Single-parent households may consider short term loans

Single-parent households are becoming increasingly more common in the United States as the divorce rates have risen to high figures. Often, as the primary contributor, an unmarried parent must take on the responsibilities of caring and financially providing for their children and themselves, which can put a large strain on personal finances.

 Short term lending options may be best for parents who face an emergency that could have adverse effects on their economic standing. When unexpected expenses pop up, monthly bills including rent, utilities and loans could be forced to take a backseat. Reallybadcreditoffers.com explained short-term loans could easily help parents pay for costs during emergencies when they are overwhelmed. Many parents struggled during the recession and are starting to recover, so an unexpected issue could force them to seek help, the source reported. Census information taken in 2010 found that there are approximately 100 million unmarried adults living in the United States. Only 61 percent of this population has never been married, while nearly 24 percent have gone through a divorce and 14.4 percent are widowed.