Loan to Pay Rent When You Need It Most

Being unable to pay rent on time can be stressful. You can face backslash from your landlord. You can face challenges of borrowing money. Finding a loan to pay rent can be grueling. Above all, your landlord can mark you and evict you the next time you miss another rent.

If it is your first time to need emergency help with rent, it is okay. Most people experience it because of personal emergencies. If you keep on missing your rent because of your daily expenses and bills, it is time to reconsider your lifestyle. Are you renting the right place that suits your budget? Is your lifestyle helping you? Do you need a smaller place? Do you need a bigger job?

Finding Help to Pay Rent

Apparently, needing a loan to pay rent is inevitable for most renters. The good news is, there are a lot of options out there that you can take if you will need emergency help with rent.

State Provided Assistance

One way to get a loan to pay rent is from the state. There are state programs that assist renters who are on the verge of getting evicted. In some states, they also offer assistance by moving you into a new apartment. They will provide the first 2-3 months payment as a way of assisting you with your rent.

To learn more about state provided assistance for renters, you can check with your local government office.


  • They ask tons of questions
  • Expect tons of requirements
  • They can move you to a different address
  • They do a thorough background check


  • Not all states or cities offer rent assistance programs

Taking a Payday Loan

A payday loan is a personal loan that you can take to pay your rent. It is the easiest way for you if you need help paying rent. It is also the fastest. A payday loan comes with interest. If you need help paying rent, a payday loan should be your last resort.


  • You can easily apply
  • You can easily get approved
  • Fast money solution
  • Doesn’t require a good credit standing


  • High-interest rates
  • Hidden charges
  • Strict payment scheme
  • High interest for late payment

If you’re really in a hurry, you can always find online lenders willing to lend you money. Loanry can connect you with credible lenders in a matter of seconds, if you leave required information in a form below:

Taking a Personal Bank Loan

If your landlord is already giving you an eviction notice, you can take your chance and apply for a bank loan. Most banks offer personal loans to their valued customers. This is provided that you have a good credit standing. Easy bank loan approval is one of the advantages of having a good credit standing. If you need loan to pay rent, your bank can easily rescue you.


  • Acceptable interest rate
  • Flexible payment terms
  • Easy to pay loan schemes


  • You should have a good credit standing

Borrow Money for Rent: Options Available

Taking a Loan from Individual Creditors

Another way to get a loan to pay rent is from individual creditors. Individual creditors are people that offer loans to their friends and friend of friends. If they don’t personally know you, a common friend can vouch for you. This is called ‘guaranteed loan.’

Another way to ensure that they can collect is by asking for collateral. If you are in need help paying rent, you can pawn your jewelry in exchange for cash. Inability to pay would result in the jewelry’s forfeiture.


  • It is easy to apply
  • There’s not much requirement
  • You can negotiate the terms of payment


  • High-interest rate
  • You have to find a guarantor or give something in exchange for cash

What If I Cannot Pay My Rent Yet?

After exhausting all of your loan options, you still end up with no cash at hand. You can’t pay your rent, what will you do? Sometimes, personal loans or payday loans can take up to 48 hours to get processed. If you are not sure whether your loan is approved or not, you have to start talking to your landlord. You can start by giving your landlord a courtesy call. Explain your situation. Tell your landlord of your actions and what you are doing to resolve the issue. Give a date as to when you can make a payment.

Getting Evicted

Being evicted for an inability to pay rent doesn’t happen overnight. Landlords knew that when you take a loan to pay rent, it doesn’t happen overnight either. Eviction is a process. There are two things that your landlord will do if you fail to pay your rent on time. Your landlord will send you a warning. If you are unable to respond to the warning, you will be sent an eviction notice.

How to Avoid Delayed Rent Payment?

To avoid facing delayed rent payment problems, you should have a budget. Your budget will determine if you will need a loan to pay rent in case of emergencies. Here are some things that you can do to avoid asking for need help paying rent.

Plan Your Budget

Housing cost keeps getting expensive. So are our utility bills. If you are earning barely enough to cover your expenses and bills, keep you’re a budget on the check. How to plan your budget to prevent emergency help with rent? Here are some pointers you can use.

List Regular Rent Expenses

What are your regular expenses? This includes groceries, food, kitchen, and bathroom essentials, among others. It also includes bills that you have to regularly pay every month. These are products and services that you need to purchase or avail in order to live comfortably. Regular rent expenses are expenses that you cannot pay late.

House Rent

You have to pay your house rent every month. This is a fixed price. It means that if you have a contract with your landlord, your rent doesn’t go up or down anytime. You can allot a certain amount of your salary for your rent. The only time that you will need help paying rent is if something happens unexpectedly. If you get sick or someone in the family gets sick, you might need to spend your rent money otherwise.

Utility Bills

Other monthly expenses that you must keep in mind are your utility bills. Your utility bills are not constant. On summer days, your electric bill can get higher especially if you have air-conditioning units. During winter, your heater can consume as much energy as an AC unit.


To save on your monthly expenses and avoid taking a loan to pay rent, you can start saving on your electric consumption. Turn off lights that are not in use. If you don’t want total darkness at night, turn a single light on in front or at the back. You can also replace your old light bulbs with LED or FCL.

If you are stepping out of your room during summer, turn off the AC. If the temperature is bearable, do not turn on your heater or AC to its maximum level.


Everyone needs water. Who doesn’t need water at home? Without water, you cannot cook or clean your house. You cannot stay hygienic. In addition, you constantly need water every time you move around.

To reduce water consumption, you can reuse your water. If you are doing the laundry, do not throw your laundry water. Keep it for your bathroom or for your garden.  You are not just avoiding the need for a loan to pay rent, you are also saving Mother Nature every time you conserve water and energy.

List Add-On Expenses

Why do you end up taking a loan to pay rent? It is because you don’t have savings and you have extra expenses!

As you wake up and live every day, expenses also happen. You need to spend here and there. You have to pay for this and that. There are things that are out of your control hence you end up spending such as these:

Services You Don’t Need

Services you don’t need are services or products that you don’t actually need to survive. You purchase it because it makes life more comfortable. However, you can actually live without it and still be comfortable.


If you have a car, then you need to regularly purchase gas to use it. However, what if you can commute from home to work? What if you can carpool some of your friends or officemates to earn extra money for gas? What if you can actually travel comfortably to work on public transport?

Choosing not to drive your own car to work is one of the best ways to cut daily expenses. However, if it is really a nightmare to travel on public transportation, you can keep the car.

Car Insurance

If you are not going to use your car, then there is no need for car insurance. The need for car insurance only rises if you are driving constantly. If your monthly salary is barely enough, monthly car insurance might only lead you looking for loan to pay rent in the future.


If you decide to keep using your car, then you have to pay for parking. If you have free space at home, it is good. What if you don’t? Can you stretch your monthly salary to pay for parking?

Life Insurance

Of course, life insurance is very important. People end up asking for a loan to pay rent because of emergencies. Medical emergencies could have been covered by life insurance. But not all life insurance does!

What if your company offers health benefits that can keep you shielded from emergency hospitalization? Then you can reevaluate the need for life insurance. Life insurance is not cheap. Get one if you always have extra money from your monthly salary. If you are barely making it each payday, do not force it.


How active are you in social media? Do you constantly need internet access? If you are using the internet for social media purposes, there is no need to make it a regular monthly expense.

However, if you are using the internet to work online, then keep it. There are online jobs that can help you pay your bills. With a side job online, you won’t have to take a loan to pay rent even with emergencies.

Services You Need Once in a While

Some people need help paying rent because of occasional expenses. Occasional expenses include the following:

Pest Control

Everything is okay at home until you noticed some termites and ants under your sink. You realized that some part of your kitchen is now being eaten by termites. In this case, regular house cleaning won’t do. You have to ask a professional pest control specialist to do it.

Pet Grooming

You can give your dog friend a bath every day. However, he or she also has needs that only a vet can provide. Pet grooming is one of them. You don’t really have to do it monthly. At least have your pet visit his or her vet quarterly or bi-yearly.

Plumbing Maintenance

Plumbing issues can happen once in a while. For some reasons, your faucet or water hose starts to leak or your water supply stops getting warm. This is something that you cannot do. You have to hire a professional plumber and if your budget is already stretched, you might end up needing emergency help with rent.

To Buy or To Rent

Millennials of today are said to be more financially intelligent. They are now investing in properties that they can own. They are now investing in properties located in the cities. If a place is known to bloom in the future, they are the first ones to own properties in the area.

Should you buy or rent? Depending on your financial capability, you should make this decision wisely. If you are buying, here are some questions that you should ask:

  • How sure you are that you are staying in the area for a period of time?
  • If you are moving to a different workplace, can you rent your bought property?
  • If you are going to take rent to own property, can you pay for it monthly
  • Having rent issues, could you make a loan to pay rent?


Taking a personal loan remains to be the fastest and best solution if you need some help with paying your rent. Taking a personal loan from private companies or individual creditors is the easiest way to have cash. Even if you have bad credit, a payday loan with bad credit wouldn’t sound bad at all. In the end, it can save you from getting evicted from your home.

Before taking a personal loan to pay your rent, make sure to do your work. Check and review your different loan options. A loan is money that you need to pay with interest. Apparently, most personal loans come with high interest rates. Failure to pay a loan for a month can lead to a bigger interest and fees. If paying a high-interest loan will make your finances suffer more, consider other options.

Other options such as seeking government help or asking a family member for a loan are on the table as well. Your options for a loan to pay rent is endless. You just have to pick the best option that will work for you and your current financial condition.

Crisis Loan to Pay Rent: We Have Answers

The rent is due by the end of the week and you do not have the money to pay. You are not alone. Thousands of adults risk eviction every month because of limited funds and other factors that contribute to late rent payments. Perhaps, you are among the many to suffer a job loss. Maybe you are a part of those who practice poor budgeting habits and, therefore, do not have the rent covered. Regardless of where you fall on the spectrum, you should know that help is available. Crisis loans to pay rent may be just what you need to get things back on track.

Some people are ashamed to take out a crisis loan to pay rent. You, however, should not be embarrassed to do such a thing. It is far more embarrassing to have an eviction notice taped to the door. You should, therefore, search for emergency help with rent the moment that you know the funds are short.

Waiting around to see if circumstances will change is quite irresponsible considering laws regarding rental properties often favor the landlord over the tenant. There is nothing stopping a landlord from asking you to move once you default on the rent. Read on to learn more about what you should do when money is short and you need a crisis loan to pay the rent.

many cities are experiencing rent increases

Crisis Loan to Pay Rent

A crisis loan to pay rent can provide the cushion that you need to keep a roof over your head when the landlord increases the rate. Such protection also gives you the peace needed to figure out what to do. It may be that moving is the best option if you need help paying rent every month. Some renters find that they qualify for home loans that are cheaper than their monthly rent payments. Regardless of what you choose, a crisis loan to pay rent is the best way to regroup and move forward.

A final instance that may lead to you needing help to pay the rent occurs with a loss of income. There are more ways than one to lose an income in the digital age. Perhaps, one of your gigs does not pay as much as before. You need a cushion to help pay for room and board until you find something else.

Maybe you work a traditional job that has reduced your hours from 40 to 20 per week. A loan to pay rent would definitely be helpful in securing the homefront until you find another job.

It is true that a total loss of income that comes with job loss is quite devastating. It is quite difficult to convince a lender that you will repay a loan when do not know where such funds will come from. Still, even those in the most detrimental circumstances can find hope in an emergency loan for rent.

How Can a Crisis Loan to Pay Rent Help You?

A crisis loan to pay rent provides the funding that you need to cover room and board for one or several months. The amount that you borrow largely depends on your creditworthiness as well as income.

