Getting a Loan to Pay Rent

August 30th, 2006 by

You’re short on cash and need to pay rent within the next few days or incur late fees that you really can’t afford. If you’re strapped for cash, you might consider exploring some online loan options. Online lenders are somewhat sketchy and may charge rather exorbitant interest rates or fees, so be aware of this when using such services. Obtaining a loan through your bank or paying with a credit card may be better options. If you don’t qualify for a loan or a credit card, you may have to resort to these online services. Before borrowing money, however, make sure you completely understand the agreement you’re entering into. When you’re already short on cash, you don’t want to get stuck having to pay back more money than you borrowed. If you know you have money coming, though, an online loan may be an acceptable option.

Most online loans are unsecured loans, which means that you are not required to provide any form of collateral in order to receive the funds. This can be a good thing, because it means there’s no potential for you to lose some of your property. However, unsecured loans have downsides as well: the lack of collateral usually makes for much higher interest rates and a much shorter period of time in which the loan can be repaid.

When considering an online loan, do your research before agreeing to any service. Compare the fees or interest rates for different companies and determine which loan provider offers the most competitive rates. Also, be aware of when and how your interest or fee will be collected. Some companies directly deposit the loan into your bank account, but also take the amount loaned—and the applicable fees—out of your account when they’re due. This could spell big trouble if you don’t have the amount available when the loan company attempts to withdraw. Read and understand the entire loan agreement before applying for any money.

There are a variety of websites that offer suggestions on evaluating online loan offers. Tools like alexa.com can also help you evaluate the popularity of a site—the more visitors, the more reputable a lender may be (this is a general guideline, not the gospel truth)—and the Better Business Bureau can tip you off if a company has been the subject of an unusual amount of complaints.

Some companies instantly approve all applications for loans, since no credit check is required. As a result, just applying can result in you receiving a loan—and having to pay it back. For this reason, don’t fill out a bunch of applications without being sure you know what you’re doing.

Other online loan companies offer cash advances against your paycheck, and may require that you provide proof of income before they’ll offer funds. Be aware that receiving an advance on part of your paycheck from one of these companies will require that you give up that loan amount—and interest or fees—directly from your paycheck or bank account on payday. Essentially, you’re paying a lot of money to get a little money a little bit sooner—it may be worth it if you’re really in a tight spot, but generally loans of this nature are not the best idea.

Perhaps the biggest downfall of unsecured short-term loans is the very small amount of time you have to pay them back. If you’re not able to repay the loan in a timely manner, you will likely incur very large fees very quickly, which will put you into even deeper debt. Even some lenders admit that these types of loans are not for everyone. If you’re short on cash due to a last-minute emergency, but know you have more funds coming, you might check out an online loan. If your credit rating is decent, a bank loan or credit card charge is likely the best way to go when you’re short on cash. However, if you know you can quickly acquire the money to pay back an online loan and the associated interest and fees, this may be an option you can explore.

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52 Responses to “Getting a Loan to Pay Rent”

  1. Guest Says:

    HOW DO I GET THE LOAN?

  2. Guest Says:

    I need a loan of $1,500 to be paid back over a six-month period.

  3. Guest Says:

    i nees help to pay rent because i have to leave my sister ple i have a apt but i do not have
    the money to move and if i do not get this apt me
    and my baby will be out on the street why i do not have the money because you can not live no where free
    i have to pay rent to
    lillianbr1761@yahoo.com

  4. Guest Says:

    how do i get the loan

  5. Guest Says:

    I need a $1500 to pay rent now and can pay back with year-end bonus.

  6. Guest Says:

    payday loan

  7. Guest Says:

    go on line and get a payday loan

  8. Guest Says:

    NEED TO PAY RENT THIS FRIDAY 665.00

  9. Guest Says:

    I need a loan for 15,00 for rent

  10. Guest Says:

    I need anywhere from 800-1000 imidiatly, i was selling my car, the guy was sending me a check and i was gonna ship it to him. He said the check was in the mail, and i havent been able to contact him since, and the check hasnt come. I lost my job, and im about to lose everything else. Friends and family wont help out. What the hell do i do??

  11. Guest Says:

    I need money to pay my rent as well. Need 1,000 to catch up.

  12. Guest Says:

    I am a mother of 2 girls I just finished School I needed help paying my rent, Because I haven found a job yet. Anything would really help.

