Where To Go When You Need Help Paying Rent

  • August 18, 2020
  • 6 min read
  • 2344 reads

Who Can Help Pay Rent?

If you are struggling to pay your rent, you may be eligible for some government assistance. If you need more help with rent, there are alternative solutions that may assist you through this tough financial situation. 

With thousands of people needing help with rent, it is no wonder the government has really stepped up to help 

With unemployment skyrocketing, it’s essential to know you are not alone as you ask who can help with rent? Before pulling your hair out or doing something crazy, take a look at some of the options below.

There are many new tenant and eviction protections available through the states and federal government through the CARES Act

Who Can Help With Rent?

 The government has really stepped up and offered some relief during these trying times. The CARES Act was implemented through the government to stop eviction due to late payment or non-payment of rent from the pandemic. It should be the first place to go when trying to get help with rent. 

You can find full details of how the CARES Act can help with rent here.

    You May Be Protected From Eviction If You

  • Receive federal rental assistance from specified programs

  • You or the landlord have support from federally-subsidized housing

  • Your home or apartment building has a federally backed mortgage 

Where to start looking for help with rent? The best place is to find help with rent near you is to go to your local government site or call them. They will be able to offer advice on what is available and who to contact in your area. 

Contact your Landlord To Get Help With Rent

Contact your landlord and see what solutions you can come up with together. Let them know your situation and how you plan on making future payments.

Keep communication open and honest. Doing so will help your landlord understand that although you need help with rent, you are not a bad payer and avoid paying what you owe. You simply are in a tight financial position and have every intention of paying rent. 

Your landlord may be getting a relief package you are not aware of and can offer you a rent extension or rent holiday. 

It’s important to keep communication open when you need help with rent. People cannot help you if you shut down and don’t voice what is going on. 

Community Groups That Can Help with Rent Near Me

If you are ineligible for any of the renter’s protection programs, consider looking into community groups near you. Particular churches and charitable organizations offer help with bills that may get you through a tough situation.

People want to help with rent, bills, and other needs when people are suffering. Reach out. Do not be afraid to research and ask. 

>> Find out different great ways to get financial help with paying bills

I Have A Job But Still Need Help With Rent

Suppose you haven’t lost your job but have incurred some unexpected expenses. In that case, it may be a good idea to consider alternative funding to pay your rent. It may get you through a blip in your finances.

If you are unable to qualify for help through your government, landlord, or community groups, consider speaking to a friend or family for a loan. 

 It is the cheapest way to borrow money. However, you must be able to pay it back promptly as money problems can ruin relationships. If you are going to ask a family member for money, be sure to have tried all alternative options prior. 

    The Initial 3 Steps To Get Help With Rent

  1. Check your eligibility with government provisions.

  2. Speak to your landlord about a mortgage holiday or try and negotiate a lower rent for X months.

  3. Apply to local community groups.

The only thing you need to set aside is your ego in this situation. A lot of people simply will not ask because of embarrassment and/or pride. But in the grand scheme of things, there is almost no nobility in borrowing from a bank or financial institute to avoid embarrassment.

Assuming you are a trustworthy and stable person and simply hit some kind of rough patches like a pandemic or your car breaking down. This hiccup is totally understandable and relatable. As long as you know how much to ask for and can explain your situation to the people giving or lending you money.

Consider A Small Loan to Help You with Rent

If you have exhausted all your options and still have some income coming in. Consider getting an online loan to help pay rent. It is not always advisable, but the difference between a home and an eviction, a loan may be your last alternative option. 

Shop around for the cheapest lending possible and only loan what you need. Caution should be taken when borrowing money for needs. With a volatile economy, you don’t fully know what is around the corner, and more debt could mean more stress later on. 

At Financer.com, we always encourage people to borrow wisely, compare lenders to find the cheapest lending options, and only borrow what you need

With an online loan, you’re able to get precisely the amount of money you need for your situation. Furthermore, many online lenders will take people even with subprime credit, and get you approved for small loans in as little as 24 hours- including Saturdays and Sundays.

    There are multiple ways you can shop for a loan

  • Banks

  • Credit Unions

  • Online Lenders

Important: Never pay your rent with your credit card. Credit cards generally have high interest and should not be used to cover monthly expenses. It can cause a debt cycle that is hard to get out of. 

Consider a lower interest rate online loan to help get you through if you have exhausted all your other options. 

Our Recommendation

Financer.coms recommendation when you need help with rent is to exhaust all your options of state and government help, then contact your landlord and see what options are available to you.

Look into local community groups that help with paying bills. If you have exhausted all other options, look into a small low-interest loan to keep you in your house and sleeping soundly at night.

Be kind to yourself through this tough time, and remember a good life is made up of many small good decisions.

Don’t let financial stress cause you to let your guard down and make rash unwise decisions that will be detrimental to your future. Remember ‘this too shall pass’ and it really will. 

Have you had help with paying rent, what worked for you?

Comment below:

Author Kimberley Smyth

Kimberley is the US Country Manager for Financer.com. She has gained years of experience in small business management and has two successful start-ups under her belt. She now focuses her energy on helping others achieve financial freedom through smart money management and investment opportunities.

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Last Updated: August 18, 2020

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