Not all loans to pay rent are created equal. There are some advances that come with a long application process. These traditional type of personal loans often defeat the purpose of you looking for emergency cash.

The main disadvantage of using personal loans to pay rent is indeed the application process. You spend hours in front of the banker only to find that your income or credit score does not meet the requirements. The time spent applying and being rejected for a loan could have put towards actually getting the cash that you need.

You should bypass traditional means when you know that your credit is challenged. Instead, consider applying for a bad credit advance that comes with flexible repayment terms. Approval for many loans to help pay rent are a matter of completing an online application. The lender tells you within a matter of seconds if you can get cash or not.

What about Short Term Advances?

Short term advances come with many perks including easy repayment terms. Many lenders let you connect your checking account so that you can automatically make timely payments.

Short term loans are especially ideal when you need emergency help with rent. Funding for this type of crisis loan to pay rent usually comes no later than 48 hours after approval. Imagine yourself being able to tell the landlord that you can pay what you owe within the allotted grace period. Such can be a possibility when you apply online for a crisis loan to pay rent.

Emergency cash loans are also ideal when you have been served an intent to evict notice. This type of documentation usually comes when you are days, or even weeks, behind and the landlord is ready to ask you to leave.

Getting evicted for non-payment of rent has a negative effect that could last for many years. Some property owners refuse to rent to tenants with such a scar in their past. In some cases, the fact that the eviction occurred several years prior is not even enough to convince an owner to take a chance on your application.

An eviction is a hard thing to live down. Such is the reason why you should do everything within your power to prevent proceedings. Using a crisis loan to pay rent is the best way to avoid the consequences of eviction. You can use the credibility that you have to secure the money that you need to keep a roof.

Who Qualifies for a Loan to Pay Rent?

Pretty much anyone who rents an apartment or house is eligible to receive a loan to pay rent. Every venue is different with its list of qualifications, which is why you should hold a meeting with a financial expert before agreeing to any terms or conditions. A financial associate can break down the essentials of personal loans as well as how paying on time positively impacts your credit.

You should not despair if you do not have good or excellent credit. Dozens of Americans have fair to poor credit. You can worry about fixing your credit after you pay the rent on time. After all, timely payments are essential to improving credit.

Who Should Apply for a Crisis Loan to Pay Rent?

Anyone in need should apply for a crisis loan to pay rent. It is best to apply ahead of time so that you do not play the edge. Remember that a landlord is not obligated to give you a grace period beyond three days from when the rent is due. He can demand full payment or threaten you with eviction after that time.

Some people wait until the very last second to look for a crisis loan to pay rent. You should, in actuality, reach for this type of relief first. Contrary to what some people choose to believe, a loan for rent does not mean that you are an irresponsible person. An advance simply indicates that you have fallen short on your financial commitments this month. You may want to consider financial counseling if borrowing to pay the rent turns into a habit. You probably need to learn more about budgeting and living within your means.

Still, even with the possibility of your expenses being too high, you should not hesitate to find a crisis loan to pay rent. The last thing that you need is an eviction notice that forces you to spend money that is not in the bank account. A loan to pay rent helps you avoid the heartache of having to move by giving you immediate relief. You can sort out the long-term issues with your finances later.

Things to consider

Even with relaxed regulations, you should remember that a crisis loan to pay rent is an advance. There may be interest on the amount you borrowed. You should consider how much the loan actually cost, with interest included, before signing on the dotted line.

Another thing to consider is the repayment terms. Some lenders do not charge fees when you pay off the loan early. Some financial institutions, however, punish customers who act responsibly and pay early.

You want to get a lender who appreciates your diligence and rewards you when you pay off the loan early. In fact, there are several creditors in the market that have rewards programs. With these incentives, customers are given points when they pay on time and extra credit when advances are paid early. In addition, some lenders give steep discounts to current customers who lead to new clients coming on board.

Still, even with the discounts, it is important to borrow only what you need. Some consumers make the mistake of borrow the maximum amount simply because the lender offers the funds. Conducting business in this manner leads to hardship in the future as debt brings on more debt. You may look at the extra funds as an opportunity to pay rent and go on vacation. You could find yourself in the same predicament of need next month if you spend money that you do not have on your trip.

Don’t be afraid of emergency cash advances

The seeming loop of debt is why some consumers run away from crisis loans to pay rent. You, however, do not have to be afraid of emergency cash advances. These types of loans are great when you are in a bind. Emergency cash advances are not ideal if you have a problem with budgeting.

As with any personal loan, you should not use a crisis loan to supplement reduced income. You should, instead, look for ways to increase your monthly cash flow. Doing such a thing eventually leads to you paying rent every month sans personal loans. There is nothing wrong, however, with accepting the help that you need until you can do better.

Loans for Rent When You Come Up Short

Where to Find a Crisis Loan to Pay Rent?

The Internet is a good place to start your search for crisis loans to pay rent. Some consumers choose to look at sites individually. Others pick the first institution they can find and apply for a loan.

It is always a good idea to scan several sites before deciding on the lender you want to use. You do not, however, have to go it alone. There are many companies in the financial sector that place the best options for your situation at your fingertips. They make it easier for you so that you can focus on getting the help that you need fast.

Loanry is one of those companies that focus on making things easier for you, the consumer. We are not a lender. We may, however, match you with a financial institution whose requirements you meet. Get started on the path of relief today. By using our services, you may solve your rent problem.

Avoid a Rent Loan

Many people view job loss or other unforeseen circumstances as the only reasons why a person would fall short on the rent. It is, after all, a given that you pay to have a roof over your head. There are more reasons than one, however, that a person would fall short on the monthly rent.

Affordability has a lot to do with a person’s failure to pay rent on time. Some people believe in living at the height of their means. They do not save for the unexpected and, thus, are taken by surprise when a bill increases. Imagine yourself scrambling to find the rest of the rent money because the car insurance bill went up by $100. This is the situation for many homeowners and apartment renters.

Poor budgeting is often the culprit in these cases. Consumers fail to find a happy medium in which the bills are paid comfortably and timely every month. You should not look to a loan to pay rent to fix your problems with financial planning. You should, however, depend on a crisis loan to pay rent for the month. You will still need to sort out your issues with budgeting to prevent a repeat in circumstances.

Another instance of crisis that leads to a person needing emergency help with rent is a rate increase. Rent can double within a matter of weeks if you do not live in a rent-controlled area. You can find yourself selling off prized possessions to come up with the rest of the rent.

What about Credit?

Traditional personal loans require good to excellent credit. You may not always fall in those categories, though. Thankfully, finding a crisis loan to pay rent is not fully dependent on a credit score. In many instances, you can find a lender who is willing to give you the money that you need within 48 hours of approval. Your income typically outweighs your credit score with short-term loans. The lender is more interested in your ability to pay back the loan now and less concerned with past mistakes.

It certainly does not hurt to have a good credit score when you are looking for a crisis loan to pay the rent. In fact, a high score could give you more options. You should not, however, feel discouraged if your score does not meet the mark. You should, however, present evidence of steady income. It is also a good idea to have bank statements that speak well of your ability to balance a checkbook.


If you are currently in a rent problem, do not feel desperate. You will find a way out, like many Americans who find themselves in the same situation do. Crisis loans to pay rent is just one of the options you have. With a bit of budgeting and good financial management, you will able to even save on rent in the future. So take a step back, look at the big picture and start going toward your goal.

Loans for Rent When You Come Up Short

You just got your check and realized that there is not enough there to cover your rent. Uh oh. So if you are currently faced with this situation, take a breath and let’s figure this out. Go ahead- breathe…we will wait. Better? Good, let us begin. First and foremost, know that you are not alone. I cannot think of a single person I know that has not been short on rent at least once in their adult lives. Things happen- some things you can control and some that you cannot. Learn from it and move on.

If it is due to something out of your control, there is definitely no reason to feel shame. At the moment, the reason you are short on rent does not matter. What matters is that you need the money to pay your rent and you do not have it, so what do you do? There are a few options: find the money, make the money, get emergency help with rent from an organization, or borrow the money. Borrowing may come from talking to friends and family or applying for loans for rent. Let’s break these options down.

First Things First

Assess the situation. Sometimes we freak out when there really is no reason to- at least not yet. Are you behind on your rent or will you just now be behind if you miss this payment? If you still have any time left, you have time to fix the situation. Also, consider how much more you need to pay your rent. Do you know when you will have the rest?

Once you have a full analysis of your situation, the first step you should take is to speak to your landlord. Some may not want to work with you but many will. Here’s the thing, most landlords would much rather wait a week or two for payment than throw you out. Why? It costs them money to evict you. Not only are there legal fees, but if they evict you, they will not have money while waiting for you to move, then they have to clean it, possibly do repairs, and then find someone to move in and pay.

So if you have not made it a habit to be late on your rent, your landlord will probably be willing to work with you. This would also be the cheapest option for you. Fret not, however, if they say no. You still have other ways to handle this situation.

Loans for Rent

We are going to talk about all the options you have in a minute. But let’s first go over the information you came for -loans for rent. Once you have exhausted all other options, you may need to consider getting a loan to pay rent. This, of course, should be your last resort. There are a couple of different types of loans for rent you can apply for.

Loans for Rent From Those You Know

If you have a family member or friend willing to help you, see if they might loan you some money. Beware, though, money can ruin relationships faster than you can blink, but if they are willing, borrow the money. Then, be absolutely sure that you pay it back when you say that you will. If not, the tension will be hanging in the air between the two of you. And then you will find yourself trying to avoid that person at all costs, and a relationship will be thrown out the window. No amount of money is worth losing someone you care about.

Loans for Rent From Financial Institutions

There are tons of loans available- locating one is not the problem. Choosing the right one is. Desperation can make you want to choose the first option that comes up, but that is not wise. You have to weigh your options out. You do not put yourself into a bigger hole than you are already in. Payday loans and title loans will definitely dig you into a deeper hole. Stay away from these if you can. The interest is ridiculously high and it will take a long time to pay them off.

There may also be short term loans available to you, but these should be the last loan resort. They also charge high interest and have short repayment terms. However, if you have to choose between short term or payday loans and title loans, go with the short term loans. They are a little easier to pay off.

The best options to apply for when you need loans for rent are personal loans or personal lines of credit. The interest rates of these two are going to be much lower and you will have different- usually much better- repayment terms. When you have to take out loans for rent, you need to find those that are easy to pay back. At the very least, they need to be possible to pay back without breaking your back or losing sleep.

Where to Find Loans for Rent

Once upon a time, people had to walk into financial institutions. Then, they had to fill out what felt likes miles and miles of paperwork to get a loan. That used to be the only way. Fortunately, that is no longer true. Well, you can still walk into a financial institution if you want to. There is nothing wrong with the old school way if that is what you like. For the rest of us, the Internet is an awesome resource. If you do want to apply for loans for rent in your area, you can find those financial institutions easily. Do a web search for “need help paying rent” “loans for rent” or “emergency help with rent”. Many local places should show up.

If you are comfortable using the Internet, you should also see many online lenders and platforms that can connect you with online lenders. Loanry is one of those platforms that may connect you with a reputable lender. Loanry does not make loans, they are rather a loan mall. Through Loanry you may find a lender whose requirements you meet.

Online lenders are convenient for a few reasons. The first is that you can apply for them 24/7 from home in your pajamas. The second is that you can often be approved for them much more quickly. One of the best reasons, however, is that you can receive the money more quickly. If you are approved, they will put the money into your checking account- many by the very next day. That, of course, is a great thing if you need to pay your rent very soon.

