3 Options When You Can't Pay Your Rent


Things happen, and if you've fallen behind on your bills or missed work, you might not have the money that you need in order to pay your rent. You might be concerned about what you are going to do, and you could even be concerned about being evicted. Luckily, you do have options. These are a couple of options that you can look into that can help you out in this situation.

1. Talk to Your Landlord

First and foremost, even though you might be tempted to dodge your landlord when you don't have your rent money, you should know that it's generally better to talk to him or her about the situation as soon as possible. You might find that your landlord is willing to work with you more than you think; for example, he or she might give you more time to pay your rent or might accept a partial payment. You won't know what your options are if you don't try, and in general, your landlord will probably be more prone to want to work with you if you are upfront and honest about the situation.

2. Sell Something

Take a look around your home; you might find that you have various items on hand that you can sell in order to pay your rent. For example, if you have scrap metal, you can take it to a metal recycling company to sell it for cash. If you have used appliances, clothing, furniture, or other items, you might be able to sell them at a yard sale, or you could be able to find buyers on local online classified sites. As an added bonus, along with helping you get your rent money together, this can help you declutter your rental at the same time!

3. Take Out a Payday Loan

If you have a paycheck coming but need your rent money now, a payday loan from a company like Cash Depot Inc. can be a good option. These loans generally involve allowing you to borrow a set amount of money until your next payday. One of these loans can be incredibly helpful when you're in a tight spot and when you can't wait until payday to pay your bills.

As you can see, there are various options that you can look into when you are unable to pay your rent. Give these options a try, and you might find that the situation is a little easier to handle than you thought it would be.


30 March 2017

Choosing The Right Loan

When you need money in a hurry, you might be tempted to take the first loan that someone offers you. However, being able to evaluate different deals and decide which one would meet your needs is crucial if you want to stay in good standing with your lender. Unfortunately, it isn't always easy to understand financial terms, or how different aspects of borrowing money could impact you long term. My blog breaks down complicated financial information one step at a time, so that you aren't left guessing. When you know what you are signing up for, you might be less likely to regret your decision down the road.