man needs to borrow money for rent

Why It's Okay To Borrow Money For Rent If You Really Need To

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Millions of Americans have been financially affected by the pandemic. Some have lost their jobs or have much smaller incomes and are struggling to pay all the bills.

While you usually find a way, there will be times when your money runs dry in the middle of the month. When that happens, the toughest bill to cover is rent. It’s usually the biggest monthly expense, and unlike food or other variable expenses, you can’t solve it with creative budgeting.

Rent problems can happen to anyone, so don’t be ashamed or embarrassed to borrow money for rent. Here are your options.

Here Are Your Options For Borrowing Money For Rent

Talk To Your Landlord

Hiding from your landlord isn’t going to solve your problem and may even make it worse. It’s better to grab the bull by the horns and explain your situation. “I’ve been a tenant for several years and you know I usually pay on time, but this month is hard. Can you give me until my next payday, or pay a partial amount instead?”. You’d be surprised at how far communication can get you.

If you foresee that this problem may reoccur because your income took such a huge hit, you can come up with a payment plan: “I can pay $600 a month for now, and then catch up on the missing $400 when my work hours increase”.

If you’re good with tools, you can try to offset the rent by offering to do repairs or other jobs for the unit. Or you can ask your landlord if you can get a roommate who can split the rent with you. There are many arrangements that your landlord could agree to—and even if he or she says no, it’s worth trying.

Ask Your Employer For An Advance

If your landlord doesn’t agree to postpone the rent, your next option is to approach your employer about how you can borrow money for rent. Can you ask for your paycheck ahead? Can you take more shifts, or do other jobs so you can be paid extra?

Don’t immediately assume that your boss will say no. You can’t get something you don’t ask for, and even if he does say no, you know that you’ve exhausted all options before you borrow money for rent.

Take Out A Payday Loan

If your employer won’t give you a cash advance, then you can take a loan that works in a similar way: a Mississippi payday loan.

With a payday loan, you borrow money for rent and then pay it off with your next paycheck. You can use the money to tide you over for the next few days, such as important daily expenses like food or other bills like utilities.


woman got a payday loan in MS


Do I Qualify For A Payday Loan?

Unlike other loans, payday loans don’t require you to show collateral, and you don’t have to meet a minimum credit score. Bad credit or good credit — either way, you can still apply! The only requirement for payday loans is that you are employed and can show proof of income such as a recent pay stub.

You may ask, “What if I don’t have a regular job, but I do receive regular Social Security benefits, pension, or alimony?” Some lenders like us at Mississippi Title Loans, Inc. will accept these alternative forms of income. You just have to show the documents during the meeting with the payday loans representative.

Where Can I Get A Payday Loan?

Mississippi Title Loans, Inc. is one of the easiest and fastest ways to get a payday loan. We understand that you need the money right away and that you can’t afford to waste a lot of time and energy working on your application. You’re busy with your job and earning money – applying for a loan shouldn’t add to your stress!

That’s why we here at Mississippi Title Loans, Inc. have created a convenient online process so you can quickly borrow money for rent. You can begin the process for payday loans anytime and anywhere! Go to our website and fill up a very short inquiry form to start the process.

You don’t have to worry about privacy or security; the information is only used to contact you. We use the form to save you the trouble of having to call a hotline and be put on hold, or going to the branch just to inquire. One of our loan representatives will call you to explain the payday loans process and answer any questions you may have.

After the call, you can grab the required items and search for ‘Mississippi title loan places near me’ on our website. The requirements are a driver’s license or state-issued photo ID, your most recent pay stub, and a blank check from your checking account.

Since you were already able to start the process online, the rest of the process is smooth sailing. A payday loan representative will go through the documents and take you through the last few steps. You’ll be done in as little as 30 minutes and If you are approved, you get the cash either the same day or the next bank business day! It can be a quick way to help you with rent.

Borrow Money For Rent Now

If you don’t know where to get your rent money for this month, payday loans from Mississippi Title Loans, Inc. are just a few clicks away. Contact us and find out more about how you can borrow money for rent.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

June Mckaig

June Mckaig writes articles on finance and budgeting, hoping to provide insight amidst the overwhelming crowds of information on the internet. She feels that with all this accessibility comes a lot of false data, and she would like to contribute astute, helpful input that she knows can help others. If you would like to learn more about June's research, read more here.