Ways to Find the Rest of Your Rent

You may roll your eyes at this question but it is a valid one: Are you sure you do not have the money? Sometimes people have money put away that they do not think about. Perhaps there is a savings account your parents or grandparents opened for you when you were a kid that you just never think about. Maybe you have made some investments that you can cash out or bought a CD that is now mature or will be soon. In any case, I wouldn’t be surprised if you manage to find money for rent.

When I worked at Chili’s as a server, I would keep letter size envelopes for my bills. Every night when I got off, I would split my tips between each bill’s envelope. I usually kept the envelopes at home, but one day I took them to work because I was working a double and needed to pay some bills during a break. When I was done, I threw them in the console of my car, and promptly forgot about them. Months later, I opened my console for a pen and there sat those envelopes- full of cash. I had over $500 that I totally forgot about. I had worked so much and been so tired that I was not keeping up with what I made at all.

How about you? Have you hidden some money from yourself before? If you are the type that might do that, check your drawers, behind picture frames, small pockets in your wallet, and any other nook and cranny you can think of. You just might surprise yourself.

Do you receive a lot of gift cards for holidays that you do not use? There are places, such as payday loan companies, that will buy those gift cards from you. They generally will not give you the full amount that is on the gift card, but if they are just sitting around not being used, it might be worth it to get some cash instead. You can always call ahead of time to see who buys them and how much they take so you can make up your mind before you go.

Lastly, how about change? Do you save your change or just throw it in the bottom of your purse or somewhere else at the end of the day? It is insane how quickly coins can add up when you are not paying attention. If you have some change hiding anywhere, you can either take it to a Coinstar or roll it and cash it in at your bank. Coinstar is the more convenient option but it also takes somewhere around 10% of your change. If that is not a problem, go dump those babies right in and let the machine do the hard work for you. Do not be surprised if you have $50 or more if you have not been keeping up with it.

Ways to Make the Rest of Your Rent

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If you have searched every corner of your mind and home for the money, and you are still short, it is time to move to phase two: make the money. The easiest way to make the rest of your rent money is definitely from a steady check but you probably do not have time to wait for payday. If you did, unless you are like me, you probably would not be looking for ways to get rent money, so let’s look at fast cash options.

Talk to friends and family. At this point, you are not asking for loans for rent but asking if they know how you can make some quick cash. Often, people will be willing to pay you for a job, even if it is just once. For instance, my mom is quite the hoarder. I have finally talked her into cleaning out her storage buildings (yes, that’s plural) but she does not want to do it alone. Though I would do it for free, since she wants me to take a day off to do it, she wants to pay me.

I have a friend who has offered to pay me to homeschool her children, and another friend asked if I could come in just twice a month to do heavy cleaning in her home simply because she works all of the time. No one wants to spend all of their off time cleaning, cutting the grass, or other boring tasks. They would much rather relax, spend time with family, or go fishing. When you talk to people you know, you may find that many are willing to pay you for some quick jobs.

You have probably heard this a thousand times but yard sales are great ways to make quick cash. Have you ever started packing to move in the past and wondered where on earth all the junk came from? I know I have. Clutter is so easy to accumulate and we often overlook it. It becomes a fixture in our homes. I am going to give you an invaluable tip I learned years back to fix that problem.

When you are trying to clean out your home, organize it, or rearrange, walk around your entire house and take photos of every room from every angle. Then put the pictures on a laptop or tablet so that you can see them well. For some crazy reason, we can find pretty much every flaw in our home when we see it in a photo. If you think you have no junk to get rid of, you will probably prove yourself wrong with the photos.

Get Emergency Funds

Sometimes when you need help paying rent, you can get that help through government assistance or charitable organizations. These will vary from city to city, but the following is a list of places to check into:

-Reach out to United Way. They themselves are not necessarily a charitable organization, but they know places that they can send you. They have a website, but you can also dial “211” on your phone for the information.

-Salvation Army- If you have one of these in your area, they will often help with rental expenses at least once.

-Catholic Centers- The names vary, of course, but you will usually be able to find them pretty easily. The one in my area is called “The Catholic Center of Concern”, and you do not have to be Catholic to receive help. They actually just genuinely want to help those in need.

-Churches- Many churches have funds to help people, so call around to see which ones in your area may be willing to help.

-HUD- If your income is low enough and you meet certain requirements, the government program called HUD may help. In fact, you may get monthly assistance if the requirements are met.


Going into debt is never fun, but neither is not being able to pay your rent. Losing your home over lack of cash, especially if you have a family relying on you, can make you feel very discouraged. Discouragement can lead to other negative issues, so you definitely want to avoid it with all of your might. Try to find or make the money to pay your rent. If that does not work, go for a loan. One can provide some temporary relief and give you some time to get back on your feet.


Need A Loan For Rent: Use with Caution

Rent is a necessity that thousands struggle to pay each month. Sometimes the income does not flow for the month as expected. Maybe the landlord has raised the rent without much of a notice. When this happens, tenants have not a choice but to pay the rent or be forced to leave. Have you found yourself looking and need help paying rent? Maybe an emergency has arisen and you are in need of emergency help with rent. If the eviction notices are coming soon, it may be time to consider a loan to pay rent.

Is Eviction Coming Around?

Резултат слика за eviction notice infographic

If this is not your first month falling behind on your rent, and your landlord has given you multiple warnings, eviction may be right around the corner. Eviction does not come immediately after a missed rent. Indeed, it can take up to a month for the landlord to process the written notice and give you. That’s the time for the tenant to catch up the rent or find another place to stay. If you are expecting this written notice to appear soon, then you may need a loan for rent. Before the eviction notice is provided in written format, seek out what you need a loan for rent. Then find where you can obtain it.

Before your landlord can officially remove you from your dwelling, know that you do have rights. Plus you have a time period to make up the difference in pay if the landlord will allow you to do so. If they choose not to agree to you paying the rent, and they want you to leave, you have 45 days to have your stuff removed. Keep it in mind: once they document an eviction date, they are legally within their rights to enter the property after that date. They can also remove your items. Many come home to find their stuff outside of the home and some stuff was taken by those walking by. When you are provided an actual eviction notice, it is time to take action. Make a decision on how you plan to move forward.

Be Cautious If You Need A Loan For Rent

If you do need a loan for rent though, it is essential that you consider the financial obligation you will have in the months to come until the debt is repaid. Consider the interest rate that will be added to the loan and the overall payback amount of the loan. If you need a loan for rent, say maybe $500, do you really want to pay back $1500 on that loan, for a total of $2000? Surely the answer is no matter if you need help paying rent. A loan to pay rent should not be something that will burden you so bad financially that you are unable to swim out of the debt.

Also, consider the number of monthly payments you will have with this loan. For those online personal loan lenders, many require payments twice a month. Is this something that you can afford? These payments are broken down this way to make the loan appear more affordable. This way you can also pay it back with thirty months or less. Most of these loans require a quick repayment. The best way to do that is to double up on the payments.

Where To Go If I Need A Loan For Rent

If you have decided that you would like to take out or need a loan for rent, there are several financial institutions that are willing to loan you the money you need to make your rent payment current. Below are some of the options available for emergency loans that are used to pay rent.

  • Banks
  • Credit Unions
  • Title Loan Companies
  • Local Financial Institutions
  • Online Personal Loan Lenders
  • Payday Loan Lenders
  • Pawn Shops

If you are really looking for cash, there are several options available to you that you can find physically or online.

Bank/ Credit Union

If you happen to have fair or good credit scores and you are desperate for a personal loan, then visiting your local bank or credit union would be your best lending option. Their interest rates will be the most affordable on the market, and if your credit score meets the criteria demanded these loans then you should take advantage of this option. For those of us with less than fair credit, we are looking at the remaining options as lenders.

Title Loan Companies

These financial lenders offer you cash without the need for a credit report, making them heavily used by those with bad credit. What they do require in return, however, is a lien on the title of your vehicle or motorcycle that you own. Until you pay the loan back, they will hold the title and temporarily own the car. This allows them the ability to get their money back from you should you decide not to pay your debt. They will obtain your car and sell it for the remaining balance due on your account.

Local Financial Institutions

You have seen these companies tucked away in your local shopping plazas, or maybe you have received one of their letters in the mail inviting you to borrow money. When you visit their location, you can expect to be approached with a secured loan offer. Yes, you guessed it. Very much like the title loan companies, these institutions require some form of collateral before moving forward with processing the loan. While you may not need a vehicle for these loans, they will require things like a list of serial numbers for valuable electronics and furniture that they can obtain should you decide not to pay your debt to them.

Online Personal Loan Lenders

When searching for lenders online, the use of a lender finder service tool will allow you to submit a pre-approval application and receive a variety of offers from the different lenders available. While these lenders may not require a secured loan, and not ask for collateral, they will require a credit report to determine your interest rate level. Expect the interest levels on these lenders to be so high that you could repay your loan several times with the amount of interest they are charging. Depending on the state you are in, there are some states with caps on the interest rate, but they are still much higher than competing lenders. Also, many of these lenders require bi-weekly payments. What this means is that you can expect to provide a payment not once but twice each month around your scheduled payday.

Payday Loan Lenders

These lenders often do not loan out more than one thousand dollars at maximum. While your credit may not be run at these lenders, they require proof of income before lending you money. They also expect these loans to be repaid in one or two paydays maximum, hence the name, payday loans. These loans are always used for some sort of emergency, and if you are behind only several hundred dollars on the rent, this may be an option for you. However, consider the maximum amount loaned when considering this option as a lender. Also, whatever you borrow from this lender, they will expect that amount to be paid with interest on payday, so make sure this is something that you can afford.

Pawn Shops

Do you have some valuable jewelry, equipment, or antiques that are valuable? If you want to borrow money from a pawn shop, expect there to be a significant amount of collateral required. Should you not make a payment, your property that you use as collateral will become the property of the pawn shop, and you could be forced to buy it back if it is something that you want. If you own something valuable that is very dear to you, it is not recommended using it as collateral, should life throw you a curve ball and you find yourself unable to pay back the loan.

Am I Eligible With Bad Credit If I Need A Loan For Rent?

Bad credit is a credit score that is at 649 or below for most financial institutions. It is considered for both initial approval and also for determining the interest rate for the approved loan. For those of us with bad credit, we often believe that we are not eligible for the same things that others with better credit take advantage of daily. While decent interest rates may not be available, if I need a loan for rent with bad credit, there are options available to assist me with getting through the hurdle. I have the option of unsecured loans online, and secured loan options with my local finance lenders, payday loan companies, pawn shops, and title loan lenders. These are options if you can’t get the money to pay rent.

What Other Financial Options Do I Have If I Need A Loan For Rent?

If you need a loan for rent, make sure that you have considered every other option available to your first.

  • Borrow from family or friend
  • Pick up extra shifts or side hustle
  • Credit Card Advance
  • Bring In a Roommate

While it may not be the best option available, you may need to ask a friend or family member who has the financial means to provide you with the money to make the payment. Take your family member or friend to lunch and ask them about borrowing money. Let them know the situation. Then ask when they would like the loan to be repaid. Be professional with the request and draft it up in a professional response. Sign the contract and let them know that you will be repaying the loan.

Pick Up Extra Shifts

Maybe you can take up additional shifts. That will give you the extra money for rent when you need to catch up from the previous month. With enough shifts, you may have enough to catch up or give the landlord a significant amount of money. This might help you to avoid a loan for rent.

Explore the Option of Credit Card Advance

Most credit cards come with the option for a credit card advance. You can take the card to a bank and have the cash advance completed so that you can take that cash to your landlord. This way, you catch the rent payment up and avoid the need for a loan for rent.

Find a Roommate

If so, it is time to take on a roommate. With a roommate, you have the option to split the rent with them in half, as well as the utility bills. Taking on a roommate that is responsible can lead to better monthly budgeting. You can save money with the assistance for the rent and utilities. It will prevent the need for a rent loan in the future.

