When someone is facing the possibility of eviction, turning to help from short term installment loan lenders can actually be a reasonable decision. If the person has nobody to move in with, finding a new home could be very difficult. Many landlords will not rent to anyone with this kind of credit issue on the record.
someone is late enough on rent to have received a warning about
eviction, that means the next monthly payment is coming due soon too.
Some tenants turn this into an ongoing stressful cycle in which they
repeatedly struggle to pay rent and make the payment at the last
minute to prevent legal action.
close to eviction is a strong indication that the person’s finances
are in serious trouble. Unless this was a temporary situation that
can be resolved now, the individual must figure out ways to stop it
from occurring again. Repeatedly relying on short term installment
loan lenders to get out of a financial jam is not the answer.
Reducing expenses or increasing income, or doing both, are the
may seem impossible when someone has already cut expenses to an
absolute minimum and is working more than 40 hours per week. It may
be time to think about negotiating settlements with creditors if the
debt amount is too high to manage. It also could be time to consider
moving to a more affordable home.