Friday, October 15, 2010

You're approved to move, but can you afford to move-in?

Times are tough and if you're like the majority of Americans out there, the economy has wreaked havoc on your credit. Apartment communities know that, which is why many of them are becoming more lax in their approvals. However, despite getting approved, there's the next obstacle: MOVE-IN FEES.

Most people's funds are super tight right now, and so accommodating for moving expenses can be an absolute blow to your budget. Just because a community approves you, bad credit and all, doesn't mean it's not without stipulations. To cover the risk, community's will generally raise your deposit from the standard $200 to an entire month's rent! Not to mention, you've got the amenities fees, administration fees, application fees...fees, fees, fees.

And oh yeah, we almost forgot to include the expenses of actual moving. You think a moving truck, movers, and boxes and supplies come cheap? They just add to the monstrous list that many of us aren't financially prepared for. So as it all starts to add up, you've now got to come out of pocket with say $2000... AND you still haven't even received your deposit back from your last apartment. Yikes.

Clearly, moving costs can get crazy. But, there's always a solution to a problem. How about a rental deposit loan? Yes, they do exist. There are companies these days, like, that can actually help you get access to the extra cash you need for the deposit on your new place. And get this, there are no credit checks required! So, apparently these short term loan companies are falling into line with the apartment communities. Lax is the word nowadays and we like it.

Obviously, each company is different, but we can give you an idea of how it works by using as a great example. It's really simple--you make a quick online application and if you're approved, you could receive your money in as little as 24 hours. But of course, there's always a catch.... Here's their requirements:

be a US Citizen or legal resident alien at least 18 years old;
have been employed at your current job for 3 consecutive months or more;
earn a monthly minimum take home pay of $800 after taxes;
have a valid checking account to receive your money.So, if you meet all four of these requisites, then you're good to apply. We checked it out, and it takes literally less than a minute to apply. And once you're approved, they electronically deposit the amount directly into your checking account and you should receive your money within 24 hours.

Still a little skeptical? Here's some answers to your questions:
Is my application secure and confidential? utilizes secure 128-bit encrypted order forms online. They deeply respect customers’ desire for privacy in managing their personal finances. The loan application is confidential, and your personal information will be treated accordingly.

What is the maximum amount I can borrow?
The maximum amount you can borrow is typically regulated by state law and at the discretion of the lender. You qualify for a particular advance amount based on your current income. There are times when you may not be able to borrow as much as you would like, but a rental deposit loan should be just a part of a short-term financial solution.

How long will it take for me to get approved?
Once your application is submitted, it is readily approved by one of their network lenders. To increase the success of your application, you should only apply to one website and payoff any outstanding short term loans.

How do I receive my cash advance?
Once approved, an email confirmation will be sent to you and your money will be electronically deposited directly into your checking account.

Do I need any collateral or at least good credit?
No. Unlike other financial institutions, RentalDepositCash does not obtain a complete credit report. If you have bad credit, a bankruptcy, or no credit at all, a rental deposit loan may be the perfect solution for you.Pretty neat stuff here. Especially since it's hard enough getting any type of loan these days. But, since your collateral is your job, not a secured asset, your chances are much greater than applying anywhere else! This may be the next best alternative to having to borrow money from family or a friend... cause we all know that's never really fun. As well, a short term loan will be easier on your pockets to stay current, so this may just be the next step to getting your credit in the right direction, too! We can't guarantee you'll get approved, but it's definitely worth a shot! :)

Want to try it out? CLICK HERE to fill out an application right now!

Also, save 10% OFF PODS by using the promo code RGW...or simply CLICK HERE! Any moving discounts help!!

Article by Lindsay Van Leer @


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