  13. Guest Says:

    I am family of four that needs help paying rent. We both work but husbands work hasn’t paid in two months. Please don’t put my kids on the street. Help any thing would help. Our rent is 1025 due by the 4th. I can be contaced at rebajohays@yahoo.com

  14. Guest Says:

    I had a massive heart attack Apr 3,2008. Had a five valve bypass.Part of my rent for Apr.2008 of $800.00 was paid.The total is 1200 and I am suppose to receive disability but that’s not for 4 to 6 weeks and my landlord is going to start eviction procedings as of June2,2008.I’ve tried various entities with no success.Please help me with situation. Thank you

  15. Guest Says:

    what did u do and where did u end up getting cash chick. tony

  16. Guest Says:

    i need to pay first and last by june 12th so i can get this appartment can pay bak in payments please….. $1300.00 for 2 months (first and last)

  17. Guest Says:

    I am a single parent of a fifteen-year-old son, and I am asking for assistance to pay my rent, which is 2 months overdue. The exact amount that I need is $1970.00. I just recently graduated from college, and just found a job this past week. However, since I won’t be getting my first paycheck until about 4 weeks time, I am still in financial trouble. While in college, I was able to pay my bills with the college work study job I had, but once I graduated this past May, that job was no longer available. I would greatly appreciate any help. As soon as I start receiving regular paychecks again, I will be on the way to getting back on my feet financially. I just need this one-time assistance to prevent my landlord from evicting me and my son.

  18. Guest Says:

    i need 400.00 to pay my rent this friday can anyone help me please? i’ll gladly pay the money back as soon as i get paid my e-mail is ewebster257@comcast.net my phone# is 717-885-0711 its very hard for me to achieve a loan because i have no checking account and bad credit but i’m so desperate i’m willing to have my wages garnisheed to get a loan if someone can help please contact me

  19. Guest Says:

    Can anyone tell me where to get help. My husband just lost his research grant and has been out of work for the last three months. I was laid off a month and a half ago. He’s ineligible for unemployment and the company fought mine and recently lost. Now we are at the end of our lease and we are two and a half months behind on our rent. We can’t afford to move and the landlady has raised the rent starting in Sept. By the end of the month, we have to pay the back rent and the new rent amt (all totals over $3k) or move out.

    Does ANYONE have any ideas?

  20. Guest Says:

    I need help paying my rent. I am a single mother of 3 kids. I recently started working after been out of work for one year due to cervical cancer. Any help will be appreciated.

    verfred30@yahoo.com

  21. Guest Says:

    Hi,

    I am a single mother of one child. Over the last month I have dealt with one financial blow after another. Car problems, money stolen from checking account which has really put a hurting on my finances. If anyone can help me, I would appreciate it. I don’t want to go the payday loan route, so if you can help me, I would appreciate it. This is my last resort before eviction and me and my son are on the street. Please contact me if you can help me. Thank you so much!

    KellieC_26@yahoo.com

  22. Guest Says:

    I am a single mother of two one is three,and the other is on the way I really need help with my rent if anyone can help my email is thompsonshandrea@yahoo.com.

  23. Guest Says:

    Hello I am also a single mother of 3 and I despirately need help paying my rent which is due in it’s entirety by Monday if anyone can help me please contact me at davis_1127@hotmail.com your assistance would greatly be appreciated.

  24. Guest Says:

    I have no idea if this works or not but there are so many posts asking for help I dont know if thats a good sign or a bad sign. I am also a single mother who just learned TODAY that I was laid off. No notice, No work. I cant afford not to work even ONE day, much less have no job at all. My landlord has no tolerence for late payments and will evict me if I dont pay on time. Its the 23rd and rent is due in 9 days. Im scared, I cant breathe, and I cant be homeless with my son. Any information or ideas for alternative help would be great. Credit cards or bank loans are not an option for me. You can reach me at jerzegrl74@aol.com

  25. Guest Says:

    Did anyone get a reliable loan within a few days? I need help ASAP. Who from? Please email tamchop@gmail.com
    Thank you!

