Bad credit – the struggles of a single mom

Posted in Family

Bad credit – the struggles of a single mom

There are many single parents out there that understand the difficulty of raising kids by yourself without the help and support of a partner. Raising children is not something you can handle without financial stability and sometimes not even when both parents are working can a child get the support he/she needs. Imagine having two kids and a single salary. No matter how frugal your own life, you cannot possibly refuse your children the comfort they need and deserve, so the life of a single parent is generally an endless struggle with bills and bad credit. It took me five years to reach financial stability and during this time, there were days when I would even have to worry about paying the rent. I still shudder when I remember what I went through until I managed to take a bad credit car loan.

 

I tried my best to offer my kids the life they deserved, but there were still moments when I could not send them to school trips together with their friends because I could not afford them. They stopped being selfish and ask me for things at some point, because they realized that it would put me in trouble. Seeing my kids maturing at a young age broke my heart, but I could not possibly do better than that. I had bad credit and lots of expenses to deal with. I had the hardest time of my life when we had to move into another city because of my work and I could not get a loan because of my bad credit. I managed to deal with the moving somehow by myself, but I still needed to buy a car because the kindergarten and school were too far for a walk and the public transportation schedule was not good, not to mention that I could not send a four year old to kindergarten all by herself.

 

I tried appealing to all the banks and private loan companies in the city, but no one would give me a chance. Everything started to seem hopeless to me. I had to take my children to school one hour earlier to ensure I reached work in time because the bus schedule was amiss. In the end, I managed to get a bad credit car loan and that move basically saved me, because I did not know how much I could have handled getting up three hours earlier, make breakfast, pack the lunch and accompany my children on the bus to their schools. The worst part was that their school and kindergarten was in the opposite direction from my work, so I would only waste time uselessly waiting for the bus and on the road. A drive that took me ten minutes took the bus driver at least thirty minutes to complete because he had to make lots of stops and go around every neighborhood on the way. The fact that you can get a loan despite having bad credit is a wonderful thing. It was not difficult to pay it back either, because I could work overtime during the time I saved with the car.