If you are unable to pay rent, SSI has a policy that will allow you to set up a rental loan agreement to pay back the rent at a future time without impacting your backpay.
🌷 Rental loan agreements are sometimes used by people who are renting or subletting a room from a friend or family member. Obviously, a landlord who does not know you is very unlikely to allow this kind of agreement.
🌷 Applying for SSI: A rental loan agreement can impact the amount of backpay you receive.
🌷 Already approved for SSI: Some people use a rental loan agreement while waiting for their SSI amount to be redetermined.
🌷 The date the loan agreement is signed is important. See articles below.
🌷 Loan agreements must be feasible, unconditional, and include a specific plan for paying the money back. See articles below.
What’s the right amount of rent? And how do these rules work? You can discover more (than you ever wanted to know) about this here: How Much Rent to Pay on SSI
Learn more about: How to Apply for SSI Without Falling into Quicksand