I have recently found out about the Mastercard prepaid card, which has been an absolute godsend to me! I am not really the kind of person who usually takes much notice of banking issues or finances. Maybe that is why I got into the position I did, but there we go. I went to university, and after that, I spent quite a few years trying to live a life outside my means, and the party lifestyle was hard to leave behind after the fun I had at during my college years. The main problem I had was that my job was low paid and could not support this way of living.

I found myself in a lot of debt, as I had a big overdraught, and had maxed out two credit cards. Consequently, my credit rating was not good, and I was in real difficulty. In hindsight, I would be tempted to say that the credit card companies were reckless in giving me such a big limit on my card when I clearly did not have the means of paying it back; but I cannot really blame anyone but myself.
Anyway, I spent the next 8 years of hard work and little partying to pay off my debts. I am a much my responsible and careful person now, and have worked extremely hard to pay off my debts, but the big black financial mark will always be hanging over my head now, and it is stopping my progress. Well this was until I found out about the Mastercard prepaid card (a top prepaid cards) which has opened up a lot of doors again.
I was in a situation where I was unable to purchase online, unable to pay on card in stores or restaurants and unable to use a card abroad. I found out that with a Mastercard prepaid card you could actually have all the benefits of a credit card, without the problems of needing to get credit! This is ideal for me as I have such a bad credit rating from all those years ago. Now when I go out to a restaurant, or shopping, I don’t need to worry about whether I have taken enough cash with me or not.
I signed up for my card with GreenDot, but there are loads of others out there as well, my friend also has one as he is in a similar situation to me and he is with RushCard I think. They do seem like a great idea, as the credit system is not a good idea in my opinion; if you don’t have the money, don’t spend it!