Late on Rent? Here Are Important Things To Know
November 11, 2020 | Emma Frost
Making ends meet in today's economy is difficult. Millions of people have lost their job and are struggling to pay rent and put food on the table. If you are currently hurting for cash, you are not alone. It's incredibly stressful when you know the rent due date is days away, and you don't have the money.
There are important things you need to know about being late on rent. There is help out there — one of them being a payday loan. Here are some of the things you should be aware of if rent is an issue.
Remember These Things The Next Time Your Rent Is Late
There’s A Public Health Eviction Ban For Renters
The coronavirus pandemic has wreaked havoc across the United States, affecting not only people's health but also their financial situation. If you have lost your job, you are not alone. Millions of Americans are unemployed and struggling to make ends meet during the pandemic.
The Centers for Disease Control and Prevention (CDC) ordered a federal eviction ban for renters struggling to make rent payments due to COVID-19 related job loss. The ban is in effect until December 31, 2020.
If you meet the requirements below, there is a CDC form you can fill out and submit to your landlord. The requirements are as follows:
- You have already attempted to get government housing or rent assistance.
- In 2020, you expect you will make no more than $99,000 (for a couple filing jointly, the maximum earnings are $198,000) or weren't required to report any income to the Internal Revenue Service in 2019
- Received a coronavirus stimulus payment
- Medical bills or a massive pay cut affected your ability to pay your entire rent.
- You have been paying as much of your rent as you can afford
- You are homeless due to eviction or were forced to move in with other people in tight quarters.
- Once the ban ends, you must pay all of the rent you owe, or your landlord can evict you. You must understand this if you move forward.
Talking To Your Landlord Could Help
You want to avoid eviction, if at all possible. You will likely be stuck with additional fees if evicted. If you have a past eviction, it can make it challenging to rent in the future as your credit will likely be affected by collections.
Review your rental agreement and talk to your landlord. Often there is a grace period clause in rental contracts that could potentially be helpful.
There Are Housing Programs Like HUD
If you can't afford your rent, there are several assistance programs worth looking into. The US Department of Housing and Urban Development (HUD) and the National Council of State Housing Agencies are two programs that may help.
Being Late On Rent Means Additional Fees
You can face substantial late fees, as well as legal fees and other costs having to do with your eviction if you are late on your rent.
Then there's the cost of finding and new place and moving. Deposits, moving trucks, storage units, and other moving-related fees add up quickly and can be very expensive.
When you are in a situation that prevents you from paying your rent on time, you can turn to the best payday loans in SC.
A payday loan provides you with the money you need to help pay your rent, thus avoiding the expenses associated with being late on rent, eviction, and moving.
What Are Payday Loans?
A payday loan is an unsecured, short-term loan that can tide you over to your next paycheck. These loans are considered unsecured because you do not have to put anything up for collateral – unlike secured loans like title loans that require your vehicle’s title.
It is a viable option for anyone who doesn’t own a vehicle and is between paychecks. It probably won’t completely solve your emergency – but it could really help you out. Plus, getting a payday loan is simple and quick in South Carolina.
How Do I Get A Payday Loan?
As I said, getting a payday loan is simple! The process begins with you filling out our online form – which you can find right on our homepage. Once you are finished, your form will be sent to the nearest payday loans near me in South Carolina.
When we receive your form, a loan associate will give you a call to confirm your information. The associate will also walk you through the process and give you the list of required items you must bring. You must have:
- A blank check from an active checking account in your name;
- Your government-issued I.D. or your driver’s license;
- Your most recent pay stub.
When you arrive at one of our locations – which you can find all around South Carolina – we will examine your items. Once we see if we can approve you, we will give you the amount you qualify for.
Knowing these things when you are dealing with late rent is very important. Keep this information in the back of your mind so you know how to go about dealing with your rent.