I Need $200 Right Now!
If an emergency has occurred and you find yourself in need of a short term loan, we can help. Our network of lenders is ready to make you a loan offer. Just fill out one short form and get your offer. It takes just a few minutes, is free and you are under no obligation. Why not see what you can get?
Quick $200 Loan Tips
Making the decision to take out a payday loan should not be taken lightly. Before you sing your loan documents, here are some things to consider.
- Borrow only what you need to get by right now.
Resist the urge to borrow a little extra. The more you take out, the more you will have to pay back tomorrow and the more fees you will pay. So, if you need just $200 take out only that amount. Resist the urge to get a little extra money, just in case.
- Consider other sources of money.
If you can borrow from friends and family, it may be wise to do so. A free loan is always preferable. Check with your employer and see if they can advance you money on your paycheck. Consider selling some property that you do not need on eBay, Craigslist or just your local pawn shop.
- Cut back on other expenses.
Go cheap during the loan period to make sure that you will have money to pay back the loan when it is due. Cut back on all non essential expenses like meals out and entertainment. Check with creditors and see if you can skip or defer a payment. A lot of credit card companies will allow you to make interest only payments if your account is in good standing.
- Loans are expensive.
Even a small loan of just $200 is expensive. They come with high fees and they are due to be repaid in just a matter of days. Most loans will be due in 10 to 14 days. Can you pay back the loan in this time period? If not, you should not take a loan out, you would just be delaying a financial crash, possibly making it worse.
Fast Ways To Get $200 Today
Before pursuing a $200 cash advance or other loan, you might want to consider your alternatives. Alternatives that could save you a good deal of money right now. Here are some things to think about.
- Can you borrow from family?
If you can find a family member to loan you the money, you can save a lot of money in loan fees and you can probably take longer to pay back the loan. Just be sure to pay back the loan as soon as you can to avoid hurt feelings.
- Can you get an advance from work?
Many employers will allow you to borrow money from your next paycheck. It is no risk to them because you have already earned the money but it can be an additional payroll headache for them.
- Can you sell something?
Sometimes you just need to let something go. If you have something that you can sell quickly on Craigslist or eBay, this might be the best way to go about your business. You would have no loan fees and can get back to even quickly.
- Can you put off bills?
Some companies will allow you to skip a payment, move it to the end of your loan term or even pay an interest only payment. This could easily save you enough money to skip taking out a $200 loan. If you decide to go this route, act quickly. Most companies require you to be in good standing to use this option.
- Can you cut expenses?
Now might be the time to get rid of the cable or satellite subscription. It could also be a good time to shop for a cheaper insurance plan or perhaps a lower priced electric service. Basically, write down all of your expenses and see what you can get cheaper.
More About Loan Monkey
We provide consumers access to our network of lenders who are ready to provide you with a loan quote. Fill out a short loan form and a lender will review and possibly approve your application. Once approved for a $200 loan or more, you will get an opportunity to review your loan details before you accept the loan. You should make sure that you have read and understand all of the details of your loan before accepting it.
We are not a direct lender so all questions should be directed to the lender funding your loan.
Before accepting your loan, you should familiarize yourself with all of the terms of the loan. In particular, pay attention to the due date and the fees being charged. Only sign for your loan if you understand all of the details and agree to them. Loans are often funded on the next business day which could be as fast as tomorrow.
Payday loans and cash advances are meant for short term financial aid. They are not designed to be a long term financial solution. If you find yourself in need of advice, you should seek financial counseling.