A $200 payday loan is one of the most affordable loans that you get online, therefore, it stands a very good chance to be quickly approved. Most lenders don’t have any problem to send you the money you need very fast, because it is a rather small amount of loan. In order to qualify you must have an income of about $800 a month. Most people can easily meet that requirement. If your income is higher than that, you may qualify for larger loans, such as a 500 dollar payday loan for instance.
A large number of people believe that having a bad credit precludes them from getting a loan of any size. That’s not the case! Many lenders specialize in loans for people with bad credit. They know you have a terrible credit record and they’re still willing to lend you money. It’s not about how horrible your past credit history but rather how much money you make every month. People with good income and bad credit can easily qualify for large loans. Lenders may have no problem with your past but focus instead on your current situation.
We offer a large network of direct lenders that are specialists in short term payday loans, ranging from $100 to 1000 dollar payday loans. The maximum amount of loan that you can apply online is $1500. That is the amount imposed by the government, which has capped payday lending.
A 200 dollar payday loan is one of the smallest loans available. That is a good news, because the smaller the amount the greater chance of being approved. You can get a $200 cash advance by filing an application that takes less than 3 minutes to complete.
Once you have met all the criteria imposed by the lender, you are likely to be approved for a loan. Money is directly deposited into the bank account you specified on the form.