  26. Guest Says:

    IM A SINGLE MOTHER OF ONE AND NEED MONEY FOR A CAR AND RENT AND LIGHT BILL AND HAVE NO JOB.TRYING TO GO BACK TO WORK.IF ANYONE CAN HELP PLEASE DO.THANK YOU

  27. Guest Says:

    Hello, my name is Roxy I am a single mother i lost my job i have been looking like crazy. My car got repoed and my apart broken into theres no food for me or my daughter ……and i am at the end of my rope my family deserted me when i got pregnant i have no one i need 1200 for rent this month i am sure i can get something by next month if any one can help please let me know AMYAGABY08@yahoo.com

  28. Guest Says:

    please help

    I am a single mother of 1, and am currently out on disability, they denied my disability claim because of an error the dr made, and now my son are suffering the consequences on top of being sick, i need to find a way to pay rent before we get evicted. anything will help..ideas or suggestions please email me at danielafranco@yahoo.com

  29. Guest Says:

    I know a family from Bosnia who is struggling with their rent and if they don’t have 1500 to catch up on the two months rent they owe by the 17th, they will lose their apartment and all of the stuff they worked hard to earn. The father does not support this family what-so-ever and without this money, a mother and her son and daughter will be forced to live on the street. They have no where to go and winter is right around the corner and is going to be brutal. The members of this family have got to be the most caring and selfless service individuals I have ever met. When I was struggling with my life, this family treated me as their own from day one. These are not the type of people who deserve to live a life without a roof on their head. The mother of the family is sick and diabetic. It is almost virtually impossible for her to live on the street without food or her medicine. I’ve tried all I can to help them come up with this rent money but this is the only option I have left. If there is anything you can do to possibly help this family with their rent and get them a loan, you’d be appreciated endlessly. If you have any advice or loans to offer, you can contact me at lordragnarock@yahoo.com

    Thank you for your time and concern,
    Nicholai Sinclair

  30. Guest Says:

    I need Help Paying the Rent. My fiance has cancer and I’ve quit my job because he has gotten really sick. We are 3 months behind and just get an SSI check. We are struggling please help us.
    We need 1000.00

  31. Guest Says:

    Hi Please help me I lost my job and am struggling to pay my rent I need 4,000.00 by the end of the month or we are getting taking to court. I am so depressed I dont know what to do…PLEASE HELP!!! Where can I borrow the money from? I will pay it back in payments from my paycheck from the new job I just started in October….Thank you.

  32. Guest Says:

    I need help I need 4000.00 or we are going to get evicted please help me lost my job just started a new one my husband doesnt make alot of money…help! phammer68@comcast.net give us some guidance I want to scream!! there are 4 of us my daughter is only 11…i dont want to be thrown out for xmas!! Please!! Thank you.

  33. Guest Says:

    I am a single mother of two who is in desperate need of rent money. I am scared and need help. Any ideas?
    Thank you so much!

  34. Guest Says:

    I am a mother of 3 my newest edition is three weeks old I am in desperate need i have absolutly no help boyh my parents died when i was in my early teens and if we don’t come up with 12,000.00 in a short matter of time we will loose the little that we dove if any body knows of any gov. support groups i woyld greatly appreciate it we will not be able to have christmas at all this year and its so hard to try and explain it to a young child if you know of any help please please contact me jonesmandy782yahoo.con

  35. Guest Says:

    Please help!

    I’m two months behind in my rent and owe 1600 dollars. I’m unable to get much work and even all of my boyfriend’s money isn’t helping much. The landlord just left and she’s not happy and is going to the courthouse on monday if she doesn’t get money. I’ve got basically no credit and no one wants to help me. My boyfriend’s credit is trashed, and neither of us can get a payday advance. I can be contacted at blackcat8804@verizon.net with any assistance. I promise I can pay back!

  36. Anthony Says:

    Im Struggling to pay my rent and i do need somehelp i need to borrow 1200 dollars and i can pay it back. i have excellent references. i am single with a job that i had to take a paycut just to keep it! you can contact me at daghostmancometh@gmail.com

  37. David Yourch Says:

    My wife and I are getting an agreed divorce ,not contested, she gets the condo and I get peace. I need $1500 for the security and first months rental of an apartment. I am receiving social security plus 2 part time jobs here in Puerto Rico. I would like to have the loan payable in 6 months payments. I am also going to receive to settlements from law suits on age discrimination. I will provide any information that is required. I appreciate any response from someone who can help. thanks, Dave

  38. Mary Seals Says:

    I have lost my job for about two months now. My employer if fighting my unemployment. I am stuck now. I am behind in my electric bill it could get cut off any day now and I am behind in rent for this month. I need about 500 to 600 dollars to catch up. I am hoping to have a job by the end of the month. But I just really need help right now.

