Late On Rent? Here’s 5 Things You Should Do Now

Choosing to rent a home instead of buying one comes with a lot of benefits, chief among them being flexibility. Still, that flexibility comes with the risk of not being able to pay your rent in full and on time. A lot of people know what it feels like to miss a payment, almost as if it’s a rite of passage for renters everywhere.

If this is your first time, don’t let your worrying get the best of you! Here are five things you should know about being late on rent including how you can secure financial relief through auto title loans or payday loans.

You Have To Communicate With Your Landlord

Communication is key, as is the relationship that you’ve cultivated with your landlord. While it might seem like the easier option, trying to ignore the problem won’t make it go away. Instead, you’ll just complicate the situation even more for yourself. So, choose to be honest with your landlord.

As soon as you know that you won’t be able to pay your rent on time, reach out to your landlord and explain the situation to them. Quite often, you can reason with your landlord and find a solution that works for both of you. That’s much better than hiding from your landlord and making their life and yours much more difficult.

You Can Try To Negotiate A Partial Or Delayed Payment

As you communicate with your landlord, you could try to negotiate a partial or delayed payment. That way, you can continue to be a tenant without having to move out for being late on a rent payment. The final decision is in your landlord’s hands. Still, you have room to discuss and negotiate to find a workable solution.

It’s Not Smart To Knowingly Send A Bad Check

When it comes to renting, you don’t want to try any tactics people often use to ‘buy time’. Sometimes, renters might send a check to the landlord that they know isn’t good. This tactic might buy some time, but it could lead to more trouble. Depending on where you are in the country, signing a bad check could get you in trouble with the law. On top of that, you would be undermining your relationship with your landlord even further.

Excuses Make Things Worse

Honesty is the best policy, especially in communications with your landlord. Do not make excuses or try to talk your way out of it. Instead, as mentioned in the previous tip, use open and honest communication. Landlords tend to be more understanding when they know you’re not playing games with them.

Consider Your Financial Options

Whether your landlord gives you any leeway or not, you’ll need to take a hard look at your financial options to pay off your rent. Rent should be your highest priority, so you’ll need to figure out how to pay for it. Picking up extra work or selling things you don’t need are two steps you could take.

While you work on long-term solutions, you’ll need a short-term solution to pay whatever outstanding rent you owe. For that, you can consider something like a payday loan or a car title loan as a last-minute option for financial assistance.

Get a Car Title Loan or a Payday Loan

Advantages of Title Loans and Online Payday Loans

  • Same Day Cash - Immediate cash when you need it, usually within up to 30 minutes
  • Streamlined Process - The noninvasive process is tailored for convenience
  • All Credit Accepted - Good, bad, or nonexistent credit, we accept it all
  • Keep Your Car - There is no disruption to your daily life; you get to keep the cake and eat it too

How To Get A Payday Loan or Car Title Loan

Obtaining these loans is a similar process and both options are fast and convenient! It’s easy, fast, and they’re both similar to one and other. Here’s how it looks:

  • You fill out a form for the type of loan that you want on our homepage.
  • You submit your form and receive a phone call from a representative.
  • You’ll schedule a face to face interview and you’ll be asked to provide a few pieces of information for your meeting.
  • For Payday Loans:
    • Your driver’s license.
    • Most recent pay stub.
    • A blank check to your bank account.
  • For Title Loans:
    • Your driver’ license.
    • The title to your vehicle.
    • A blank check to your bank account.
    • Your vehicle for inspection.

You’ll find out how much money you’ll receive. The amount varies depending on what type of loan you decide to take out, but you can receive up to $15,000 for a title loan and up to $1,200 for a payday loan.


Rent payday with payday loans 


Of course, when you’re stressed out about your rent and dealing with your landlord, you’ll need a backup plan that you can rely on. Thanks to our easy application process and the fact that we serve several locations throughout the state of Texas, we make your search for finding payday loans near me and title loans near me easy. You’ll never have to worry about paying rent on time again.


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

Mason Roberts

Mason Roberts is a seasoned economics writer and blogger with a knack for breaking down and simply communicating the ever-changing world of finance. He is philosophically committed to the premise that financial knowledge equals financial freedom.