How Can I Save Money To Avoid The Need A Loan For Rent?

In order to prevent getting a loan to pay rent, it is important to consider saving money in the future. So that you can avoid the need a loan for rent. Taking advantage of extra income is something to consider when you are looking to make savings. Whether you want to work additional hours at your current position, take a second position, or take a side hustle, you should consider multiple streams of income in order to generate a savings plan for your monthly budget.

  • Babysitting
  • Dog Walking
  • Waiting Tables

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

Babysitting & Dog Walking

Whether you have service experience in things like babysitting or dog walking, there is money to be made. Those can make a substantial income. Working a few nights on the weekend or walking dogs during the day if you work at night will give you a few hundred dollars a month. With this few extra hundred dollars a month, you can begin building your savings. This way you have future rent money for the months when work is slow and the income is not coming in as regularly as it once was. Once you get one or two clients, you can expect your clientele to begin to grow with positive recommendations from these contacts. Advertise your services in your local community and on social media in order to build your clientele.

Waiting Tables

Maybe you want to wait tables in the evening after your primary job. If so, tips from waiting tables can become a consistent source of income. Because the tips vary from night to night, it is important to put the tips from the better nights away in savings for that rainy day and short on rent month. In the busier months, servers can make a significant amount of money in just a few nights, so you do not have to work every night after work. Just a few extra nights a week could make all the difference in the savings.


If you think you need a loan for rent, it is important to know that you do have options for the loan and also other options to consider before you come to the need of the loan. If you still have time to make the money, it is best to consider other financial options prior to taking out the loan. Seek out roommates, additional income, or borrow from family right away to catch up the rent.

If you are at the point of taking out a loan to pay rent, then you need to consider taking out the best option of loans. Review all of the interest options available, and choose the loan that will cost you the least amount of money each month. Be ready to take on other options moving forward to prevent the need for future emergency help with rent. From a roommate to a second income, consider all options available to you before you take out a loan that will continue to be a part of your monthly finances.

Borrow Money for Rent: Options Available

Most people are flocking the cities because of job opportunities. After graduation, your main thought is to move to the city to get a job. You tend to forget about other factors such as where to live. Why? You can just rent! Paying house rent is one of the realities that most people must face every month. Some need help paying rent to avoid being evicted. Some need cash to at least pay a partial amount. The bottom line is, most people often borrow money for rent.

Borrow Money for Rent – Taking Out a Loan

If it is your first time to miss paying your rent, you can talk to your landlord. If it is the 3rd or 4th time, talking to your landlord might not work anymore. This means you have to borrow money for rent. The good news is, there are ways to get emergency help with rent. Some property owners will need your rent because they have their expenses too. This means that they want a paying lessee. They will evict you unless you take a loan to pay rent.

State Loan

Applying for a loan online vs in person

Most states offer rental assistance program. Check with your city office if there is something they can help you with. The housing and development office might offer you assistance with a state loan. State loan is a small amount of cash that the government gives to residents with housing and rental problems. There are requirements involved but if you are a legit lessee, providing requirements won’t be a problem.

Smart Tip!

Most cities or states offer housing programs. If they think you are qualified, they might offer you the chance to take one of their units. Instead of facing the cost of your current rent, you might be able to pay less and still live in a decent place.

Bank Loan

If your state doesn’t offer this kind of help, ou can take small loans from your bank. Visit your local bank and find about their offers. You can easily get a loan if you have a good credit standing with them. if you have bad credit, you might need to consider other options to borrow money for rent. Improving your credit score will always help you with getting a loan, so get your credit in check as soon as you can. Ultimately, you can research online to find organizations that help with rent. There are plenty of them and you may find an option that can be a way out of this situation.

Payday Loans

If you tried everything else, use payday loans as the last resort. Now, we are not saying they are bad and you should only get them if you’re desperate. We’re actually saying that out of all other options, this is the one that has the worst terms i.e. the highest interest rates. You can find payday loans online via different companies. They also have a mobile app that you can download to process your loan application. These agencies or companies ask for a few requirements before processing or approving a loan.

Payday loan providers can release your loan in as fast as 48 hours. Once they receive your application, they can run a quick background check. If everything is in order, you can get the money fast. However, you should be aware of the high-interest rates that payday loan creditors are offering. If you just need emergency help with rent, then a payday loan can be your savior.

If you’re not sure you can pay off this type of loan, do not get it. Don’t risk it. The best time to take out this loan is when you know that you have some money coming in and that you’ll be able to pay it off. But if your future income is uncertain, this is not a good option for you.

Why Get a Personal Loan?

Getting a personal loan is not merely going into debt. Essentially, yes, you owe money and pay interest on it. But there are some good sides to taking out a personal loan. For example, it helps you build or improve your credit score, If you’re trying to build credit history, paying off a loan every month will do just that. Additionally, if your credit score is not that great, making regular payments for your loan will improve it.

Also, getting a personal loan is not a long and tedious process. If you find a lender whose requirements you meet, the application process usually doesn’t take a lot of time. When the lender reviews it and if they decide to give you a loan, the money should be in your account in a matter of days.

What to Do Before You Borrow Money for Rent? 

Before taking out a loan, you can do several things that include talking to your landlord. You don’t have to consider going into debt right away, before trying other options. Landlords are also people and they understand that there are rough patches in everyone’s lives. If you are a tenant that pays regularly, you might have a chance to reach an agreement with your landlord.

Talk to Your Landlord

So, you suddenly had an emergency. The money for your rent is gone. What should you do? There are things that you can to solve your issue. Before borrowing money for rent, you can talk to your landlord first. Inability to pay your rent for the first time won’t result in immediate eviction. Before your landlord will evict you, a process must be observed. You don’t have to wait for the process of eviction to begin before you act. Talk to your landlord as soon as you are sure that you can’t pay on time.

Pay Partial Amount

One way to prevent eviction is to pay a partial amount of your monthly rent. Tell your landlord that you currently need help paying rent and you’re looking for a solution. A partial amount can be half or one-third of the actual rent. You can make an agreement with your landlord as to how you will pay the balance.

Make a Promissory Note

If your landlord wants everything in black and white, write a promissory note. Tell your landlord the reason why you are behind your rent. Promise a date as to when you can pay.

How to Avoid Borrowing Money for Rent?

If you missed your monthly rent because you had an emergency, it is okay. However, if you are constantly missing it, there must be a problem. You can’t keep on borrowing money for rent. So you need to do something to better your financial situation. There are several steps you can take and with time, you will be able to secure enough money each month to cover your rent. So, how to avoid borrowing money?

Check Your Budget

You don’t have to constantly borrow money for rent if you are aware of your income and expenses. In order to do that, you need to create a budget. We know that many of you are dreading this, but a budget is a first step to financial stability. When you know how much money you have, what the most important expenses are and how much money you’ll have after you pay them, you can then create a plan for paying rent. How much are you earning? What are your financial obligations every month? Are there any expenses that you can live without? When you answer these questions, make a budget and stick to it, days of borrowing money to pay rent are over.

Create an Emergency Fund

When you get your finances in order, you need to start thinking about the unexpected expenses you have from time to time. These expenses usually get you off the track and make you borrow money for rent. But, if you have some money for emergencies put aside, you won’t need to borrow money for rent every time your car breaks down, you get sick or something unplanned happens.

Get a Roommate

They say that your rent should be less than 1/3 of what you are earning. If you are earning $1000 in a month, your rent must be around $350. If it is more than $350, maybe it is best to get a roommate. A roommate won’t just share your room rent, he or she will share your utility bills as well. By doing this, you will not only ensure that the rent is covered every month, but you can also save money on rent.

Check your Utility Bills

There are services that you need and services that you can let go to cut expenses. Make a list. Consider which services are necessities and which one is good to go.

When Can I Get Evicted?

If you are unable to get a loan to pay rent, you should talk to your landlord immediately. Your landlord can give you an extension. Depending on your contract, you might or might not have to pay interest. For the worst-case scenario where your landlord threatened to evict you, you can always try applying for a personal loan to pay your rent.

The Landlord Won’t Budge – Eviction process

If you tried everything unsuccessfully, and you don’t want to or cannot get a loan, then there’s a higher chance you will get evicted soon. But don’t get desperate! Usually, something will work, or you’ll be able to take out a loan to help you with the rent. But still, you should know what to expect during the eviction process. It is certainly not a long process. You’ll get a written notice from your landlord that often contains the following:

  • The reason why you are getting evicted
  • How to resolve the issue
  • Your violation of terms of the agreement

After receiving written notice and you haven’t done anything, your landlord can send you a quit or eviction notice. An eviction notice contains the following:

  • The reason why you should vacate the property
  • The date as to when you should vacate the place


Having to borrow money for rent is inevitable. Sometimes we really get into a mess that we can’t even afford to pay our rent. Before deciding to rent a place, you should consider checking your budget first. if you will need to manage your budget, you can ask for help. There are groups and people who can help you manage your finances. This way, you can avoid wondering where to get borrow money for rent in the future.

Personal Loans For Rent And Deposits

Personal Loans For Rent And Deposits

Renting an apartment can be cheaper than buying a home. Which typically requires a large down payment of at least 20% plus additional closing costs. However, just because renting is a more affordable option when compared directly to buying a home, does not mean that it is an affordable endeavor. Aside from rent and utilities, renters will also need to be cognizant of other costs. Like several months rent, deposits, moving fees, storage fees, and deposits for utilities and services. If you do not have the income to make rent, then you can eight be priced out from your dream apartment. Or you could consider taking a Personal Loan to Pay Rent.

Personal loan to pay rent can help. Especially when it comes to the initial deposit and costs of moving. Compared to other types of financial products, personal loans tend to have favorable terms and conditions. It means with a very low APR when compared to credit cards and hard money loan.

Loans to Pay Rent and Deposits

It is important to remember that a personal loan to pay rent is not free money. This is money that you need to pay back in monthly installments. Depending on the provider, the loan will have fixed or variable rates. With a fixed rate, you will be paying the same monthly installments for the life of the loan. It is easy to budget into your family plan. Since you will know what to expect from a month to month basis. Alternatively, you might also bump into personal loans that have variable rates in your research. Variable means that the interest rate can change on a whim. Even though the interest rates are volatile, they tend to be a bit lower than a fixed rate. Typically your personal loan to pay rent will have a fixed interest rate.

Regardless of the type of personal loan, it can be expensive to onboard. The ideal candidate for a personal loan to pay rent who is renting is a person who would need assistance with the initial stages of moving. They need extra discretionary income to absorb these costs. Other than the initial costs, they have the means to afford rent and utilities.

Another ideal candidate for a personal loan is someone who needs to absorb the cost of an emergency. For example, while most landlords are required to take care of structural issues or if there is some sort of electrical malfunction. Then you may need to relocate for a couple of days. Or purchase additional equipment to replace broken or damaged ones. A personal loan, while not directly used for rent, can be used to accommodate for some of the financial pitfalls of associated with renting.

Where to Get a Personal Loan for Rent or Deposits

The easiest way to find and apply for a loan is online. Not only you don’t have to go anywhere, but you also get your money very quickly after you get approved. The key is in choosing a good lender. By good, we mean a lending company that won’t scam you or break the agreement. Loanry can help you find these lenders and get in contact with them. Not only will you find them, but you may also get personalized offers from them after you fill out the form below.

Benefits of a Personal Loan

Personal loan to pay rent, emergency help with rent, and security deposits. Moving in itself is expensive. There might be a temporary cash shortage. Borrowed money in the form of a personal loan can bridge that gap. People who need emergency funds borrow money after all other forms of assistance have been exhausted. Here are some of the unique benefit of a personal loan. Plus, how Loanry helps with the research to find a lender.

