Top Tips for Tenants to Avoid Rent Arrears – Rooms to Rent in Ramsgate, Thanet, Margate, and Broadstairs

Image by OpenClipart-Vectors from Pixabay - Ramsgate rooms

Co-living is the future of affordable and sociable living, and Ramsgate Rooms is leading the way in the Thanet area. If you’re looking for a room to rent in Ramsgate, Thanet, Margate, or Broadstairs, co-living could be the perfect solution for you. Contact us today to find out more about our available spaces and start your co-living journey in Thanet. Here a link to our website to see all of our available rooms to let:

As a tenant of Ramsgate Rooms one of your biggest responsibilities is paying your rent on time. Falling behind on rent can be stressful, and it can also harm your credit score and rental history. To help you avoid rent arrears, we’ve put together some helpful tips:

  • Create a budget: Knowing how much money you have coming in and going out each month can help you plan for rent and other expenses. Make a list of all your income sources and expenses, including rent, food, transportation, and entertainment. Then, try to prioritize your expenses and find ways to cut back on non-essential items.
  • Set up automatic payments via your bank account to Ramsgate Rooms bank account. This way, you won’t have to worry about remembering to pay each month, and you’ll avoid late rent emails being sent and telephone calls.
  • Communicate with us, If you’re having trouble paying rent, don’t wait until you’re already in arrears to let us know. Instead, communicate with us as soon as possible and try to work out a payment plan or discuss your options.
  • Keep track of your payments: Whether you pay by  bank transfer, or another method, make sure you keep a record of your payments.
  • Prioritize your rent: If you’re having trouble paying all your bills each month, make sure you prioritize your rent payment. Falling behind on other bills can harm your credit score, but falling behind on rent can lead to eviction. Your credit rating, also known as credit score, is a number that reflects your creditworthiness. It is a way for lenders and financial institutions to assess how likely you are to repay your debts on time. Your credit rating is determined based on various factors, such as your payment history, length of credit history, and types of credit accounts you have. These factors are used to calculate your credit score, which can range from 300 to 850. Having a good credit rating can make it easier for you to get approved for loans, credit cards, phone contracts and other financial products. It can also help you get better interest rates and terms, which can save you money in the long run. On the other hand, having a poor credit rating can make it harder for you to get approved for credit or result in higher interest rates and fees. It’s important to keep track of your credit rating and take steps to improve it if necessary.Here are some helpful links for all tenants not just if you live with Ramsgate Rooms that you might find useful:
  • Citizens Advice: This website provides free advice and support on a range of issues, including managing debt and rent arrears. They also offer guidance on budgeting and managing finances.
  • Money Advice Service: This website offers free and impartial advice on managing money, including budgeting, debt, and rent arrears. They also offer a range of tools and calculators to help tenants manage their finances.
  • Shelter provides free advice and support to people facing homelessness or housing issues. They offer guidance on managing debt and rent arrears, as well as information on housing rights and responsibilities.
  • Turn2us: This website offers information and support on managing finances, including benefits and grants that may be available to tenants who are struggling with rent arrears.
  • If you can save a little each payday for times when you may struggle. Sometimes people find it useful to transfer savings into a separate account to stop you using it for other things.

By following these tips, you can help ensure that you always pay your rent on time and avoid the stress and consequences of rent arrears.

Image by 3D Animation Production Company from Pixabay - Ramsgate Rooms
Image by 3D Animation Production Company from Pixabay – Ramsgate Rooms

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