Tag: need help paying rent

A Door Opens: How to get an Emergency Loan to Pay Rent?

Posted on | by Ethan Taub | Leave a Comment on A Door Opens: How to get an Emergency Loan to Pay Rent?

If you’re struggling with finances for whatever reason, paying your rent on a timely basis can be a huge burden. Whether you lost your job or are facing significant and unexpected expenses for a car repair, you may find yourself without enough money to make your rent payment for the month. If you’re in a tight spot, you can get an emergency loan to pay rent. Here is some information about how to get an emergency loan to pay rent when you are in a bind.

What is a Rent Loan?

Individuals who need an emergency loan to pay rent typically are unable to wait another month to make a payment. They need the money quickly to avoid losing their apartment or house. While there are several local non-profit and state government organizations that offer rent assistance and grants, it can take days or even weeks to receive cash or check from these programs. Due to how long it can take to get money in hand, these rent assistance programs and grants are not a feasible option for many people struggling to pay their rent on time. Emergency loan to pay rent may be the fastest and most convenient option if you need money quickly for rent.

How to Get Emergency Loans to Pay Rent?

If you need help paying rent, you can get an emergency loan to pay rent by filling out an application. The process of obtaining an emergency loan for rent involves three steps:

  1. Application
  2. Approval
  3. Decision

Online lenders often provide emergency loans for rent to individuals who have a bad credit history. Therefore, if you have a bad credit score and poor credit history, you can still be eligible for a loan for rent. All you need to do is fill out a short form online to find a lender here, which should take you a few minutes. Be sure to take a look at the interest rates before you fill out an application for an emergency loan to pay rent as well as the average amount of time from application to the decision.

Once you’ve been approved for a loan, you will receive a loan offer. Before you accept the loan offer, you should pay close attention to the terms and conditions. If you accept the loan, the lender will deposit the money into your bank account.

Piggy bank, house figurine with monthly calendar on gray background.

Should You Take Out a Personal Loan to Pay Your Rent?

Some of the reasons you should take out a personal emergency loan to pay rent include the following:

  • Convenient and fast – If you need funds fast to pay your rent, getting a personal loan is one of the fastest and most convenient options. As a result, many people prefer getting an emergency personal loan to make their rent payment over other options, such as rent assistance programs.
  • Build your credit history – Getting a personal loan to pay your rent can help you establish your credit history. If you already have a credit history, a personal loan can boost your credit score. However, you need to make your loan payments on a timely basis to improve your credit. A good credit score will make it easier for you to get a mortgage loan if you decide to buy a new home in the future.
  • Wide borrowing ranges – Personal loans can amount to as little as $1,000 or as much as $50,000. The maximum amount you can receive is typically based on your credit score and your income. Even if you can borrow a large amount of money, you should only borrow the amount you need to make your rent payment. You can use the funds from a personal loan to cover rent for an long period of time, such as six months to a year.

How Long Can You Go Without Paying Rent?

A common question that many people have is how long they can go without paying rent before they are evicted.

Every state has slightly different eviction laws. In general, rent is due on the 1st of the month and late on the 2nd of the month. Landlords call tenants three times a day from the 5th through the 10th. On the 10th, the landlord will put up a 3-day notice, which is a form given to a tenant who has failed to pay their rent on time. After three days, the landlord can file for eviction. Once your landlord files for eviction, they will no longer accept rent payments. At this point, the tenant will not be able to escape the legal ramifications of not paying their rent.

If the landlord wins the court eviction, they will be able to regain possession of the property by sending bailiffs to your home. Everything owned by the tenant will be removed from the home by the moving crew. All your possessions will remain on the curb until 5pm, which is when a dump truck will move your possessions to storage for 30 days.

How Can I Get Help Paying My Rent?

You can find help paying your rent from charity programs and non-profit organizations. Some of these agencies may offer financial aid for rent on an ongoing basis. You can also apply for one-time rental assistance or for a referral for long-term housing support. The type of assistance you receive will depend on your situation and the amount of funds available.

Many local governments and agencies administer public assistance programs for rent, storage fees, security deposits, and other housing expenses. Some examples of such agencies include RAFT in Massachusetts, EFAHP in Florida, THHSC in Texas, and RAP in Connecticut.

When it comes to cash loans bad credit can make it difficult to qualify. If you’re struggling to qualify for a cash loan due to bad credit history, seeking help from charity programs, government agencies, and non-profit organizations may be your best option.

We always recommend looking at ways to save on your rent before considering a loan. A loan should be the last option.

How Do I Qualify for Rental Assistance?

