1. How do I know that I've been approved for a loan?
If you've been approved for a loan, you'll be automatically redirected to your lender's website. You'll also receive a confirmation email with information on the next steps you need to take to finalize the loan.
On the lender's website, you'll be able to electronically sign for your loan, which will finalize your loan agreement. If you have questions about the loan, you can contact your lender for additional information. As a side note, lenders have the right to adjust your loan terms only up to the point that you sign for the loan, so please check your agreement before signing for your loan.
Sometimes we are unable to meet your loan needs. In this case, we make our best effort to match you with a short-term credit product that may be able to help improve your credit in the future, such as a prepaid credit card or other line of credit. In this case, you'll be given instructions on how to take advantage of these credit offers.
2. Why can't you provide specific interest rates and terms?
Because 100DayLoans is a loan matching service, we work with hundreds of lenders and can therefore only provide interest rate ranges and general loan terms. When you're approved for a loan, your lender will provide specific interest rates for your loan, and you can review the agreement carefully before signing for your loan.
If you've already signed for your loan, you can contact your lender directly with questions about your rates and loan terms.
3. How does 100DayLoans work?
100DayLoans is today's premier loan matching service. For years we've helped Americans get access to lenders that are ready and willing to lend you money, even with past credit issues. Our industry-leading service makes it fast, free and easy to get loans up to $1,000.
4. How much can I get approved for?
We work with lenders willing to provide loans of up to $1,000. For first-time borrowers, loan amounts are typically lower, while returning customers who have built rapport with our lenders have a better chance of getting approved for a larger loan amount.
The loan amount you're ultimately approved for is dependent on your personal information, including income and employment status, as well as other factors.
5. Can I get a loan even with bad credit?
Yes! We partner with lenders who specialize in lending to those with less than perfect credit. Unlike traditional lenders that only consider your credit score, we look at additional areas of your finances, including time of employment, income and other factors.
Because of our lenders' flexibility, we're able to approve you for a loan even if you have good credit, bad credit, no credit or work-in-progress credit.
6. How fast will I receive my loan?
Once you've been approved, you can receive your loan within one day. Some of our lenders offer same-day funding, though in most cases you'll receive overnight funding, which means you can access your loan by the next day. Our lenders offer direct deposit services that make it extremely easy to receive your loan.
7. Is 100DayLoans a real company?
Yes! We've been matching Americans to the short-term loans they need for years. We're located in Scottsdale, Arizona, and you can visit our contact page to get in touch.
8. Is 100DayLoans a direct lender?
No – we are a loan matching service but not a direct lender. We'll match you with the direct lender who will provide your loan, and we are simply the platform on which you can access the best lenders in today's short-term loan market.
9. After paying off one loan, how soon can I get another loan?
If you need money immediately you can apply for another loan at 100DayLoans the same day. However, it's best to wait to repay the original loan amount first.
Once your full payment has been received by the lender, it normally takes up to two business days for your payment to clear their bank. Once the payment clears, it is reported and one of our many lenders will normally issue you another loan, sometimes for a higher amount.
10. How long do I have to pay off my loan?
There are no standard repayment terms for your payday loan. The actual time you have to repay your funds will depend on a number of factors, including your lender's guidelines, state and local loan laws, the amount borrowed, and other loan terms.
Most lenders will send an email 1-2 days prior to your due date reminding you when your payment is due. If your bank account doesn't have the money available to pay for the loan in full, you may be able to contact your lender directly to discuss possible loan repayment options. You'll be given your loan due date when you initially take out the loan.
11. What if I don't have the money in my bank account to pay off my loan?
If your loan due date arrives and you don't have the available funds in your bank account, contact your lender immediately. Only by discussing your repayment options with your lender will you be able to keep your loan in good standing.
The options available to you depend on your lender, your state and local laws and other factors.
12. Why do I need to submit my banking and Social Security information?
In order for us to find the best loan and wire money directly to your account, we must have your personal information to verify your identity and to deposit funds into the correct bank account. Your information is always kept secure and confidential in our encrypted database.