Online loans are used by hundreds to thousands of clients every day, but most applicants are from mothers who very often find themselves in very difficult life situations. Single women often have no one to turn to, a friend or husband has left them only with a child, and they have to turn to a non-banking company for help. About half of the mothers use fast loans for women on maternity leave.
Maternity loans are used increasingly
In 90% of cases, they apply for credit just to buy food or clothes for their children. Very often they are divorced and their former partner does not pay alimony, which is very difficult for them. The borrowed amounts do not usually exceed USD 15,000. The advantage is that such a small amount of cash does not have to be too high. Of course, it does not hurt to occasionally make extra money on the brigade or help the neighbors.
What do I need to get a parent loan?
Quick loans for women on maternity leave are not difficult to get. All you need is a valid identity card, mobile phone, email and bank account. If you only have a child account for your son or daughter it will not be enough. The bank account must be yours, in your name. If you do not have one, you can open it online and the courier will deliver your credit card within 24 hours and completely free of charge. We also recommend setting up internet banking for your card so that you can manage all your revenue and expenditure. If you don’t know which bank to choose, visit our reviews section.
Maternity leave loan and debtors register
Many mothers have trouble getting into the debtor’s register, making it harder for them to get a loan. But not everything is lost. You will need to fill out a short and mostly non-binding form, which will be reviewed immediately after submission and will tell you whether you have succeeded or not. You may have been accustomed to the fact that most providers paid you money even though your payment history was not very good. But with the changes in the law, much has changed. In 2019, all non-banking companies are required by law to verify their ability to repay and hence consult the registers. Of course, this does not necessarily mean rejection, but it certainly will not do any good.
Every mother can get into trouble, sometimes it’s her own fault sometimes it’s her fault. Women very often needlessly pay for it. If you are taking your first loan, be careful and attentive not to get any more trouble. Loans for women on maternity leave are intended to help women not to bring them even more to their knees. Never consider repaying your current loans with other disadvantageous loans. Rather, try to build up a financial reserve to do without any borrowing. In an extreme situation, strive for consolidation. Everywhere has your application been denied?