The requirements that an applicant must meet to qualify for rental assistance depends on the program. In general, to qualify for rental assistance from government agencies, you must meet at least some of the following requirements:

  • Meet the low-income limits in your state or region
  • Have an eligible immigration status or be a U.S. citizen
  • Pass a background check and/or credit check
  • Provide references
  • Set up an appointment with an agent

Conclusion

Getting an emergency loan to pay rent is one of the best and most convenient steps that you can take if you find yourself in a bind and cannot afford to pay your rent. For more information about how to get quick cash loans for rent payments and other housing costs, don’t hesitate to contact us

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Tips to Frugal Living: Ways to Save on Your Rent

Posted on | by Ethan Taub | Leave a Comment on Tips to Frugal Living: Ways to Save on Your Rent

There are many advantages associated with renting. For example, you don’t have to think about how wear and tear impacts the value of your home or apartment. Another advantage is that you don’t have to go through the difficult process of selling a home to move. However, despite the many advantages of renting, many people have a hard time overlooking the fact that paying rent doesn’t allow to build equity for a property. Due the lack of return associated with renting, many people strive to save as much money on their rent. Here are a few tips for frugal living that will help you save on your rent.

How Can I Save Money By Paying Rent?

One way you can save money by paying rent is renting a house that’s for sale. While homeowners are waiting for their home to sell, many will allow people to rent the home for cheap and with no lease. The catch is that you have to keep the home looking presentable at all times. This will make showings to real estate agents easy. When there’s a sale, keeping the house presentable at all times will also make it easier to move out at short notice.

Another way you can save on your rent is becoming a house sitter. In general, house sitting jobs tend to be short-term. However, some gigs can last for months. Usually, when house sitting, you only have to spend money on the utilities. Therefore, you can save a significant amount of money by house sitting. However, you should keep in mind that you will constantly need to be looking for your next house sitting job before your time with the current gig runs out. Also, you probably won’t be able to bring much of your possessions to the house.

How Can I Pay Less Rent?

You can pay less rent by getting a roommate. In fact, getting a roommate is the best way to cut your rent in half or three ways. You can use websites like Roommates.com to find the right roommate for you. However, before you get a roommate, you should ensure that getting a roommate is fine with your landlord. You should also spell out the arrangement clearly to reduce the likelihood of conflict.

Tips for Saving Money on Utilities

After cutting down on the cost of your rent, you should take these tips into consideration to save money on utilities.

  • Use dryer balls – To decrease the amount of time it takes for your clothes to dry, you should use dryer balls, which are inexpensive wool balls. Another advantage of dryer balls is that they permit you to skip fabric softener. Not having to purchase fabric softener will save you more money. Aluminum foil is an alternative to dryer balls.
  • Wash clothes on cold – Whenever possible, you should use cold water to wash your clothes. Cold water uses up less energy, saving you money.
  • Replace light bulbs – If you don’t currently have LED bulbs or compact fluorescent lights, you should replace your light bulbs as they burn out with either type of light bulbs. Both LED and CFL bulbs are much cheaper than they were in the past.
  • Adjust your thermostat – You should adjust your thermostat up or down a few degrees to save a few hundred dollars every year. This tip is particularly useful if you use electric heat in your home.

The Easiest Way to Save Money on Your Move

Renting a Room to Save Money

If you’re single, you may not need to rent out an entire apartment or home on your own. You should consider renting a room instead. Not only does renting a room tend to be cheaper, but it is also typically more simple. Generally, all the utilities are incorporated in the rent.

One of the best places to look for a room. If you don’t like the idea of living closely with other people, you should look for a room that possesses a private entrance and a bathroom.

Can You Negotiate Rent?

Negotiating is a great way to save on your rent. Many people make the mistake of simply accepting what their landlord asks them to pay. One way you can negotiate is by offering to pay rent several months in advance for a lower rate. Other things you can put on the table include an extended lease, a promise of no dogs, cats, or other pets, a promise not to smoke indoors, a 90-day extended termination notice instead of 30-day, and giving up your parking space.

How Much Should I Spend on Rent?

In general, you should spend about 30 percent of your monthly income on rent. For example, if you’re making $3,000 per month, your monthly rent should be about $1,000. You can also calculate the amount of money you should spend on rent by dividing your yearly income by 40.

However, you should keep any debts like student loans, personal installment loans, moving loans, or loans from short term loan lenders that you have in mind. For example, if you have student loans, you should take your student loan payments into consideration. The cost of your rent along with the cost of your monthly debt payments should not exceed about 50 percent of your income. Unfortunately, if you have high student loan payments, you won’t have much money for rent. Consider refinancing your student loans so that you can reduce your debt payments and better afford your rent. You can refinance your student loans for a lower interest rate or a longer term.

Conclusion

Just about everyone wishes they could spend less of their monthly income on rent. Fortunately, saving a decent amount of money on your rent isn’t as difficult as it sounds. If you need help paying rent, you should take the tips discussed above into consideration to reduce the cost of your rent significantly. For more information about how to live frugally and save on your rent, don’t hesitate to contact us.

Rent Loans

Junou M minored in Finance for her Bachelor’s Degree from the University of Central Florida. She has completed over 250 orders about finance for both private clients and marketing companies. Therefore, she has the experience and knowledge necessary to complete articles on the topic of finance. In her 10+ years of experience as a freelance writer, she has completed thousands of articles and is frequently published on Loanry® (www.loanry.com) and Cashry® (www.cashry.com).

