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?
100DayLoans is a loan-finding service, not a direct lender. We provide a loan-finding service by connecting people looking for loans with lenders. Because we work with many lenders and not just one, we can’t provide the exact rates and terms of your loan. Each lender offers different polices, rates, and terms when they lend, and the actual terms of your loan will depend on your personal information, including employment, income, and credit background. Only your lender can provide you with information about your specific loan terms including APR, fees, charges, and repayment period.
If you've already taken out a loan and still have questions about your loan’s terms and conditions, please contact your lender directly.
3. How does 100DayLoans work?
100DayLoans provides a real-time loan finding service by connecting consumers looking for loans with lenders. Our service offers consumers a better chance of approval by working with a network of lenders, not just one.
You simply complete the online loan application, and in the background, our loan finding service goes to work to match you with a lender. If you are matched with a lender, you’ll be automatically redirected to your lender’s website. There is never any obligation to accept a loan offer, you're in control.
4. How much can I get approved for?
We work with lenders who provide short-term loans up to $1,000. Loan amounts are typically lower for first time borrowers, while returning borrowers who have built rapport with our lenders have a better chance of getting approved for a larger loan amount.
Your loan amount is determined by the lender based on your individual creditworthiness, 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; our lenders look at additional areas of your finances, including time of employment, income, and other factors.
Because of our lenders' flexibility, we're able to match you with 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 business 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 business 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?
We are a loan matching service, not a direct lender. We match people with money. We submit the information you provide to our lender network and attempt to match you with a lender. Our technologically advanced loan matching platform offers real-time access to our expansive lender network.
9. After paying off one loan, how soon can I get another loan?
At 100DayLoans, we support responsible borrowing and lending practices. Part of this means that we recommend you only borrow what is needed, and although it is possible to take out more than one short-term loan, we suggest that you successfully manage and repay one loan before taking out an additional one.
If you have long-term financial struggles that require more than a short-term loan, we recommend seeking professional credit counseling that may be able to lower your debt, improve your credit and better help you manage your finances.
10. How long do I have to pay off my loan?
There are no standard repayment terms for loans. The actual time you have to repay your funds depends on a number of factors, including state laws, your lender’s guidelines, and the terms of your loan. Your lender will provide you with all the financial terms of your loan including, the due date, when you take out the loan.
Usually you will have to pay back a short-term loan on your next payday. Most lenders send an email a couple of days prior to your due date to remind you when your payment is due.
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 match you with a lender and for the lender to wire money directly to your account, our lenders need your personal information to verify your identity and to deposit funds into your bank account. Your information is always kept secure and confidential in our encrypted database.