This has been preached about for decades now, but few people actually do it. Maybe you want to start your own business but cannot quit your “day” job. A side business could be a good start. You can use the additional cash flow to help fund your retirement savings, emergency fund, pay off your debts, etc.
Always check reviews before buying! You will avoid products as well as store problems if you do so. Remember, even if the product is good, sometimes the lack of return policies, etc., can make it a bad purchase.
If you have a low credit score, it is unlikely, if not impossible, to get a traditional bank loan. Banks view individuals with poor credit as high-risk borrowers. This means they expect you will default on your loan. But even if you have poor credit, you still have options for securing loans, especially emergency expenses.
If you find yourself in this situation, some alternative lenders will work with you in a time of need. Referral networks like CashinaMoment have many direct lenders who will lend to poor or bad credit and file for bankruptcy.
