Loans for security deposits
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Moving can be tough when advance rent payment and a security deposit is required. Those who do not qualify for grant aid due to higher income may find that a loan can give them the cash for their security deposit, with options for a year or two to repay the loan.
(Request received from Kelly in Richmond, Virginia) I live in Richmond Va and I am in need of a loan for a security deposit. I have no choice I have to move for my kids sake.
Kelly, have you tried contacting any of the popular nonprofit credit unions in Richmond?
- Argent Credit Union
- Call Federal Credit Union
- Dominion Credit Union
- Entrust Financial Credit Union
- Henrico Federal Credit Union
- The Virginia Credit Union
Hi Tammy, your best bet may be to go directly through one of these New Jersey security deposit aid programs. Some can also help with first month’s rent. Be prepared to answer questions about your household income and explain any hardships that you have experienced.
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