Helps you with the security deposit

Are you applying for an apartment or a home for rent? Then it’s important to know that you are most likely battling against other renters who want the same space. To improve your application for an apartment, you might want to include several months worth of deposit. Which will put you ahead of other renters who are just paying for first month’s deposit.

Not only that, while a security deposit is required for most apartments and homes for rent, they can be a huge challenge. Especially for a tenant who might be able to comfortably accommodate rent but do not have the additional cash in hand to pay for the deposits. Once your personal loan to pay rent is approved, the funds are disbursed and the borrower can spend the money as they desire — typically it’s going to be for the cost of moving.

Favorable rates and the potential to borrow a higher limit than credit cards

Most lenders who establish personal loans realize that most people who are applying for them need much higher limits than a credit card may offer. For example, according to the Consumer Financial Protection Bureau, the average credit limit was between 10,000 and $6500 for prime borrowers and about $1200 for subprime borrowers. This may not be enough, especially if your credit history is not pristine. Where you do not have the income to be categorized as a super prime borrower. The limits on credit cards are sometimes too low to absorb the high cost of moving. Even if you’re able to accommodate the cost of moving with a traditional credit card, then you will most likely go beyond 30% utilization limit. Causing your credit score to take a dip.

Personal loans tend to be a lot more generous when it comes to the credit limit. Not only that, but personal loans also have favorable terms. Those usually being below 15%. The typical credit card has an APR interest rate tacked onto it that is usually north of 18%. This translates to at least several hundred dollars in savings during the life of the loan. Not so say thousand. Keep in mind that just like a credit card, institutions that issue personal loans look at different things. Among which: your debt to income, ratio frequency of on-time payment, employment history and your credit score.

There is no collateral

Obtaining a personal loan to pay rent is relatively straightforward — you apply with personal loan issuer with a traditional bank or credit union. The bank that you are already partnered with may also be more accommodating to current customers if you want to purchase a secondary financial product like a personal loan. This makes the process of obtaining and processing a personal loan easy and straightforward — with most people securing their funds within days.

Since personal loans are an unsecured loan, there is no collateral required on your part. The consequences of defaulting on your personal loan are still severe. But there’s a peace of mind knowing that you will not be losing your home, vehicle, or any other asset.

Predictable payment

Unlike a credit card, budgeting a personal loan is very straightforward, especially if it has a fixed rate. Before the personal loan is given to you, you will be presented with additional information like the terms of the personal loan, APR, and interest-rate. There will also be a predictable repayment schedule, that way you won’t be surprised with any additional fees or fees during the life of the personal loan. Once approved, you know how much you to repay each month, how many months it will take to repay the loan in full, and the total interest costs accrued.

Refinancing other debts may help with your renter’s profile

When you apply for an apartment, your credit history will be scrutinized. A personal loan can help refinance all your debts into one payment. This will be looked upon preferably versus the debt tacked to all of your current credit cards. You may also find that by consolidating your credit card debts with a personal loan, your credit score will improve. This will only help your renters profile when applying for accommodation.

Before You Get a Loan

Before you apply for a personal loan to pay rent, put yourself in the position of the personal loan issuer. These identities have departments that will scour your history. You can do that by checking your credit report. By law, you are entitled to one free copy of your credit report from the three credit bureaus — Trans Union, Experian, and Equifax. When you get a copy of your credit report, fix any mistakes and discrepancies.

Can it affect your score?

Take a close look and check for any mistakes that could negatively affect your score. You want to put a spotlight on debt that you have already paid off but is still being reported to the credit bureaus, information that is not yours due to a creditor confusing you with someone else in your family with a similar address or name, information that is associated with you which may stem from identity theft, and information from your spouse or former spouse that shouldn’t be there. Even if you have older accounts that have been discharged, you may want to contact old debts and ask them to have it removed from your credit report.

Called “pay to delete”, this is where you settle an old debt, as long as the collection agency deletes it from your credit history. You may also want to ensure that old debts are verified — if they aren’t able to verify it, then it can be legally erased from your credit report. Doing these things will clean up your credit report. This translates to old debts dropping off or being deleted. This streamlines your credit file and will remove incredulous debt.

The “Pay to Delete” method

After you get a hold of your credit report and notice that all the debts that are dragging your score, then you might be able to go with a payment agreement. The pay to delete method can be used to delete this old piece of information. By offering to pay the delinquent debt in full – or for less if you know how to negotiate – then the collection agency will erase the record off of your credit. It’s not common practice, but it is a legitimate form of deleting old debts. About 10% of collection agencies will agree to pay to delete agreement. While this is a relatively low number, it still doesn’t hurt to try.

You are most likely to have success with smaller stores or smaller collection agencies if the debt has been sold to a small settlement company. If you have debt from credit cards or other major institutions then realize that you might not be able to ask for this sort of agreement and you will be required to pay off the debt or have it linger on your credit report until it falls off by itself within seven years.

Lower your debt to income ratio

A personal loan is still a financial product, and they’re going to scrutinize your income, income sources, and credit history before they enact a loan or conjure up the terms and conditions. A debt to income ratio compares the amount of debt you currently have, with your overall income. The institution that is going to issue your personal loan likes to see a relatively low debt to income ratio. This shows that you are responsible with money that you generate and that you aren’t leaning into financial products for financial help — the money that you generate is enough for you to rely on. Divided the total reoccurring monthly debts by your monthly income. This number is expressed as a percentage, with the lenders liking to see a 36 percentile or lower.

Having a partner with better financial health? Take advantage!

Some companies allow personal loans that can be applied to with a cosigner. If your partner has a great credit history and solid income — and they are presumably also going to be living with you in your new apartment — then you will be able to secure a loan with higher limits and more favorable terms and conditions. Before you try to use a cosigner, make sure that they understand the responsibilities that come with cosigning. Your partner is equally responsible for paying the loan off. The personal loan will appear on your credit report, and also your partner’s. As long as your partner understands this contract and make it a priority to ensure that monthly payments are on time, then a cosigner can help you save money on your rent in the form of a lower interest rate for your personal loan to pay rent.

Does your personal loan have origination fees? These are fees that are tacked onto your personal loan and are allocated for processing. The origination fee will be deducted from the loan amount. Be aware of these fees, since they can lower your personal loan and can adversely affect the ability to pay rent or deposits.

Should You Use a Loan To Pay Rent?

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

Now that you know how personal loans work, what creditors are looking for, and how to secure a personal loan with a favorable rate, it’s important that you use a personal loan responsibly. Working to get the most out of your loan comes way before the loan hit your bank account. It takes purposeful planning, commitment, and smart finance manage. Most personal loans have a repayment window of one to three years . That’s a lot of time to repay the loan. That’s also a lot of time for something to go wrong. It’s important to prepare for those rainy days where you might struggle to repay your loan.

Do not try to use personal loans for frivolous things like vacations or lavish wedding. Once you find out that you can get a personal loan, some start to imagine vacations in exotic beaches. And some might have dreams of lavish weddings — which is, unfortunately, a common pitfall when taking a personal loan. While these experiences are important, the best advice is to do so when you have the extra money, and not rely on an institution for life events.

What about additional payments?

When you shop for a personal loan to pay rent, make sure that the issuer enables you to make additional payments without penalizing you. Some personal loans will require that you pay monthly payments — no less and no more of these monthly installments. This is to ensure that you repay your loan on time. And that the creditor is able to reap interest revenue from you. You want to work with a personal loan that gives you the leeway of making additional payments whenever you have the discretionary income. Once you get your loan and pay off rent and moving fees, you will be able to tackle your personal loan more aggressively.

Final Thoughts

As long as you have shown that you are financially responsible and are ready to onboard an additional financial product into your budget, then a personal loan can be the go-to solution when moving or when you want to be able to accommodate several months worth of rent deposits.

Emergency Loans for Rent: Payment 911

It can be an absolutely terrifying feeling to know that you do not have the money to pay your rent. I know the feeling. I have been there more than once. And there are so many reasons one may not have the money. A very unexpected job loss could occur leaving you in a lurch. Sickness, broken bones, or surgeries may cause you to miss work. A flat tire, dead battery, or some other car trouble could threaten your ability to get back and forth to work and you have no choice but to spend bill money on car repairs. Life happens to us all. We may get knocked off course, but you do not have to get knocked out in the process.

Emergency Loan For Rent? Here is What You Need To Know

Emergency loans for rent, or any loans for that matter, are only a wise move if they are going to actually help you- and I do not just mean for this second. Yes, you need the immediate relief of keeping your home but not at the expense of being in a worse financial state next month. If you get a loan now but will not be able to pay the payment or your rent the next month, you will be in a worse situation because you probably will not have another loan to fall back on.

It is not impossible to get another loan, but it is not likely since your debt to income ratio is often considered when approving or rejecting your loan.

Eviction Notices

If you have never had an eviction notice before, they can be confusing. Well, to be honest, they always seem to be confusing. Though things are different from state to state, you usually get some type of warning or chance to fix the problem before you are actually evicted. For instance, if you are behind on rent, you will often get some type of notice that says you have two weeks to catch up your rent or the eviction process will move to the next step.

Of course, I have also heard of places that can just tell you that you have three days to move out. Regardless of your state, you can call the office that the eviction notice came from or an attorney to get some clarification on what is going on after you have received the notice. They can tell you what the next step is and even advise you on what you may be able to do. Whether you have received the notice or just fear you will soon, you need to be making plans for getting the money you need. One way to do so is with emergency loans for rent.

Smart Money Tip!

If you are sure you can pay it back, barring any extreme circumstances, it is probably okay to take advantage of a loan. If you know you cannot pay it back, look for another way to come up with the money.

What Are the Best Loans to Get?

Let’s lay it out simply: the best loan for a rental expense emergency to get are the ones that give you the money you need at a low-interest rate and a reasonable repayment period. Most often, these will be personal installment loans and personal lines of credit. A personal installment loan is one that usually offers a low-interest rate, and you make payments over a set time period. Personal lines of credit are more like revolving credit. If you are approved, you can continuously borrow money until you reach your limit- kind of like a credit card. If you must get a loan, go for one of these first as you will have a much better chance of paying them back without too much hassle.

How Do I Find A Lender?

If you can’t make rent and need help, there are few different options for lenders. A great one is through your bank if you have a good standing with them. A bank, especially a credit union, can often loan you money with really low interest.

Another way is by simply searching for “emergency loans for rent”. Many will show up in the results so you have to be careful when choosing one. You will likely see local results that you can apply for. A good idea here is to check the website or social media pages for reviews. If you choose to go local, choose one that others have a good opinion on.

In those results, you will also see online lenders. These can be extremely convenient since you can apply and do all of the paperwork online. Just like an in-person loan, you will be required to show and share personal information, so it is vitally important that you be careful where to apply online.

Will A Loan to Pay Rent Affect My Credit?

Taking out emergency loans for rent will likely not negatively affect your credit any more than not paying your rent. Some landlords, though not all, will report your payment history to the credit bureau. Even if they do not, if they go through the court system to evict you, that will show on your records. Also, if the judge awards them any money, that judgment will show up on your credit report. Basically, not paying your rent can mess up your credit.

Loans will show up on your credit, but whether they are a good mark or bad mark on it is up to you. Not paying, or being late on those payments, will indeed negatively impact your credit. However, making all of your payments on time will look great on your credit. So the bottom line is that yes, a loan can affect your credit but it can go either way. Not paying your rent can only go one way.

Are There Alternatives to Emergency Loans for Rent When You Are in a Bind?

