Get Approved for a Bad Credit $200 Payday Loan as Soon as Today
If you find yourself in a position where you need cash quickly, a 200 dollar loan may be able to help. Many applicants will receive an instant decision and subsequently a cash deposit within the next business day. These funds can be used to help cover the costs of a car repair, medical expense, or utility fees.
GreenStarCash works with legitimate, quality lenders who are ready to approve your loan and provide you with funds fast. Fill out our quick and simple application online, no faxing or middleman required.
What Is a 200 Dollar Loan?
When you are approved for a 200 dollar loan you can expect a deposit of 200 dollars. Payday loan maximums can range up to $1,000 depending on your state’s guidelines. If you don’t require this much cash, a 200 dollar loan may better suit your financial needs.
Unlike the common payday loan term length of one month, 200 dollar loans may have an extended repayment period. Payday lenders generally require the borrower to repay the loan when they get their next paycheck. However, an extension in the form of installments each month is possible. This helps reduce your chances of owing fees or receiving penalties for late payments.
Most applicants are approved for 200 dollar loans because of the small sum of money being lent. We work with 100+ lenders, improving your chances of securing a loan when compared to applying to lenders directly. In most scenarios, your application will be instantly approved and a deposit will be on its way within a single business day.
What Can I Do With My $200 Payday Loan?
Fortunately, there are no spending limitations imposed on 200 payday loans. Our application and lending partners will never ask about your financial situation or reasons for applying. Your personal information will be kept private and you can use your cash however you please.
Many recipients of $200 payday loans use the money to see them through until their next paycheck. Paying surprise bills is another common use. If you need $200 instantly to help you pay for unexpected charges, apply for an online loan today.
If I Have Bad Credit Can I Still Get a 200 Dollar Loan?
Bad credit will likely not preclude you from getting a 200 dollar loan. Payday loans in general are easier to secure and come with less stringent requirements. Their short-term length combined with the low amount of cash lent makes them likely to be approved.
Out of the various lenders we work with, no two may have the same eligibility requirements. Instead of using your credit score to decide if they will approve the loan, most base their decision on whether or not you are likely to repay the loan. Borrowers with poor credit can still secure a loan.
If your application is denied by one lender we will send it to another lender, then another, and so on until an approval is granted. This process usually takes only a few minutes, securing you a loan almost instantly.
Do You Offer No Credit Check 200 Dollar Cash Loans?
No credit payday loans do not exist. All of our lenders will run a credit check before they agree to a loan. The type of credit pull they use is a soft credit check. A soft credit check is not the same as a hard credit check used by other lending institutions.
A soft credit check won’t harm your credit score. It won’t be visible to anyone but you on your credit report. Lenders rely on soft credit pulls to get an idea of your borrowing history and verify your information. Reliance on just your credit report to decide if they want to approve your loan is uncommon. Your ability to repay the loan is what matters.
Individuals with no borrowing history or a less than stellar credit report can usually still get a 200 dollar payday loan.
What Is Required to Be Eligible for a $200 Cash Loan?
Our eligibility requirements are uncomplicated and easily met by most borrowers.
- Provide proof that you are 18+ or a legal adult according to your state of residence
- Provide proof that you are a citizen of the United States
- Prove that you are currently employed in a stable position
- Submit an active checking account that has been in operation for 1+ month
- Provide an up to date phone number
- Provide an up to date email
If you satisfy these requirements, submit your loan application today!
How Does a $200 Loan Work? What Is Your Application Process?
From application to submission, our loan process is painless. The steps below detail what you can expect.
- Apply for a loan on our website.
- Your application will be given to one of our quality lending partners. If they do not grant your loan it will automatically be passed along to another lender. This process will continue until a lender agrees to fund your loan.
- Upon approval, you will be sent to the lender’s website. Here you will need to recheck your information, review the terms of the loan, and provide your e-signature.
- You will need to e-sign an ACH authorization in addition to the loan agreement. When you sign off on this form you agree to let the lender withdraw the loan amount and any related fees when your loan term ends.
- The withdrawal is used to satisfy your loan and complete the process.
Can I Expect a Same Day Deposit?
Same-day deposits are possible but never guaranteed. To have a better chance at getting your cash immediately, you must meet the criteria listed below.
- Apply on a weekday that does not fall on a holiday or non-banking day
- Receive a notification that your loan was approved before the cut-off time (commonly 11:30 AM)
Most financial institutions don’t do business on weekends, holidays, or non-banking days and therefore don’t issue deposits. Even if you receive an approval on one of these days, you probably won’t get your cash the same day. Any deposit that doesn’t occur on the day of application will likely be sent by the next morning.
Need Cash Now? Apply Right Away For An Instant Decision.
A 200 dollar loan is effortless to secure and can help cover your emergency costs. Applying online is simple and can net you an instant decision. See your deposit arrive within one business day, allowing you to get on with your life quickly.
Need cash faster? Consider applying in person at the nearest payday loan storefront.