Emergency Eviction Loans

Sometimes life can take unpredictable turns. Have you ever found yourself in a situation where the old adage “when it rains, it pours” applies so well to your expenses too? You’re needing new school supplies for the kids, have to go for an urgent dental care appointment, and all while your significant other got laid off from work. That’s when all your plans to stay on a budget go right out the window, together with your plan B. And when regular necessities don’t stop tugging on your savings, you might find yourself in need of some emergency funds.

Unfortunately, this is a common situation in the US. Eviction is especially worrisome as it could lead to homelessness. The government has already exhausted their budgeted emergency assistance funds, going into future months’ allocations. Fortunately, GetCash.com provides you with more opportunities to request loans for eviction prevention, even with bad credit.

Why Might You Need The Emergency Eviction Loan?

The most common cause for eviction is the inability of a tenant to pay the rent due to a lack of money. This primarily happens because of:

• Medical emergencies

  You or a family member may have had an unexpected trip to the hospital that resulted in substantial expenses. The accident dried out your bank account, and now you are thinking about finding money for rent.

• Job loss

  The last few years have been extremely challenging for many people, with the unemployment rate rapidly rising due to COVID-19. Companies closed, went bankrupt, or simply restructured, which resulted in a huge spike in the number of unemployed people. You or your co-renter might have lost your jobs and are now wondering how to make ends meet.

• Property damage or loss

  A car accident or a natural disaster may lead to the destruction of property that is necessary for your daily sustenance. For example, without any convenient public transportation means or any insurance compensation, losing your car means you’ll have to rely on taxis to get to work or pick up your children from school. In such cases, you may want to look into eviction loans to pay for your rent and afford a new car.

What Happens If You Don’t Pay Rent

Before you can be evicted, the landlord is legally obligated in most states to serve you a written notice of termination. Depending on the laws of your specific state, you would likely have up to 90 days to either pay the outstanding rent or vacate the premises. This time provides you with an opportunity to apply for an emergency eviction loan and pay your rent.

If you pay the rent, you cannot be evicted. In case you cannot pay the rent, the landlord could file an eviction lawsuit, as dictated by the state laws.

The second step to eviction is the notice to quit. In most states “quit’ means you have 3 to 5 days to either pay the rent or leave. If your landlord has no other grievances against you, such as breach of the rental agreement, once you pay the rent, he will have no legal reason to evict you.

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Types of Loans For Eviction Prevention

If you require emergency loans for rent, our platform can connect you with verified lenders who are acquainted with various financial situations, including pre-existing loans or bad credit. In case you already have another outstanding loan, you might want to consider consolidation loans. This means taking a lower interest loan to pay for the remainder of a previous one.

Please consider your financial situation before taking any of these routes and study the following options carefully so that you can determine what type of loan suits you the best.

Personal loans (No-collateral loans)

Some lenders require collateral for personal loans, others do not. If you’re looking for quick loans to prevent eviction, bad credit and all considered, then we recommend you fill out our form and get connected to one of the vetted lenders in our network. Based on a number of factors, including your credit and borrowing history, you could qualify for one of the following loans:

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  Payday loan

  A standard solution for poor credit history, this loan would amount between $100 and $1000, with a higher interest rate.

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  Installment loan

  If you have a good credit score, you may receive between $1000 and $5000 with an average interest rate.

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  Depending on your situation, these types of loans may be a better option than the next two, especially when obtaining emergency money for rent. We’ll explain why next.

Car title loan

If you own a car or any other vehicle, such as a truck or a motorcycle, you can use it as collateral to obtain a loan to pay rent. Car title loans are short-term loans, generally payable within 15 to 30 days. However, these usually come with higher interest rates than the personal loans above.

Also, you would only be able to borrow a certain percentage of the car’s current value, which might not be enough for your needs. And keep in mind that if you do not pay the loan, you can lose your car. You can read more about this type of loan here.

Bank loan

Your bank or credit union is another institution that may lend you money. However, the process is usually lengthier with a higher possibility of being rejected. Banks are also less likely to accept poor credit scores. Therefore, this might not be the best option for eviction purposes.

How to Get An Emergency Eviction Loan

GetCash.com has developed an easy, speedy, and secure process to help you request those much-needed emergency funds without leaving the comfort of your home. Here are the steps.

1. Start by filling out our online form
2. Our secure system finds you a lender willing to work with you and your specific circumstances
3. You will be redirected to the lender’s loan offer
4. If and once you agree to the terms and conditions of the eviction prevention loan, the lender will reach out to you for the next steps.

Even though our form does not ask you to upload any documents when filling it out, you will need to meet the following criteria in order to receive a loan offer:

• Be at least 18 years old
• Provide some source of income including salary, social security retirement benefits, supplemental security income, military/veteran compensation or allowance, etc.
• Have a social security number
• Have a bank account

Try our system today and find out how convenient it truly is to get connected to a lender!

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