If you happen to hit on some hard times, there will probably be a chance that you will need some money to pay for bills, food and other needed expenses. However, if your credit is less than stellar or you do not have any credit history at all, getting any loans will be very hard or they will have terms that will make you go into debt faster. While this will sound depressing, there is a lot of places that will be able to give you credit and other financial things, despite what you have (or don’t have) in your credit history.
The most basic things are credit cards. There is a lot of credit cards out there for people who need to start a financial history, such as children or young adults. While the terms will be high on these cards, or might have spending limits on each of them, they do not require a credit check and can be approved in a matter of days. One of the most recent examples is the RushCard, created by Russell Simmons; despite being only a debit card, it has a lot of things available to not give the child a sense of freedom with their money, but has a safety net that parents use to prevent the child from overspending (or spending on what isn’t required).
Another note about the credit cards is that some will have fees attached to them or will have other strings attached that usually do not exist on other cards. One of the other options that are available, but have more exposure due to television, is the cash advance places. Most of these commercials will tell you that you can get money from a future pay check by just bringing in your stub and get what you need to pay for bills. While this sounds very easy, but there is a lot of problems that are associated with this. The fees the places charge are very high and sometimes the clients who come here seem to be showing up every two weeks.
There has been some organizations, such as the United States military, that forbid their service members from using these businesses due to the fees or from other illegal activity. There is also a lot of employers now that have put wording in their contracts that forbid the use of cash advance stores and forbid their checks from being cashed at those places.
