Late On Rent? Here Are 5 Things You Should Know

November 13, 2020 | Peyton Sawyer

 

Woman paying rent with payday loan. 

 

What day is it?! Is it what usually runs through your head when you realize the 1st of the month came out of nowhere. If you had a hectic month with life emergencies that you were surprised with, not being able to pay the rent can set you in panic mode. We have all been there. Sometimes life throws you a curveball and you lose track of the weeks much less the days of the week. The good news is, you don't have to stay stressed. Here are some things you can do including how you can secure financial relief through payday loans, Kentucky.

1. Check Your Lease Agreement

Lease agreements usually contain a provision that allows a few days grace period to pay your rent. It's a best practice to check how much time you have and when a late fee is added to the ledger. After you do this, you should talk to your landlord, even if you can pay the rent within the grace period.

2. Talk To Your Landlord

Keeping your landlord informed is essential in maintaining a good relationship. The last thing landlords want is a court battle or eviction. If you communicate with them and advise them of when they will receive the rent, they will work with you more often than not. If you have a good payment history, they may even waive the late fees.

Landlords usually require the rent money to make their mortgage payment. If you keep them aware of your circumstances and provide a date of when they will get to the rent, and stick to that date, it will allow them to make necessary arrangements with their lender and maybe more forgiving with you. If you are not paying your rent frequently, you will find them far less forgiving. In this instance, it may be time to review your budget so you can make the rent payments on time.

3. Create a Budget

If you have not created a budget, you should. Budgets will help you take control of your money and cut out unnecessary expenses. If paying your rent late is a common occurrence, an adjustment of your budget is in order. Not paying your rent on time can add to higher deposit fees if you ever move as the landlord may be an unpleasant reference informing your new landlord.

4. Late Rent Can Affect Your Spending Power

If you are paying your late rent and not communicating with your landlord, they can report this information to credit agencies. Having a lower credit score means that you will end up paying more for purchases in interest.

This can also mean that future creditors may not lend to you because you are a credit risk. Whenever possible, find a way to make that rent payment on time and avoid the credit nightmare that can ensue. An option that will always be here for you are payday loans when you need money in a pinch.

5. Get A Payday Loan To Help You

Fast payday loans online can help tide you over and meet your obligations until your next payday. There are several advantages to getting fast payday loans to help tide you over.

Advantages of Fast Payday Loans

  • You can get up to $500 on same-day cash.
  • No credit check.
  • Convenient, streamlined process.
  • None of the hassle of traditional loans.

Quick and Easy Process

Our streamlined process makes it easy to get the cash when you need it. It's easy as 1, 2, 3!

  • You fill out a form found on our homepage. Once you hit submit, you’ll receive a call from a representative.
  • The representative will review the process and the information that you input on the form and tell you what you need to bring for the face-to-face meeting, which includes: Your driver’s license, your most recent paystub, and a blank check from your bank account.
  • Once the information is reviewed, you’ll receive your loan money deposited directly into your bank account.

What Can I Use My Fast Payday Loan For?

You can use your payday loan for any emergency you want. There are no restrictions or limits on how you use the money, it is yours to do with as you see fit. You can pay medical bills, utilities, rent, car payment, or you can throw it towards any financial emergency that you’re facing.

 

 Woman applying for payday loan.

 

Quick Payday Loans – The Bottom Line

Fast Payday Loans Kentucky LLC is here to help you get the money you need when you need it. Credit shouldn't be an obstacle in your path to get you on your feet. Our experts have designed a program that is able to serve all credit levels from good, bad, to nonexistent. The streamlined process is designed to be as painless and swift as possible. Don’t wait for your rent to be late if you know you won’t be able to afford it. Visit our homepage and see how we can help you today.