For those who are not eager to jump into debt, there are other options to consider to avoid a rent loan:


I am quite sure you have heard at some point that communication is key. If you have not, I am filling you in now. Before taking any drastic steps, talk to your landlord. Let them know that you do not have the money at the moment but that you can get it to them (fill in a date here). Just be sure that the date you tell them is a date you really can pay.

Some hard cases will tell you that you have to pay on time, but many will work with you. They may charge a late fee, but most landlords do not want the hassle of having to evict you over your rent being a couple of weeks late. If you have any of the rent money, let them know that you can pay that much now and pay the rest on payday- or whenever you can. It is better to try talking with them before putting yourself into debt.


While talking to your landlord, there is another tactic to try. Many landlords are not organizations but individuals who have to do everything themselves or hire jobs out. If you have a skill, or a willingness, to do some work, they may be willing to trade your work for some time off of your rent. For instance, if you are a plumber or electrician, you might offer those services for homes he needs to fix up. You could also offer to paint, clean, or mow the lawns of homes they are working to get rented out. Taking a couple of hundred dollars off of your rent may save them many hundreds or thousands.

Emergency Help With Rent

I have never heard of a single city that does not have some type of assistance program. When you need help paying rent, call around to local churches or charitable organizations in your neighborhood. Call “211” for United Way to give you some numbers to call. You can also just ask people you know where the organizations are, or do an Internet search. Many of these places do not advertise so you might only find out through United Way or word-of-mouth.

Quick Cash Fixes

There are, of course, some ways you can make money pretty quick:

-Sell some electronics on Craigslist or Facebook groups.

-Have an impromptu yard sale.

-Trade in gift cards for cash.

-Sell some jewelry, music equipment, game systems, or anything else you can.

-Look around your home for items you bought but have not opened or worn. Return them to the store you bought them from if you are still within the return window.

Prevent a Repeat

After you have taken care of the imminent threat of eviction, you want to try to prevent it from happening again. Though not everything is controllable, look over the following list and try to put a few of them into effect:

Save on Expenses

So many things can fit in this category, but here are a few to get you started:

-Turn lights off that you are not using.

-During the day, open the curtains instead of using artificial light. If it is summertime, only do this on windows that the sun is not blaring through to cut down on cooling costs. If it is wintertime, only open windows where the sun is shining to allow solar energy to cut down your heating costs.

-Take shorter showers.

-Look into a tankless water heater. These get really good reviews and seem to save a good deal of money. Your landlord may even deduct the cost from your rent for making that improvement.

-Cut back on eating out. Also, in the summertime, eat as many cold foods and crockpot dishes as you can. That will not only save on your energy bill because crockpots take so much less energy than stoves and ovens, but it will also save you on cooling costs since your oven will not be heating up your home.

Save on Rent

VIDEO: Ways to Save on Your Rent

Okay, question: are you in your current predicament need emergency help with rent because the cost of your rent is too high? Have just barely been making it? If the answer is yes, you probably need to move somewhere more affordable. If your rent is already on the low end, you may want to yell at me right now that your rent is as cheap as you can get. I am willing to bet that there is something cheaper, without having to move into dangerous neighborhoods.


First, there is housing assistance. The government has places, like apartments, that they will rent to you based on your income- and I promise they are not all terrible. I have lived in a couple before and they were actually nice apartments. On top of that, however, is the HUD assistance that, if you qualify, will pay part of your rent in certain homes.


Second, talk to friends and family. Sometimes they will know people who rent homes much cheaper. Then, take a ride around and check your local newspaper- the physical one that most people no longer read. Check out any addresses you may find, and do not be fooled by the outside. If you find something that fits your budget, check out the inside. Looks can be deceiving.

For instance, about ten years ago, my husband and I were looking to buy a house. We ran across this incredibly cheap one that was selling for $14,000. My first reaction was to think that it must be a horrible place, but we called the realtor so we could go inside anyway. When we pulled up, we almost turned around.

The outside looked awful, but we went in and got the surprise of our lives. There was a beautiful brick fireplace, a chandelier, French doors that led to the dining room- and all of that was in the first two rooms we looked at. It was gorgeous. The owners had spent their money beautifying the inside instead of the outside. Never judge the inside by what you see on the outside.

Set a Budget

Whether you move or stay in the same home, you need a budget for rent that works. Your income needs to match or exceed your outgoing. This may mean you have to cut some things out like cable, but really, Netflix is much cheaper. And, most cable channels have a website that you can watch their shows on. You can always cut down to make your budget work if you are willing.

How to Plan a Budget for Rent: Frugal Living

Extra Income

The other way to make your budget work is to increase your income. You might be able to do this by picking up extra shifts at your current job, but I learned a very important lesson a long time ago: never rely on just one income. Multiple streams of income are a much safer idea. That way, if you lose one income or it gets cut down, you still have others to work with.

Find yourself what we love to call a side hustle. This can be so many different things from making things like jewelry and candles, painting houses on the side, babysitting, delivering phone books, transcription- the list is endless. I have even known someone who started finding “treasures” in thrift stores, usually in brand name clothing or expensive dishes, and she sold them on eBay.

Someone else I know buys old wood furniture, the kind you would want to throw on the side of the road, and fixes them up so pretty. She bought an old table from me for $50. Three weeks later, she sent me pictures of what she had done and I did not recognize that table. She sold it for $400.

Your side hustle can be anything that you can do for extra cash, even if you only work on it once a month. The point is to have extra income coming in.

Save, Save, Save!

It is so important to have some savings put away. A savings can save you from real trouble- trouble like needing emergency loans for rent because you do not have the cash. Ideally, you should have three to six months’ worth of expenses put away. I know how impossible that sounds but it is possible. Dig in and find some expenses you can cut out so that you can grow your savings.


Having to get emergency loans for rent can be a hard pill to swallow, especially when you work hard. Try not to be too down about it though. Everybody struggles from time to time. The key is to keep moving forward, so deal with the now and prepare for a better future.

Rental Property Loans When You Just Can’t Make Rent

The joys of life that you have in your home are always worth preserving. But it can get tough to make your monthly rental payments. There are countless reasons why people choose a specific place to live, one of those reasons is the budget. We’ll also explore many other reasons later on in this article. However, budget is a top factor when deciding on where to live. You want to be able to comfortably afford where you live so that paying the rent always goes smoothly.

Rental Property Loans to Help Reduce Stress When it Comes to Pay Your Rental Bills

Unfortunately, there are times that paying the rent can feel impossible. Losing a job, medical condition, or divorce are common unexpected life events when you might need help paying rent. Emergency help with rent is available through rental property loans. There are also other personal loans to free up cash to make your monthly payment.

Taking a loan to pay rent is not the most comfortable situation to be in. Certainly, rental property loans can help secure our living situation for that extra time we need. These loans aren’t a permanent fix but will help bridge the gap until you can get your budget back in shape.

Responsible Choices – Living Above My Budget Because Rent is high in My Area

1. School District

You might be one of those families that choose to live slightly above their budget. Why? Because the home you’re renting is located in an amazing school district. Clearly, you’re willing to take the risk of higher expenses to give your kids a better education.

2. Safety and Security

Perhaps the areas at or below your budget just not in the safest part of town. Sometimes squeezing a little more money from your budget in order to rent in a safer neighborhood is worth the risk. Having security for you and your family is surely important.

3. Size of property

Maybe you fall into the situation of needing a larger place to rent. Depending on the number of children you have, those properties might also account for stretching your budget.


Maybe you work from home and want to be sure that the view from your window is really nice. Typically, all things being equal to a home with a better view is going to demand more rent per month.

5. Daily Commute

Another reason you might be paying more for rent than should be in your budget is the proximity to your work. If you can save time traveling and wear on your vehicle, then spending a little more money on rent might make sense. That being said, it is still more money that needs to be paid every month.

Clearly, you can see that there are some very good reasons to be in a situation in which your monthly rent is higher than it should be. But because of it you’ll need emergency help with rent. There are calculated risks in life and many people might pay a little more to have one of the benefits listed above.

Get your budget on the right track – Be mindful of your finances

My Budget is Doing Great, But I’m Still Concerned About My Finances and Paying Rent

You might think that good budgeting means that you can pay all your bills on time and still have some money in the bank. However, it’s great to be able to pay your right on time and all your bills, but it’s best to budget your finances. This means that you have enough money aside to cover at least six (6) months of bills. Although you might end up needing more money if something happens, like losing a job, it’s a realistic amount of time to be able to figure out a good plan to get you back on your feet again.

Let’s be honest, most people cannot even scrape together $1,000 in a pinch let alone have six (6) months of savings in the bank. For those people and many others that just don’t have the cash in hand, a loan to pay rent is the solution. These types of personal loans can truly be a savior to get you through the tough times. Don’t be caught by surprise. Start budgeting now and begin to gear up in case an emergency strikes. It always does, without warning.

Start with a few useful tips to organize your budget and credit too. Keep it in the back of your mind to be ready in case you need rental property loans because you need help paying rent. Having the savings in place is also helpful when paying back the loan. This way you’re also not chasing to make those payments too.

Savings Account

It’s much easier to save money if you can separate your cash in a different account. This way you’ll be constantly reminded that there’s money put aside and that account needs to keep growing. Some backs allow you to round up the difference from every use of your debit account and deposit it into your savings account. Also, with online banking, you can keep moving over money instead of figuring out what to spend it on. You’ll thank yourself by growing a large savings account.

Pack Lunch

Too many people don’t focus on packing lunch. Instead, they rush to a fast food restaurant or diner to eat. Not to mention it’s likely terribly unhealthy food too. Sure you’ll be eating healthier and have full control over your meals, but the idea of packing lunch is really to save money. So, be sure that you take a look at your previous lunch spending, and then every day you pack to make sure you deposit too. Even if you deposit 50% of your former lunch budget, that’s money well saved.

Reduce Debt

Take hold of your credit cards and other debt already extended to you. You’ll want at least try to keep your percentage of utilization low. In the event you have some unforeseen circumstances arise that make a loan to pay rent necessary, you’ll have your best credit possible. This should help the terms and approval rate of rental property loans.

Money Cents: Is it Smart to get a Loan to Payoff Debt?

These three tips will hopefully keep your budget healthy and your finances in check to avoid issues with paying rent. Where you live is a source of security and comfort. Rental property loans exist to help people like you searching for a quick solution to maintain your lifestyle and stay in your home.

When searching for a loan to pay rent, be sure you feel comfortable and you are able to ask as many questions as possible. This should be a solution to get you out of a problem you’re facing, not to transition you into another problem.

Loan Details are Confusing – How to Make Sense of Loans to Pay Rent

1. Interest Rate

You need to have clarity on when the interest rate is and if it’s subject to change. Understand the payments and what is the condition that will cause the interest rate to rise.

2. Prepayment penalty

Are you subject to any penalties if you pay back this loan faster than you had anticipated and originally agreed.

3. Collateral

Is this loan unsecured or will you be signing over something of value to secure the loan? It’s very likely unsecured, but be sure to ask so you’re very clear of the terms.

4. Amount of the loan

Sure this point should be clear from the beginning, but you should ask about what happens if the amount isn’t enough. For example, are you able to increase the loan or apply again – is there a waiting period if you recently took out a loan and paid it back? Perhaps it makes more sense to initially request a larger loan to avoid a repeat experience and denial the second time around.

You need to keep your vision on the short and long term financial goals, so if you’re in a cash pinch and need a loan to pay rent you’re moving to solve the issue. Sure a loan can help buy you time to remain at the property, but you must be honest with yourself to make sure you’re working on the problem.

Do You Seriously Think That You Could Have Done Something Differently?

