance cause you’re poor & need help but yet it seems that you are too poor to get assistance!! Here I have great odds of a better life for my children & I but I’m a few hundred short of grasping it. Any tips or suggestions????

  5. Alejandra videla on

    Hi I’m Alejandra 34, single mother of four, 15, 14, 7 and 5. I’m struggling with bills, credit cards and school fees. I need your help. I’ve been trying to ask for a personal loan, but they don’t accept to give it to me because I don’t work and I’m a single mum with four kids. Please i really need your help. Contact me on my mobile.

  6. I’m a single mother of two children. I always struggle. I just lost my job because I couldn’t find a babysitter for the weekends. The government does not offer much help for single mothers and nor does the communities. People have become so greedy and selfish that they don’t only over look a mother’s cry for help they over look a innocent child. There is Major proverity problem in the USA and nothing is ever done. Can people stop being selfish and help person in need.

  7. Hi, I recently moved from Mattoon, IL to Homer, NE with my 3 kids because my youngest childs dad got out of jail and said a bunch of empty promises that if we all moved with him where he came from everything would be better than where i was living. Well, it’s only been 6 days living here with his parents in 1 bdrm apt and this father of my child told me that he doesnt like me and doesnt want us here. We pretty much left most everything behind to be here with him. I asked his parents if theyd help us get back since they brought here and were going to bring me back there anyways to get the rest of my stuff from a storage unit. They said they cant do it and that I should ask my parents. My parents dont have the money to come all this way to get us and our stuff so I’m asking if someone can please help. If there is some agency that could help us out. I dont know anyone here and I am really scared.

  8. Hello,

    I am a single parent of three (13yrs, 3 yrs, and 2 yrs). I am overwhelmed and stressed due to financial barriers that I have experienced. I work hard everyday to provide for my children. Some days I dont eat to make sure my children have. Anyway, I have completed all of my core courses towards obtaining my PhD in Psychology. I have completed one semester of my dissertation. I have depleted my financial aide; therefore I have no monies to finish my last four semesters of disseratation and residency. I need help through scholarships, grants, or loans. My credit is horrible and I do not have a co-signer. Any help will be appreciated.

    A woman in need

  9. I am a single widowed mother of 3 and was looking for assistance with a school loan. Please e-mail me back!

  10. iam also a single mothere of a 15 year old and struggeling,reading all the posts on here makes me realize iam not allone.i mite not have electric by next week and i cant seem to get ahead of myself anymore.i use to be able to keep a budged ,but i fell behind, and it would take me a month worth of pay to get ahead again , and there is not much help out there for people like us and loans are very hard to come by. i wish all the single and struggling ones with children out there the best, and i hope you will be able to find a way and things will get better.

  11. hello i am a single mother of two and one on the way . i really need help to get a car as soon as possible .. please help.. please

  12. Sarah Overstreet on

    I am currently unemployed and I’m needing some assistance with car and house payment.

  13. LaTasha Stokes on

    I am a disabled single parent,and I really do need cash now,I am on disability,but when I was in the hospital,my mom got the check coming to her house,and me and my two children live with my grandparent’s,and we are living without my check,because it goes to my mom,and I need some cash as-soon-as-possible,please help me and my kid’s!

  14. My mother and my 3boys(7yrs old,4yrs old & a 1yr old) & i are in the dark this make day 20 and my mom cars are about to repoed from my ex-boyfriend telling her that he pay her back and i won’t have any more food until next month and my mom job doent pay enough to support us i’m loosing all faith in god because this the 5th time in 4yrs we’ve been through this. We have the worst luck EVER!

  15. Hello All:

    I’m a single mom as well for the past four years being divorced, there are no programs out there in the state of CT if your earnings are above $43K a year. If someone knows of a program please let me know. The assumption is if you own a home and are employed, no one cares if you have $20 left after paying all primary bills.

  16. I live near the Detroit Metropolitan Airport. I bought a used car on a “B” lot. It had problems the first few days I had it. Well, I was on lay off and I could not get a car from a regular “A” dealer. However, the moment I sign the contract for the used car, I checked my email at the dealers and I was called back to work to report in the morning. I drove the car but something wasn’t right. I did’nt have money to get it fixed. I had given the dealer a $3,000 downpayment. Well soon after, the headlights went back, I got a ticket for that. The radio and CD shut down. The windshield wiper sytems shut down and then the car shut down. They also had be buy a two year warranty for $2400 that really doesn’t cover nothing. The man at the dealer who helped sell me the car said if anything goes wrong with it just take it to a Mercedes Dealer and they will fix it because it is under warranty. Well, my car broke down after about 7 months. I was told that the repairs would cost me $2400 and that the warranty only covers about $700. Then, I was told by the licensed Mercedes Dealer that the previous owner had a car start up device on it and they removed it and damaged the wires and that eventually it was going to affect my windshield wipers motor that would also cause damaged to the ignition and eventually my car would stop running. Well, all these things happened which means I bought a defective car and they knew this car is defective. Now, I have about a 19,000 balance owed on this car and I am catchiing 3 to 6 buses back and forth to work and I have a son I am still raising. Also, after I took the car home off the lot, they were calling me to bring the car in which I thought was strange as if they had to inpect it or something. This should of all been taken care of at first.

    These guy of an Arabic descent basically tricked me and took my $3,000 and sold me junk.

    Currenly, I am trying to buy a car but the balance owed has to still be paid which means I am starting with a negative balance to begin with.

    I need a good car asap and I am looking for one. Any help would be appreciated. Thanis.

  17. I was there veronica I hope you got what you needed But go out and make it happen dont let anything slow you down. Put yourself and children first if your ok your kids will be ok. Lots of luck.

Leave A Reply