An indirect lender that offers immediate payday loans of up to $1,000.
Based in Arizona, 100DayLoans is a provider of payday loans that offers a fairly simple premise: that you can get a short-term loan immediately, but don’t have to pay it back for 100 days. This, of course, is a maximum estimated loan length, and will only apply to those (returning) applicants who tick all the right boxes. For an initial borrower, the length of the loan will typically be shorter than 100 days. 100DayLoans is not a direct lender but a middle-man; a company that consults a variety of different lenders (quoted as around 100 in total) in order to find the best possible loan for you. The service covers all 50 states in the US, and the company says that they process around 2,000 new applicants every day.
As for the APR (Annual Percentage Rate), remember that 100DayLoans is a loan-matching service therefore the rate may vary from 36% to 615%. This means that the cost of credit per $100 borrowed can be from $2 to $24, with a maximum loan amount of $1,000. Returning borrowers may be able to borrow more money depending on the state in which they reside. Once you have applied, the service will match you to a potential lender and then come back with a quote that suits you. Remember that loans are provided regardless of credit history, so don’t worry if you are burdened with bad credit – approval is just a click away.
Applying for a loan is easy, and 100DayLoans boasts one of the quickest application-to-cash response times for this kind of website. Approval itself takes less than 90 seconds in most cases. The easiest way to apply is through the website, but it can also be done via other means. Simply fill out 25 questions, ensuring you are at least 18 and a permanent resident in the US (with a driver’s license and social security number). All of this is done through a secure connection so as to ensure the data you provide is safe. Once an application has been approved, you can receive your funds overnight. There is also live chat support on the website if you have any questions or queries.