More often than not the answer is a resounding NO. Life can be unpredictable, but in those instances, you must aim to get back on your feet and take the right steps to repair. And other times, the answer is YES. However, you cannot go back in time and change, you can only recognize the issue and focus on not making the same mistake again.

1. High Risk

Do you have a tendency to take high risks with your money and just see upside but not the downside? High-risk investments or other risky gambling can leave you high and dry when it comes to paying rent. As you rebuild, learn from your situation and reevaluate your high-risk behavior so that you don’t repeat the same mistake.

2. Relationships Matter

Maybe your attitude and overall interpersonal skills have created problems for you at work. It’s not uncommon for people to lose their jobs because of issues at work – with coworkers or supervisors. This can also leak over into your personal relationship with your spouse and might lead to divorce or separation, causing issues paying rent. Relationships matter and can be the source of huge success as well as failures, taking steps to work on your relationships is essential to putting your life back together from financial struggle.

3. Technology

Tech has invaded almost every area of life, but unfortunately, there are some people that are being replaced by technology. Their coveted jobs are no longer necessary because technology can do it better and faster. This is just a fact of the times, you must understand that this is likely not going to change. As you search for new employment, be sure to balance your value and the likelihood that technology will take over that position. Of course you need work, but begin to take steps to increase your employment value so you can break free of the cycle. Let’s be honest, this not an overnight solution, but recognizing this dynamic will hopefully spark some changes for your employment future.

4. Health / Insurance

Keeping yourself in good health is vital to your bank account. There are moments that no matter how hard you try to stay healthy you can face a serious illness or be a victim of an accident. These situations can leave you without work and mounting medical bills. This is why you must take a close look at your health and insurance coverage before a problem strikes. You might even want to explore insurance that covers your work pay while you recover or even life insurance to protect your family too. Covering rent can be a devastating reality when serious illness or death occurs. A loan for paying rent provides short term coverage, but isn’t designed to be a long term solution.

5. Budget

It’s tricky staying within your budget. There are many understandable reasons why someone would live a little outside their budget when searching for a place to rent. Depending on why you are faced with a problem paying rent, you might try living well under your budget until you have sufficient savings in place. Admittedly, it can be difficult to create a budget in this situation. As you take a closer look into your expenses, perhaps sacrificing some conveniences is necessary in order to secure your living circumstances. Sure not having a long commute is better, but that distance and possible savings by living a little further might be the solution you need.

All this talk about reasons, prevention, and changing behavior is good but doesn’t change the fact that you need help paying rent. When in need, connect with a professional that can help guide you in the right direction. The decision should be made swiftly but not haphazardly – there are solutions and finding the right one for your situation is so important in this time of need.

Emergency Loans for Rent: Payment 911

Solving My Inability to Pay Rent is Fixed, But Repairing My Life is a Long Journey

Needing help to pay rent is nothing to be ashamed about, it can happen to anyone and anytime. As much as we prepare and plan life has a way of surprising us and financial troubles can begin. The time to understand this possibility is sooner rather than later (when it might be too late); however, you need to know that you’re not alone and help exists. Unfortunately, all too often you might experience some level of depression. That can create a downward spiral causing other issues besides not being able to pay rent. Searching online for rental property loans is certainly possible to help when you’re in a pinch. However, it’s advisable to prevent this from happening altogether.

If you see that you’re always in a financial position that has you living from paycheck to paycheck or you have a personal relationship leaving you vulnerable, the time to make a plan is now. There’s no way to avoid a proper plan. You’ll either make it before there’s a problem paying rent or after there’s a problem paying rent. If you take control before there’s an issue, hopefully, you’ll never have to face not being able to pay your rent.


The most important thing to realize is that there are options. Not being able to pay rent is not the end of the world, no matter how difficult that reality is to face. You can either navigate a solution by yourself or reach out to someone that can provide immediate help. In the meantime, you’ll also have to deal with the “why” and learn how to prevent this from occurring again in the future. Remember these are just money problems, and they have a solution. Don’t let this pull you down. You have many positive things swirling around your life. Encountering difficulty in one area happens and before you know it you’ll be passed this moment. Wishing you good things and positive vibes. Now it’s time to get the money you need to pay the rent on time.

Get A Loan for Rent: Keys Over Eviction

We all hit bumps in the road when we cannot pay our bills. It is usually unexpected, but it hits us hard. We may lose our job or have an emergency medical expense. We may have a huge repair bill that we did not count on. No matter what it is, it puts us in a terrible position. We just do not have the money to pay our bills. Even worse, we may be left thinking I need a loan for rent.

This Q&A can Help You To Find the Best Option to Pay the Rent

There is no worse feeling than to need help paying rent. Find out all the options available to you before you distress. Continue reading to find out more information.

Can I Get A Loan To Help Pay My Rent?

If you are in a position where you are thinking I need a loan for rent, chances are you need emergency help with rent. You most likely cannot wait for a long period of time for money. You can get a personal loan to pay your rent. A personal loan is when a lender, like a bank or credit union, agrees to lend you a specific amount of money. You must repay the money with a regular monthly payment for a specified number of months. The money you borrow from the lender has interest attached to it. The interest is figured into your regular monthly payment.

A lender looks at several factors when determining if they want to lend you money. The most important factor is your credit score. Once you fill out an application, the lender looks at your credit report to determine your creditworthiness. These are unsecured loans that do not require collateral. Loans can vary in amounts from $1,000 to $50,000. You should borrow only the amount of money you need. Do not borrow any more than that.

You can get a loan to help pay your rent, but that does not mean it is the right answer for you.  Remember you need to pay back the loan. The more you borrow, the more you have to repay. If you decide to take out a loan, make sure you are able to pay it back. If you cannot pay back your loan, it will decrease your credit score. Missed and late payments are the cause of most bad credit scores. You do not want to put yourself in a worse place financially.

What If I Have Bad Credit and Can’t Pay My Rent?

You need a loan to pay rent and you know you have bad credit. Despite that, you say I need a loan for rent. What do you do? If you already have bad credit and cannot pay your rent, you may want to make some other changes. A loan may not be the best option for you, but if all you can think is I need a loan for rent, you do have options. You can apply for a loan online or through a credit union. These lenders usually have less strict lending policies and lend to those with bad credit. While they still look at your credit, they are more flexible.

Before you consider a personal loan, you should know your credit score. You should get a copy of your credit report. When you know what is on your report, you can make better decisions. Sometimes, there are errors on your credit report and may be able to fix them. If you do have bad credit, you can work hard to increase your credit score. The better your credit score, the easier it is to obtain a loan. You can also build up your credit by obtaining a loan and paying it back timely. If you are able to make consistent and timely payments, it helps to improve your credit. If you do not think you are going to be able to pay back the loan, you should not apply for one.

There are ways to get cash fast, but they have limits. There are payday loans, which typically do not require a credit check or a lengthy application process. They require proof of your employment and how much money you earn. They often lend you the amount of money they know you can repay. Repayment is in one lump sum and within a short turn around time, such as a few weeks. These loans can get you money quickly to pay rent, if you are in a bind. They should not be the way you pay your rent on a regular basis. You may need to look into other ways to secure money on a regular basis.

Can I Get Evicted If I Can’t Pay My Rent?

You know your rent payment is late this month and you might think I need a loan for rent. You are probably wondering how long before you get evicted. Your landlord does have the right to evict you if you do not pay your rent. However, your landlord just cannot come to you one day and tell you to leave. There are steps he or she must follow to legally evict you. Your landlord must inform you in writing that your rent has not been paid. He must give you a certain amount of time in which to become current with your rent.

The letter must also state that if you do not pay the rent, he will evict you. That must be clear in the written correspondence. This process may take about one month. You should review your lease paperwork because that includes specific information about when your landlord can evict you.

The process is often difficult for the landlord, so it is not something he wants to do. Talk to him about your situation and he may be willing to work with you. Even if you can only pay a portion this month, but can pay the rest of what is owed in a few weeks or by the next month, he might say ok. You will not know unless you have a conversation. However, if your landlord does decide to move forward with eviction, you can always countersue. These all can be lengthy processes.

You do have some rights in the eviction process. It is important that you know them. The first is a notice in writing that your rent is late and you have so many days to pay it. This is a short window of time. It can be as short as three days, but as many as ten days. In reality, if you do not pay your rent, you can be evicted. Honesty really helps a lot here. You should talk to your landlord. See if you can get him to agree to a partial payment. This could save you from being evicted. You may be able to avoid eviction by paying some of the rent.

Can I Find Help To Pay My Rent?

It feels terrible when you cannot pay your rent. There are other solutions besides applying for a loan. Be sure to understand all the options before deciding a loan is the right one for you. Most states have programs that offer rental help. These programs are in place to prevent people from being evicted. They usually have requirements that you must meet. Seniors and those who are disabled may meet the requirements more easily. Often these programs only provide assistance to a person once per calendar year. You should contact the Department of Health and Human Services in your state to see if you qualify.

There are also other organizations that provide help to pay rent. Many churches provide assistance to those who are not able to pay their rent and are at risk for eviction. Local charities are also willing to help pay rent for someone to help them avoid being evicted. The local housing authority in your area can provide you a list of organizations and charities that help pay rent. These organizations gift this money to you. They do not expect repayment. This may be the best course of action instead of taking out a loan.

Keep in mind that if you are constantly late with your rent, your landlord may evict you anyway. Or if you are constantly trying to make partial payments, your landlord may evict. If he does not attempt to evict you, he may not be willing to sign a lease renewal with you.

What Else Can I Do To Pay My Rent?

It is not a good feeling to constantly think I need a loan for rent. It may be a good idea to find ways to have the money to pay your rent. You may need to cut back on expenses or find other ways to reduce the amount of rent you pay. One of the best ways to reduce how much money you are paying in rent is to get a roommate. The roommate can share half of the rent and utility expenses with you. If the roommate also signs the lease, that person is legally bound to pay the rent. Make sure you agree to the terms and have it written in a contract. This prevents any confusion or disagreements.

You can reduce the amount of money you are spending on utilities and make some changes to further reduce the cost.

Save on Energy

Changing the temperature on your thermostat is a great way to save money. You can use a blanket in the winter and turn the thermostat down a few degrees. It will not feel that much colder and could save you a decent amount of money if your heat is not constantly running. In the summer, open the windows and run fans. Decreasing the number of days that you use air conditioning saves you a lot of money. Just changing the thermostat by a few degrees saves you hundreds of dollars.

Change Light Bulbs

Change your light bulbs to energy-efficient light bulbs. They save money on your electric bill. Only use light when you absolutely need to and turn on the least amount that you need. Washing your clothes in cold water also cuts down on your electric bill. When you use hot or warm water, you need electricity to heat the water. Using cold water eliminates that.

Negotiate Rent

You could also try to negotiate the amount of rent that you pay. If you a renting from an individual and not a corporation, you have a better chance of negotiating. You can use techniques such as not having pets, not smoking in the house, and extending the amount of notice you give if you choose to move out. All of these items may persuade your landlord to decrease your rent. Keep in mind that you should spend about 30 percent of your income on rent. Anything more than that is putting you in a bad position.

Should I Create A Budget To Pay My Rent?

If you still find yourself saying I need a loan for rent, it is time to put yourself on a budget. Being in a place of constantly not able to pay your bills is not comfortable. You cannot sustain it for too long. You should sit down and fill out a worksheet to get yourself on a budget. This way you can see all of your expenses. You can see how the money you are spending lines up with the money you are earning. You can also see areas where you can cut expenses. Are you paying for things that you do not use, such as a gym membership or magazines? If so, cut those memberships immediately. Cancel them and put that money towards your rent. Are you eating out often? Limit how much you eat and start cooking for yourself. This not only saves money but it is healthier.

