Avoiding a Loan for Rent When you Need a Loan for Rent

Rent is the biggest financial obligation that most people have to pay. Unfortunately, housing costs have been rising quickly in most parts of the country in recent years. The slightest setback can put the average person behind on their rent — and as you probably know, not being able to make rent is a sign that you’ve got one foot on the banana peel leading to homelessness. Avoiding a Loan for Rent when you need it is possible.

These tips will help…

Although this is a terrifying situation to be in, it’s important to be proactive about finding a solution as soon as possible. Fortunately, there are strategies, programs, and resources available for those who need help making their monthly rent payment. For the most part, avoiding a loan for rent is recommended, but it’s preferable to facing the nightmare of eviction.

How to Cover Your Rent If You Want to Avoid a Loan

Covering your rent depends on your unique personal situation. The key to avoiding eviction is to start investigating possibilities as soon as you know that you’re going to struggle with making making rent. Following are several ideas for those who need help paying rent.

Legal Aid

Check with the Legal Aid Society in your community to see if they offer landlord/tenant mediation services. Keep in mind, however, that you’ll be liable for court costs if your case goes before a judge.

Can’t Make Rent? Still Room for Options

Ask Friends or Family for Help for Money

Asking family or friends for a loan is a blow to most people’s pride, but it’s likely that you’ll be hitting them up for help anyway if you get evicted. If you decide to do this, set up a formal agreement where both parties agree on the particulars. Friendships and family relationships are often ruined because of financial matters, so tread cautiously.

Apply for Short or Long-Term Assistance

Public assistance benefits vary by state and usually depend on income levels and family size. If your goal is avoiding a loan for rent, checking with public assistance agencies provides a great way to start. Even if you don’t qualify for a particular program, the case worker may be able to recommend another one for which you fit the bill.

Applying for long-term public assistance is an excellent option for those whose inability to pay the rent is caused by a chronic lack of funds rather than a simple temporary setback. Perhaps you live in an area without good employment opportunities or have family obligations that make holding down a job difficult.

It’s possible that you qualify for a Section 8 voucher through the U.S. Department of Housing and Urban Development. State programs designed to help with housing also might be available.

Communicate With Your Landlord for Avoiding a Loan for Rent

In most states, the eviction process is a long, tedious tangle involving substantial red tape. Landlords stand to lose significant amounts of money in unpaid rent if they choose to go this route, so most would rather avoid it. Tenants who talk with landlords about delayed rent payments frequently walk away with good results. At the very least, you’ll at least have tried to explain the situation in an honest manner.

Get Financial Help From Churches

Those avoiding a loan for rent sometimes have good luck turning to local churches for help.  Individual churches, the Salvation Army, and St. Vincent DePaul are good places to start. Community-based secular organizations are other sources of assistance for those in your position. Unlike borrowing money from friends, family, or a loan shop, this money doesn’t have to be repaid.

Save on Your Rent for Avoiding a Loan for Rent

Even though housing costs keep rising, there are still ways you can save on your rent. For instance, those willing to live in a home that’s listed for sale often get a reduced rent. If you’re willing to allow the house to be shown at any time without the usual 24-hour notice, the rent may be further reduced. You need to be ready to move out at fairly short notice, however, as well as keep the house in presentable condition at all times.

Another way of avoiding a loan for rent is to offer house sitting services. These are generally short-term situations, but it’s possible to luck into longer stays. For instance, many people who own vacation homes have house sitters stay in them for months at a time during the off season. If you’re adventurous and enjoy constant change, this could be the perfect gig for you. You’ll have to always be keeping your eye out for your next place to stay, though.

Get a Roommate

Today’s tough rental market means that it’s likely that you aren’t the only one in your are struggling to make rent payments. Getting a roommate takes the total burden off of both parties frequently serves as an ideal solution for those avoiding a loan for rent. Sometimes, it’s possible to find a roommate on short notice, but not always.

Be sure to get a full month’s rent up front as well as half of the deposit you paid before you allow the person to move in. It’s also wise to clear it with your landlord.

If you don’t want a fully fledged roommate, renting out a room may be a better option for avoiding a loan for rent. You won’t be able to charge as much, but you’ll also retain primary control of the lease. This is a great alternative for those who live near universities because students are often seeking short-term lodging.

Save on Utility Bills

Even if none of the above options for avoiding a loan for rent work for you, you can still keep rental costs down by minimizing your utility bills. One of the easiest ways to do this is to adjust your thermostat a few degrees. Heat and cooling are the biggest part of any energy bill. As your light bulbs burn out, replace them with LED bulbs.

These cost more initially than their incandescent counterparts, but they take years to burn out as well as use less energy. Washing clothing in cold water is another frugal option for those looking to cut costs.

If Nothing Else Works – Borrow From Your Bank

You should always try to avoid taking out a loan for rent, but unfortunately, that will not always be possible. And if it comes to it, don’t be afraid of borrowing money from a bank. Personal installment loans from a bank or credit union is another option for those struggling with coming up with their rent payment. However, banks may not be too interested in loaning money to someone who’s struggling with meeting basic obligations. It helps to have a decent credit score in order to get an unsecured loan, but short term loan lenders may work with you if you’ve got good collateral.


Look for assistance as soon as you realize you’ll probably need it so that you’ll have ample time to explore options. Making this kind of decision at the last minute leaves you way more vulnerable to taking reckless chances. Please feel free to visit our rent loans page if you absolutely need money to pay for rent. We can help you find a lender who may be able to help, but we’d rather see you avoiding a loan for rent and managing your personal finances better to help reduce debt.

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