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I'm a single mom and I need a car loan. How do I get one fast and easily?Tell a Friend

Get Approved for Your Single Mom Car loan before You Walk into the Car Dealership / Apply Here

Home > Bad Credit Car Loan Help

If you're a single mom and need a car loan quickly and easily, this article's for you. Below, we'll explain how to get car loans fast and easily that are perfect for busy single mothers.


One solution is to apply for a bad credit personal loan. With a bad credit personal loan, you can typically borrow from $500 up to $10,000, and the loan can be secured or unsecured.
Know that a secured personal loan requires some degree of collateral. An unsecured personal loan doesn't require collateral, which is one reason why these loan amounts are usually much lower than the loan amounts for secured personal loans.


One way to better your chances of getting a personal loan fast and easily is to ask a trustworthy cosigner to apply with you. Sure, the cosigner takes a risk, but your credit will automatically improve if you have a creditworthy cosigner on your application. As well, many lenders release cosigners from any liability should you fail to make your payments, provided that you've already made a certain number of them previously.


If you're a single mother, you should know that a car loan is a type of secured loan, since the car itself serves as collateral. That's why many lenders are more lax when it comes to approving car loan applications. A secured car loan grants people with particularly bad credit to not only get into a much needed car, but also can be a very important step towards rebuilding damaged credit. You'll find many car loan lenders that won't require a down payment - even though if you were able to make one, you'd probably facilitate the loan approval process, not to mention you'll lower your monthly car loan payments.


Know that most car loans are usually approved for $20,000 or less.


Another loan option worth exploring is the cash advance loan. This type of loan typically requires no credit check, and is one of the easiest types of loans for single moms to get. The loan term for a cash advance loan is usually a short period of time (less than a month in most cases), and usually rolls around on a following pay date. The typical requirement for a cash advance loan is that you have a savings or checking account, and proof of employment (paystubs, etc) that demonstrates that you're bringing in income on a regular basis, whether it's a weekly, bi-weekly or monthly paycheck. If you meet these basic requirements, you shouldn't have a problem qualifying for a cash advance or payday loan.


There you have it. If you're a single mother, there are at least three different routes you can take that will result in your getting approved for a loan: a car loan, a secured or unsecured personal loan or a cash advance loan. Depending on what your personal circumstances are, you should be able to find a type of loan that fits your needs and economic situation fairly quickly and easily with any of the three types of loans detailed above.


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