May 19, 2021
The Emergency Rental Assistance Program was created to assist households that are unable to pay rent and utilities due to the COVID-19 pandemic. $25 billion in funds are being provided directly to states, U.S. territories, local governments, and Indian tribes (described as “eligible grantees”) to help fund this initiative. If you were unable to pay your rent or utilities during the COVID-19 pandemic, depending on your location, there may be assistance for you.
Who is eligible for the Emergency Rental Assistance Program?
An “eligible household” is defined as a renter household in which, at least one or more individuals meets the following criteria:
- Qualifies for unemployment or has experienced a reduction in household income, incurred significant costs, or experienced a financial hardship due to COVID-19;
- Demonstrates a risk of experiencing homelessness or housing instability;
- Has a household income at or below 80 percent of the area median; and
- Is in a location supported by the Rental Assistance Program.
How much aid can eligible households receive?
Eligible households may receive up to 12 months of assistance, plus an additional three months if an eligible grantee determines the additional months are needed to ensure housing stability and if grantee funds are available.
What should I do if I’m still having trouble making rent payments due to the COVID-19 pandemic?
Federal, state, and local governments are offering assistance with housing bills, utilities and avoiding eviction. Click the links below for more details:
- Take the proper steps to limit your chances for eviction.
- Apply for assistance to help pay your rent and utilities
- Create a plan to catch up on rent
- Get familiar with your tenant and debt collection rights
- Contact a local expert for assistance.
We hope these resources are helpful to you and your friends or family. In addition to these resources, Mariner Finance has also teamed up with SpringFour to help you discover even more ways to seek assistance.
If you are a Mariner Finance customer, please don’t hesitate to contact your local branch so they are aware of your current situation.
†We offer personal loans from $1,000 to $25,000, with loans terms from 12 to 60 months. Minimum and maximum amounts dependent on an applicant’s state of residence and the underwriting of the loan. Loans between $1,500 and $15,000 may be funded online. Loans greater than $15,000 or less than $1,500 are funded through our branch network. Specific interest rates and fees are determined as permitted under applicable state law and depend upon loan amount, term, and the applicant’s ability to meet our credit criteria, including, but not limited to, credit history, income, debt payment obligations, and other factors such as availability of collateral. Not all rates and loan amounts are available in all states. Additional fees may apply to some loan offers; some state required and/or permitted fees may be treated as prepaid finance charges. Any such charges shall be in addition to the loan amount requested and/or approved and shall be fully disclosed to the applicant on his/her loan agreement. Not all applicants will qualify for the lowest rates or larger loan amounts, which may require a first lien on a motor vehicle not more than ten years old titled in the applicant’s name with valid insurance. Our loan by phone and online closing process requires a compatible mobile or computer device on which you can access your email and electronic documents. Not all loan types are eligible for loan by phone or online loan closing.
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. As a result, under our customer identification program, we must ask for your name, street address, mailing address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
*The process uses a “soft” credit inquiry to determine whether a loan offer is available, which does not impact your credit score. If you continue with the application process online and accept a loan offer, or are referred to a branch and continue your application there, we will pull your credit report and credit score again using a “hard” credit inquiry. This “hard” credit inquiry may impact your credit score.