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But once you’ve been delinquent on your student debt for 90 days, you’ll risk having that delinquency reported to the three major credit bureaus. your entire loan balance, plus any accrued interest.
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It’s hard for lenders to provide money for people with no job, as lenders need to have at least some forms of security that their money will ever be repaid. Any lender offering emergency loans for unemployed mothers will definitely require you to prove some source of income you get on a regular basis.
If you have a bad credit score or a bad credit history you may not qualify for a loan. Still, people with a bad credit history or a low credit score can still qualify for a loan . Chances are the specific requirements or loan limits could be imposed and the interest rates will be even higher than average.