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The Easiest Way to Save Money on Your Move

Posted on | by Marta S | Leave a Comment on The Easiest Way to Save Money on Your Move

Let’s face it. No one enjoys the process of moving, even if it’s for the best reasons. You could be moving across the country to start your dream job in a city you’ve always hoped to live in. Joining the love of your life in a fabulous location. Retiring to a location you’ve always considered a paradise. Or just moving out of that dump you’ve been living in for far too long to a great place in your own city. — that doesn’t mean that the sorting, packing, cleaning, and other chores involved in moving aren’t tedious and time-consuming.

Then there’s the expense — it’s no secret that moving costs money. Fortunately, strategies exist for the purpose of streamlining the move and keeping costs to a minimum. After all, you’re going to want as much money as possible when the move is over. This way you begin to enjoy your new home. Here’s what you need to know about saving money when you move.

How Can I Save Money When I Move?

Many ways exist to save money when you move. They all seem to involve thinking out of the box rather than simply going for the most obvious solution. For instance, moving on a random weekday may result in discounts from moving companies. Indeed most people tend to make their moves on the weekends.

Packing your items on your own rather than hiring a service is another way to finish your move with a few bucks left in your pocket. If the thought of packing is too overwhelming, throw a packing party to help take the edge off.

Surely you’ve got some friends or family members who’ll be glad to pitch in for free or for a few slices of pizza and a cold beer. When that’s not the case, consider hiring a couple of college kids with strong backs to get the job done.

Another way to save money moving involve doing a major purge prior to the move itself. Garage sales provide a good way to generate some extra cash. Then you can recycle, donate, or simply throw away anything that you can’t sell. Local charities will often pick things up for free as long as they are in usable condition.

Cheapest Way to Move Locally

One of the cheapest ways to move locally is to rent a moving truck and do all the heavy lifting yourself or with the assistance of friends and family.

Contact everyone who owes you a favor and let them know you need help moving. Keep in mind, however, that fragile items such as antiques may be better off in the hands of professionals.

In the long run, you won’t save any money if valuable items end up getting broken in the transition. If you can’t find anyone to help, compare prices of the short term moving companies in your community. Then choose the one that best suits your personal needs and preferences.

Couple carrying cardboard boxes in living room.

How to Save Money to Move Out of State

Moving out of state is a bit more complex than simply moving across town. Nonetheless, it’s possible to save money during an interstate move. You probably won’t be able to recruit local friends and family to help you with actual move. However throwing a packing party is still an option. Getting as many free boxes as possible from sources such as liquor stores, big box stores, and Craigslist ads helps keep costs down as well.

Keep all moving-related receipts to use as deductions at tax time. Rent a portable moving container for an inexpensive option to a full-service moving company. It can help if you don’t want to rent a truck and drive it yourself. Short term loan lenders provide another way.

Cheapest Way to Pack for Moving

Cheap ways to pack include using balloons bought at dollar stores as packing materials, finding as many free boxes as you can, and using shredded newspaper instead of packing peanuts. You can also kill two birds with one stone by using clothing, towels, and blankets to provide a cushion for breakable items.

Get creative and stick your socks into glasses to keep them from breaking, and line boxes with empty egg cartons. Getting an early start on packing helps circumvent doing the last-minute scramble when you’re exhausted and hassled. Be sure to enlist as much help among friends and family as possible. In a pinch, you may even be able to convince your neighbors to pitch in.

How Much Should You Save Up to Move?

How much you need to save depends on how much stuff you have. Other factors are about how far away your new home is from your current one and how good your friends are. If your friends are the type to disappear when anything like work needs to be done, you’ll have a to hire a moving crew.

After you’ve worked out your budget, add on another $2,000 for an emergency fund. One of the first rules of moving is that something will always go wrong no matter how carefully you prepare, so always have enough to cover the worst case scenario. Being stuck in the middle of the country due to having to have unexpected car repairs you can’t pay for is one of the worst things that can happen to a person. If finances are an issue, consider looking into moving loans to give yourself some breathing room.

Personal loans for moving can help take the financial edge off when moving funds are in short supply. For instance, you may need help paying rent, hiring a moving truck, or lining up a packing service. If you’re driving across the country while a mover hauls your stuff, you’ll need funds for food, lodging, and gas. Even if you think you’ve got everything covered, you still need to think about that emergency fund.

How to Save Money on a Moving Company

The process of finding a good mover can seem difficult and also hire a moving can seem expensive. When you do a little research on moving companies it is worth it. By shopping around, you can save money for your moving day and that amount can easily be more than $1,000, plus you can project yourself from scams.

Saving on a move checklist

Getting a Loan to Move

Getting a travel loan to move is a good option in many cases. Trying to orchestrate a move on a budget that’s simply too lean often causes expensive problems. For instance, those who lack the funds to have their cars inspected before taking off on a long-distance move often end up with towing and repair bills if something goes wrong along the way.

Also, if you’ve got valuable items to move, you may be better off hiring a reputable mover instead of depending on amateur labor to get the job done.

Getting a moving loan makes sense if you’re moving for a job with a higher salary, especially if you’re going to an area with a reasonable cost of living. Make sure you can afford the payments when estimating your moving loan cost. It’s also a good idea to have a solid plan in place to pay it off.

Please don’t hesitate to reach out to the financial experts in our office for more information on making your upcoming move go as smoothly as possible.

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