Get Your Offer
Quotes take just a few minutes and all that is needed is some basic contact and income information. If you are approved and like your offer, you can have the money as soon as possible and it will be deposited directly into your bank account. Ready for your offer?
About Your Loan
The first step in the process is to get your free quote. It is easy and there really isn’t that much information to submit. Basic information about you, your income and your bank information. If you get and like your offer, your lender will use the banking information to send you the 40000 dollars electronically. It is the fastest way to get your money.
Once you have completed the form, you will need to agree to the terms and conditions, pretty standard stuff but you should read it, and then hit submit. This is where you will see the benefit of working with a loan network. With a single direct lender, you would be judged by one company and if you are not what they are looking for, you get denied. End of story.
Loan Monkey is not a lender and this works to your advantage. Instead, we give you access to a loan network. This means that if you get one denial, your info just goes to the next lender. This happens again and again until you get a $40000 loan offer.
With your offer in front of you, you can now examine it and see if it works for you and your particular situation. Always take the time to review your offer and make sure that the cost of financing $40000 is worth it. If it is not, you can simply move on. If it is to your liking, you can accept the offer and your ender will finalize the loan deal ASAP.
Once everything is done, your money will be wired directly to your checking account and you can start using it right away. It couldn’t be easier.
Paying Your Loan Off
Before accepting the 40000 dollar loan, you should consider whether you can pay the loan back or not. Get the quote and then insert the payment into your budget. Does it make it too tight to survive or is their enough wiggle room in your budget to make the payment?
If your budget is tight with your loan payment or if you just want to get it paid down faster, here are some ways to make a little extra money. Ways that can make you hundreds of dollars a month with minimal effort. They should make paying down that 40000 loan easier.
Make Money Selling
Sure, you have a few things that you can sell but how is this going to help you long term?
Well, there are lots of ways to sell long term. One is to buy local and sell online. This works great and all you have to do is buy things for cheap locally and then list them on eBay where they will sell for more money. Look for cheap merchandise at garage sales, Craigslist and even thrift stores. Then re-list them for more online. You can easily make a 40% profit on most items, especially if you are familiar with a certain niche.
For best success with this method, you should pick a niche that you know well. Next, you should study eBay so that you know exactly what the items in your niche are going for. You then can determine if local deals are good enough that there is enough meat on the bones, or room for you to make a profit.
Another way to make money by selling is to sell your plasma. Plasma is great because it doesn’t drain you, so to speak, like whole blood donation. When you donate plasma, they return your red blood cells to you. This means that you can donate a lot more. In fact, you can donate twice a week. You only need to wait 48 hours before donations.
As far as money goes, you can make an easy 300 dollars a month donating and you can make that much every month, 12 months a year. That will knock a huge chunk of money off of that $40,000 loan payment.
Start A Side Gig
A side gig or side hustle can help you make the money to make your installment loan payment and can be a useful tool moving forward to increase your income and rate of saving. Here are a few simple side gigs that you can do if you like to be self employed.
If you have a lawnmower and a trimmer, you are in business. Make about $30 on average to do a lawn. It is hard work and you will need to do a lot of lawns to pay back your $40000 loan but you have to start somewhere. Besides, the exercise will be good for you.
It’s dirty work but someone has to do it and get paid. The great thing about house cleaning is that it is cheap to get into the business and the work is high repeat business.
If you have a little experience with website design, you could easily make 700 dollar plus website and sell them with ease. You could even web design into a new career. Advertise your services on places like Fiverr to get started and then gradually increase your prices as your reputation and your skills increase.
Cut Your Expenses
Saved money is the same as earned money. So, a great way to fit your loan payment into a tight budget is to cut expenses. You can do this in many different ways.
You might choose to cut your entertainment spending by limiting your nights out and cancelling your cable or satellite. Replace it with a streaming service and you will probably see that you are just as happy.
Bringing your lunch to work is another way to cut expenses and it will probably make you healthier as well. Save as much as $200 a month if you currently dine out every day.
Finally, audit your other bills and see if you can do better. Auto insurance can often be found cheaper as can electricity rates if you live in an area where you can choose your provider.