  39. DAPHNE CLARK Says:

    I am in need of a loan, but everything that comes up is for payday loans, i have been down that road before and i ended up more broke then i was when i got it, it got me out of the jam for that week but put me in a new one the next week because the rates are so high you cant afford to pay them. and my credit is not great because my xhusband ruined it. i just need to know if there is anyone with any advice on how to get a loan for 1000 to 1500 thats not a payday loan. any advice would be great, i have 4 kids and am way behind on my current bills if i could get caught up i would be fine, thank you

  40. Chameelah Says:

    I need assistant on payin my rent. I am a single mother with 1 child i do not work i do recieve assistant from welfare i have no other income besides 530.00 a month and my rent is 550.00 i have to buy diapers and things for my home and child this is why i have been backed up on my rent and need help before me and my son is homeless. please and thank you god bless

  41. john and michelle strait Says:

    i need somone to pay my rent at least 3 months worth until my wife gets a job if not me my 2 yr and 6moth old and 5 yr be on the street my parents wont help or hers of corse her mom cant but i could pay back when she gets a job or pay at income tax time or my truck is worth a little bit dont want to but if thats what i have to do to get money.

  42. Anonymous Says:

    lol who the —– is going to come help you guys? yes there is some magic man going around to websites just throwing money around to people that need it…

  43. Anonymous Says:

    Why are all these beggars single mothers — where are the men? Smoking and drinking beer while the ladies change the diapers and beg for the dough — crazy whores!

  44. D.A Says:

    Hi,. I need a loan bad. I’m behind on my rent with possible eviction. I have been turned down from loans due to poor credit and student loans. If anybody know any resources or any place I could get a loan today,I will appreciate it.

  45. lesa Says:

    How to get the loan i really need help im having a baby in a mouth and i have two kids i need 680 for this mouth for my rent plesa someone can plz help me …i don’t want to lost my home .

  46. michelle Says:

    I really need $610.00 for my rent for this month only be for the 27th.Anything after the 27 I will need to move (I got to move out ) I been living here for 11 years…I get paid on july 31 you can get your money back and school starts on the 15 of august is when I go back to work… THANKS!

  47. Kay Says:

    My wife just had a baby and we are so broke. Would any good samarithan out there please help me with my rents for this month. The rent is $845.00. Anything will help. Thanks and may God bless you.

  48. LaDonna Washington Says:

    well i waslayed off my job n trying to get my unemploment n i need help for this months rent 680.00 n i never seen one of this days theyeven locked me out my apt i just need help for now

  49. Bobby West Says:

    Me an my family are bout to get put out of our home, i lost my job in the end of October n didnt have the money for rent only $200 on a $385 rent.Now to Nov i couldnt pay on top of that i have a disabled daughter an one more thats not plus my wife.Now its Dec an we cant pay my wife checked our daughters account an its pending for this month we are so stressed out dont know what to do or where to go,my landlord seems to be not understanding bout us having a hard time right now im lookin for work but nothing yet so he’s gonna put us out with a disabled child the first time we couldnt pay he wants to be cruel hearted so now its $1000 w/lates fees asked churches an other organization NO HELP where do we go from here?

  50. Jenni Says:

    I am a 20 year old with a 5 month old son my car broke down giving me no way to go to work or get my son to his baby sitter….. Money is getting very tight and im already a couple weeks behind struggling to get this months rent together not mentioning the next month which is just a couple weeks away!!! I was waiting on my taxes, but the date to file got pushed back!!! Im really in need of help!! I can’t become homeless without a car with a baby!!!! God, please someone please help me!!!

  51. Anonymous Says:

    I have two kids an need help whit 3months rent because just got cut off of ssi if have no money come in me an my kids r about to be put out of r house were have nowhere to go

  52. Chaz Says:

    I was on my SSDI from my mother. My payments were stopped and I had to apply for SSI. I have never been able to walk independently from birth. My part time job with the American Red Cross through Linkin was stopped. I don’t have any money coming in pay my cell phone and my credit card and to by food. I have a very high credit score and have been borrowing from relatives to pay my bills. I need someone to help me as soon as possible. Please contact me

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