2007-03-23 07:05:27 · 4 answers · asked by Anonymous in Business & Finance ➔ Credit
Dont take out a loan for $200, if you have a bank and direct deposit setup, ask about direct deposit advance, It is automatically deducted from your next paycheck and you pay back $1 for every $10 you borrow so for $200 you would pay back $20. And you dont have to sign paperwork or get approved for anything. Best choice in my opinion.
2007-03-23 07:11:29 · answer #1 · answered by chase.casey 3 · 0⤊ 0⤋
Well I don't know about where to get the loan from, but if you borrow $200 at, say, 6% interest and have to pay it off within 12 months at monthly payments...
You'll have to pay back $17.21 per month. Although, I don't know why you'd need such a small loan amount. Just do some yard work or chores for neighbors for a week and you can easily make $200.
Plus, if you're under 18, I don't think you can legally take out a loan anyway.
2007-03-23 14:13:35 · answer #2 · answered by FinanceMike 2 · 0⤊ 0⤋
Why in the world would you get a loan for $200? Go to a payday advance place for that little bit of money. I will warn you that the interest rates will be ridiculous at those places, or so I heard.
2007-03-23 14:12:00 · answer #3 · answered by exiletheking 2 · 0⤊ 0⤋
Never borrow money on the internet! If you need money borrow from friends or relatives. Online you will pay high illegal fees to borrow money.
If you only need $200, don't do it online, you will end up paying back more than $200. Borrow a small amount of money from friends and family and pay it back!
2007-03-23 14:14:31 · answer #4 · answered by newyorkgal71 7 · 0⤊ 0⤋