When you write down all of your expenses and after removing the items you do not use, take a hard look at what is left. Of these items, what is a necessity? For example, do you really need cable and internet? If so, are you able to cut back to a cheaper plan? If you own a car, you have to put gas in it. Do you need to do as much driving around as you are currently? Find ways to cut back how much you drive and therefore eliminate how much gas you use. Deciding to use your car less is better than feeling like I need a loan for rent.

What should I do?

Only you can decide which of the options fits you best. You do not want to feel like I need a loan for rent. That does not mean that obtaining a loan to pay your rent is the answer. If you cannot pay back the loan, it is absolutely not the answer. Applying for a loan that you already know you cannot afford is a bad decision. It puts you in a worse place financially. You will always feel like I need a loan for rent if you fall into that cycle. No one likes to ask friends or family to borrow money. That may be a better option if you just need a little cash to see you through a tough spot. If you know you are going to have a windfall of money, a loan may be a great option.


You should talk to your landlord and see if he is willing to take a partial payment. Try to negotiate the terms of your rental agreement and see if you can reduce the cost. You do not know what can happen if you do not try. Attempt to decrease how much money you are spending so that you have more money to pay your rent. No one wants to feel stuck and say I need a loan for rent. Perhaps it is time to find a new place to live. Moving would have costs associated with it but it could be cheaper in the long run. Look around to see if you can move to a different town and find cheaper rent.

There are many organizations and charities that can offer a one time gift to help you pay rent. This can help you avoid eviction while you are trying to find other ways to pay the rent. You could try to find a part-time job to offset the cost of your rent. It is not a completely hopeless situation as long as you know where to look for help. Do not give up. Do not think a loan is the only option. It may be the best option for you. You should find otherwise to gain extra income when you feel like I need a loan for rent.


House Rent Loan to Help You Stay Home

House Rent Loan

Paying your rent can sometimes be one of the greatest burdens most people end up struggling with because of various reasons. Whether it may be experiencing significant life changes, losing your job, or dealing with unexpected expenses and car repairs; even in such situations, you still have to find a way to pay your rent. In such circumstances, this is where a house rent loan comes in handy. If you need help paying rent during your tough days, then a house rent loan is precisely what you should be looking for.

After all, unlike common belief, renting an apartment is not exactly cheap. Aside from the regular expenses like utilities and rent, there are other costs not accounted for in your rent expenses like:

The first and last month’s rent

  • Pet deposit— only if you have a pet
  • Security deposit
  • Deposits for utility services
  • Storage fees

And, with all the extra charges, you end up having to become creative by finding a way to get the extra cash you need. One of the ways you can do this is by taking a personal loan to pay rent.

Pay Your Rent with an Emergency Personal Loan

We first like to help you avoid a loan for rent. These loans should only be used for temporary assistance and you should review all terms with your lender.

People who need help to pay rent usually are unable to go another month without making their rent payments. They need help quickly, as it helps them avoid losing their house or apartment. While there are numerous state government and local non-profit organizations that do provide grants and rent assistance, you can end up taking days or weeks to receive the check or cash from these programs. Because of the length of time, it takes to get the money you need to pay, these grants and programs end up not being a feasible option for people looking for emergency help with rent.

This is where house loan rent comes in handy. If you need quick cash to pay your rent, then an emergency loan to pay rent is the fastest option. Online lenders have made it completely easy to acquire such funds since some specialize in offering emergency loans to pay rent. Some online lenders also provide house rent loans for bad credit, meaning that they do accept bad credit. So, if you do have a bad credit score and bad credit history, you will still get the money you require to pay your rent.

Why Should You Take a Rent Loan?

Here are nine reasons why you should take a rent loan.

Rent Payment Loan

The first and most important reason for taking a house rent loan is that if you do not pay your rent on time, your landlord will end up evicting you, and this makes a bad situation worse. An eviction record on your credit score ends up making it harder for you to acquire housing in the future. Your future landlords will end up being put off by your eviction record, making it extremely difficult to trust you with their apartments as well. A loan to pay rent will help you keep your house when dealing with any financial emergencies.

Some of the few scenarios where you might require emergency help with rent include:

You Lost Your Job

A job loss that ends up creating a gap of income of a month or even more. Even when you get a new job, it will still take you a full month to get your first paycheck. You still need money to maintain your home, as it not only where you shower and sleep; but it also your proof of address and something you list on your employment application or resume.

You Suffered an Injury

An unexpected injury from an accident can cause a financial emergency, which might end up requiring immediate cash. It could be an emergency at the hospital or a late-night trip. Whatever the emergency is, it might end up using more money than you expected and sometimes even your rent.

Unforeseen legal issues can also be a setback. Everything ranging from traffic problems to criminal arrest could cost you big. The amount you have to pay after a judgment is passed can end up taking your rent money as well.

And since a stable rental history is essential, your priority should be to make sure you avoid a bad credit history, especially when it comes to your rental history. It is also essential because this is what you will require to show your new landlord that you can indeed be trusted when it comes to making payments on time.

But, when your financially strained, your priority is to make sure you do not fall behind when it comes to making loan payments, and this is possible with a loan for rent. With emergency help with rent, you can take the necessary steps and avoid falling behind on your rent payments.

Security Deposit Loan

Every state permits landlords to collect security deposits from tenants once they move in and hold it until the tenant/s leave. The primary purpose of the security deposit is to ensure that the tenant pays their rent on time and maintains the rental unit in excellent condition. However, while you may have the rent for the first month covered, it can be financially challenging to come up with enough money for the second month.

This type of scenario is where a security deposit loan comes in handy. This type of loan still fall under the house rent loan but is a little different. The difference comes from the fact that you do not spend the money. Instead, the money is held by the landlord to protect against damages to their property during the occupation. If there are no damages to the property, your security deposit is returned to you within a 30-day period.

The delay is what makes it hard for most people to move from one rental apartment to another. To prevent being short on cash after paying all your required expenses, an emergency loan for rent can help you acquire the funds you require to pay for the security deposit on your new apartment until you get your previous security deposit from your former landlord.

Bad Credit Rent Loans

Even if your credit score and credit history is not that good, you can still find a rent loan lender who can give you the house loan rent you require. If you maintain an open mind and shop for a loan from multiple lenders, you will actually be pleasantly surprised with the outcome. Some lenders choose not to focus on your credit history, and this makes it possible for you to acquire the money you need to pay rent.

Good Credit Rent Loans

If you have an excellent credit score and history, you can get a loan for rent with favorable terms. All you have to do is shop around and see what options are available for you out there.

Association Fees Loans

A homeowners association is an organization that is within a community, and it sets and enforces the rules for properties within its jurisdiction. If you live in a condominium, single-family home, or a townhouse with shared areas like a tennis court, swimming pool, security gates, and parking lot, the homeowners association probably maintains these common areas. In order to maintain these areas, the homeowners association collects upkeep fee from the member property owners.

So if you are planning to buy a home, it is important for you to understand how the association fees work. The fees are normally paid on a quarterly or monthly basis. It is the duty of the association board to collect the upkeep fees, meaning that it can rise steeply, depending on whether the maintenance costs increase every year.

Just as it is important for renters to pay their rent on time, it is also essential for condominium owners to always stay ahead when it comes to their association fees. If a short-term emergency has left you completely short of cash, a loan for paying rent may assist you to pay your fees on time.

Furniture Rental Loans

When you need to furnish your office or living space fast, renting furniture is a good option. A personal emergency loan to pay rent can make it possible for you to have enough money for the rental fees when you find yourself in a financial bind.

Rent to Own Payment Loans

For those individuals tired of renting but cannot afford to buy a house, rent to own is the way to go. Rent to own arrangements provide people with a way to purchase a house, especially when they do not have enough money for a deposit or if they have a bad credit history. However, despite the allure behind this arrangement, it still requires an upfront fee and rent payments to be made on a regular basis.

And since the rent payments are higher than normal, you might end up needing financial help, and this is where a loan to pay rent is beneficial.

National Average Rent
National Average Rent

Sublease Loans

A sublease is basically a type of arrangement, which commonly takes place in the real estate industry. This arrangement in which a person renting an apartment or property turns around and then leases the same property to someone else. At this point, the person leasing the property moves out and starts to collect rent payments from the new renter.

The first renter continues making rent payments to the property owner over the entire period of the lease. If an emergency is to leave you short of cash suddenly, a house rent loan may be of help.

Electronics Rental Loans

For anyone who likes stocking up on kitchen equipment or household devices, it can sometimes become a challenge to buy an expensive electronic. Sometimes most people find it much convenient to rent-to-own or rent rather than buying the electronic equipment outright. But, if you miss a payment, you can end up losing any amount of money you used while purchasing the electric. A loan to pay rent can cater for that situation. This ensures that you can keep making your payments on a regular basis.

2018 Cities with the Highest and Lowest Rents
2018 Cities with the Highest and Lowest Rents

Benefits of House Rent Loans

Some of the benefits of acquiring an emergency loan to pay rent include:

Fast and Convenient

If you require funds quickly to help pay your tent, getting a house rent loan is one of the most convenient and fastest options. As a result, plenty of people prefer getting an emergency rent loan rather than wait for grants to make rent payments. When it comes to approving of loans by online lenders, the process is also quite fast, and this means you do not have to wait for a long time for your loan request to get approved.

Build Your Credit History

It might seem like a lie, but getting a loan can in fact help establish your credit score. But if you already have a bad credit history and score, acquiring a emergency loan to pay rent helps you improve your credit score tremendously. Improving your score requires a commitment to ensuring that you make every loan payment on time every month.

Good credit history and score can make it easier for you to acquire a mortgage loan, once you decide that you want to buy a new home. It can also give your bad credit history a clean slate, only if you make your payments on time.

Wide Borrowing Ranges

Typically, a house rent loan ranges between $1,000 to $50,000. This means that whatever amount you want within the bracket you can get, as long as you meet the lenders’ criteria. Some of the things they look at to know the amount you are eligible for include your income and your credit history and score.

But even though you qualify for a large amount of money, make sure you only borrow the amount you need. After all, you do not want to make payments for a debt that exceeds what you are capable of paying.

Simple, Fast Comparison Shopping

Thanks to the availability of the internet, it has become quite easy to compare interest rates. By using OLA, you can easily compare online lenders and check for their interest rates and maximum loan amounts before applying for a house rent loan. This ensures you get to save money on interest and get a favorable rate.

How to Get an Emergency Help With Rent?

If you require emergency help paying rent, the first step is looking for online lenders that offer house rent loan. You can do this by accessing  website that helps you find a lender. This makes the process of looking for an online lender quite easy and surprisingly quick. One of the ways helps make your process easy is that they will help you find a lender based on your input.

The process of acquiring a loan to pay rent from online lenders involves the lender making the final decision. Despite looking at your credit score, online lenders can also offer people will a bad credit score; the amount of money they need to pay rent. Therefore, if you do have a bad credit history and a poor credit score, you may still eligible for a house loan rent. This is just a personal loan used for rent payment. You can use this loan for anything really.

All you have to do is fill out the request form, and this takes only a few minutes. Make sure you conduct your research appropriately before deciding to work with the lender.  Once you have made up your mind and filled in the form, the next step is working with the lender.

Since the loan to pay rent is urgent, most lenders do not take more than a week to approve the funds. If the loan has been approved, your chosen lender may then deposit the cash into your account.


Getting a loan to pay rent is one way to quickly pay rent, especially when you find yourself in a bind and you cannot afford to pay for it. And just like a personal loan, you do not require any property to obtain a rent loan. The repayment plan for the loan also helps make it easier for you to repay and budget for rent, as you get yourself back on your feet. Whatever the emergency, you can avoid the stress of late rent payment by getting a house rent loan.