Let’s Get That Quote
First, let’s get you a free quote on a loan. You do not have to accept the offer, but you might as well find out if it is a good option. Plus it’s quick and easy so why not get started?
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Making the decision to take out a payday loan or cash loan should not be taken lightly. Before you sign 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 dollars, take out only that amount. Resist the urge to get a little extra money, just in case. Only take a loan for what you desperately need and no more.
- 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 200 dollar loan is expensive. They come with high fees and they are due to be repaid in just a matter of days if you choose a payday loan option.
- You should know your options.
It is important to have all of your options laid out in front of you. So, get your loan quote but do not commit until you have all of your choices. Then examine all of your options and pick the one that works best for you. Sometimes this is a loan and sometimes this is selling something or even cutting expenses.
- Is it enough money?
In some cases, a 200 dollar loan might not be enough money. If you need more and more time to pay it back, consider a $500 installment loan. More money with payments that you can stretch out over a few months. The advantage is smaller payments that you might find more manageable.
- Can you afford to pay it back?
Insert the payment into your budget for your next payday and see if you can pay it back. If not, you should consider carefully whether to accept it.
Representative APR & Loan Cost Examples
The following rates are for informational purposes only and do not reflect the rate that you may be offered by your lender or lending partner for your 200 dollar loan.
Purchase Example: $200 Payday Loan
Purchase Price: $200
Period: 2 weeks
Total Payments: $230
Period: 2 weeks
Total Payments: $240
Other Ways To Get Money
A cash advance or payday loan can get the money you need ASAP, but 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.
Consider the following options as alternatives to a loan.
- 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.
- Can you simply do without the money?
What do you need the money for. If it is something that can be put off for later or not really needed, maybe you should do without.
Outside Of The Box Options
If you are still reading and still need money, it is time to think outside the box. Here are some other ways to make the money you need that you might not have thought about.
Sometimes you just have to go outside of the box, but whatever works, works.
- Selling Plasma
You can easily make $200 to $300 a month selling your plasma. You can also keep doing this month after month to supplement your income. Make money and do something good.
- Selling Scrap Metal
Recyclers will buy recyclable metal. All you need to do is collect it and bring it in. Think bigger than just aluminum cans. Recyclers will buy all sorts of metal including copper and stainless steel.
- Collect Sign On Bonuses
Lot’s of ways to going about this. All sorts of companies offer bonuses for signing on. Opening a new checking account could earn you $100. Switching satellite providers could get you several hundred dollars in Visa gift cards. You can even think about switching jobs. Get a sign on bonus and maybe even a raise in hourly salary.
- Buy & Sell On Craigslist
Buy low and sell high. Lots of items can be bought at a discount and simply resold the next day, making you hundreds of dollars potentially.
- Doing What Other People Won’t
You can make a lot of money doing what other people don’t want to do. This includes things like house cleaning, cutting lawns, picking up dog waste, etc. Advertise your services with inexpensive business cards by handing them out door to door. You might be surprised at how much wor3 you drum up. Get the cash that you need now and possible a great source of income for the future.
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 loan, you will get an opportunity to review your offer 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.
Can I Get An Instant Loan
If you need approval quickly, our network can do just that. It takes just a few minutes to get your loan decision. About 2 minutes to complete your loan application and another minute or two to hear from the network.
But you might be saying, “I need money right this second!” That is something that is generally not possible. If approved, you can get your money as soon as the very next business day. Exact time of deposit will vary and we can not guarantee that you will get approved for a loan. Getting money right this second is something that can not be done, we can help you get the next best thing though, money as soon as the next business day.
Top Ways To Get Money By Tomorrow
If you have read this far, it might be a bit confusing, so let’s wrap it up and bring everything altogether. Here are the top ways to get 200 dollars by tomorrow.
- A Loan
Obviously the easiest and most surefire solution but it comes with feed.
- Sell Something
You will have to hustle to get the money by tomorrow but it is possible. Try eBay with a “buy it now” option and a competitively priced item.
- Turn In Scrap
If you can collect enough scrap metal, you can turn to a local recycler to get the money that you need. Most cities will have a scrap yard or two.
- Sell Plasma
It won’t get you all of the way towards the 200 dollar goal but every little bit helps. You can get up to $50 in just an hour, so it is worth considering.