If you currently find yourself in a financial mess, then you may be desperately searching for emergency rent money, so that you still have a roof over your head next month.
Luckily, there are a number of different options available, where you can get money fast to pay your outstanding rent.
One of the most popular options for quick cash is cash from payday loan lenders as it’s possible to get the funds deposited into your bank account within a matter of hours. Obviously if you need to pay your rent, then this is a very appealing option, as you can solve all of your problems quickly and easily.
In order to qualify for a payday loan, you must be in full time employment, be a resident of the UK, and have a bank account. Interestingly, it doesn’t matter if you have a poor credit history or have defaulted on loans in the past, as all the lender cares about is your ability to pay the money back on time.
Please note, that payday loans are no joke and should not be taken lightly. You should only apply if you are 100% confident that you can pay all of the money back. Failure to do so will result in fees and charges, and maybe even your debt being passed onto a debt collection agency.
Another way to get fast cash so you can pay your rent is to visit a local pawn shop. If you have something of value, such as gold, silver, electronics or jewellery, then you will be able to get a nice tidy sum with the minimum amount of hassle.
Just like payday loans, you have a certain amount of time to go back to the shop and pay the loan in order to retrieve your belongings. If you miss the deadline, then the items become the property of the pawn shop, and they can then sell them.
Ask a family member
An alternative to payday loans, is to ask a family member for a short term loan. While this does carry some benefits, there are also many downsides.
One of the benefits is that you probably won’t be charged interest on the loan, and you are also dealing with somebody that you trust.
A downside is that if you fail to pay them back the loan, then it can destroy your relationship with that person and can lead to both of you falling out.
Guest post from Davey Bennett.