With the economy slowly recovering from a recent recession, it is not easy for many of us to make ends meet from day to day. Sometimes situations arise that require immediate access to funding, such as emergency vehicle repairs or unexpectedly high utility bills. These are a couple examples of times when we need money now, and it can be incredibly hard to get the funds we need to take care of problems that arise in our daily lives.
There are solutions, however. There are several different types of loans that a person with no credit, slow credit, or bad credit can still have access to. While they may be a bit pricier than conventional loans, they do give you the money you need to keep your life on track.
Refund Anticipation Loans: If you are expecting a tax refund from the IRS, you can use your tax return to obtain a loan against your refund.
Payday Advance Loans: Provide a check stub from a legitimate company that can confirm your earning ability, and you can receive a loan based on your regularly earned wages.
Structured Settlement Loans: We’ve all seen the commercials, “it’s my money and I want it now!” If you have a structured settlement, you CAN get money now.
Insurance Premium Financing: The high costs of insurance can be defrayed somewhat with financing options to spread out the premium total over a span of months.
Bill-Pay Loans: If you can substantiate your regular earnings and guarantee payback, some lenders will pay your bills for you prior to payday.
Private Student Loans: Students generally don’t have much earning power now, so these loans are formulated around future earning capacity.
Regardless of your situation, you can find ways to get the funding you need to help you overcome financial obstacles when they place themselves in your path.