If you are a tenant and having trouble paying rent, or you’re unsure how to keep up on paying your rent, what you can do?
Well, there are few things that you should do right away. First of all, make sure you contact the owner of the house. Let them know, that you’re going to be late with the rent and ask for some extra time to pay.
Speak to Landlord: First of all, make sure you contact the owner of the house. Make them aware, that you are not going be able to make the rent payment on time or be late to pay and you would require some extra time.
They may ask you how are planning to pay and what steps you may have taken already to stay control of your finance.
Household Budget: It is very important that you have a household budget; a budget can help you draw your weekly/monthly finance plan and you can see where you are spending and how much. If you do not have a budget plan already, it’s time to create one.
If you find that you do not earn enough money or fall in a shortfall to keep up with your house bills and other expenditure, you’ll now need to look for a way to increase your income. It’s worth cutting some of the cost or spends, or both.
Contact the Council: If you think the reason you’re really struggling with paying your rent, because of reducing housing benefit, just speak to your council and they will be able to support you on this. They may ask you all bank statements and income details.
Every council has a separate pot of money, for those who require extra financial help on a short-term basis if housing benefit doesn’t cover the cost of rent.
So, it is best to talk to your local council and ask them how you can apply for a payment.
Remember, to keep up with your household bills and rent are your responsibility. On creating a household budget, rent should be the main priority on the budget list.
Arrange Alternative Repayment: It’s a great idea to instruct your landlord if they can change your rent payment day so that when you get paid, you can pay the rent straight away. It’s worth to set up a direct debit or standing order so your rent will be paid directly from your bank.
You do not need to set standing or direct debit if you do not want to, you can always open a separate bank account for rent and other bills payment.
Or you may have a bank account that you use less frequently, just use that one.
If you think, your rent is in arrears already, it is best to speak to your landlord first.
Remember, if you ignore your problem and don’t do anything, it will bite you in the end.