100DayLoans Review

100DayLoans are a service that provides payday loans that can be paid back in a short, reasonable period of time. The loans are approved quickly online and you can get cash to your bank account in virtually minutes, allowing you to take advantage of quick money when you need it to cover for emergencies. Sometimes banks can take up to 2 weeks to decide whether they want to give you a loan or not and sometimes they end up refusing or declining anyway, so for unexpected emergencies such as car repairs, medical expenses, bills piling up, these payday loans are often a great solution. 

Features

Easy and fast payday loans, and complete secure - All you do is fill out an online application, provide your information and then in just a few minutes you are verified and approved. 

Everything is automated - Your electronic signature guarantees your loan in minutes after you have read the terms and rates. Funds will be expedited directly to your bank account. 

Military-grade protection - Personal security protection and privacy guaranteed as 100DayLoans uses only the latest military-grade encryption in their security technology. 

No fax machine, no worries - There will be no faxing required as all verification is done online. 

Longer than 14 day loans - There is no standard time period for paying off loans with 100DayLoans. Most borrowers do it within 8-25 days as this is mostly used for emergencies just before payday arrives, but this is not a limit or cap. 

Loan extensions available - In case you do not have enough funds on your bank account when the lender sends a reminder email before the money is due, then you will be given the opportunity to extend the terms of the loan. 

Poor credit borrowers accepted - Even if you have bad credit, you can get approved for a loan on 100DayLoans. In the case of loans like this, only your income and personal information is used to verify your ability to pay the loan back. The credit history is not checked. 

Maximum of $1,000 loans for first-time users - Loans are provided up to $1000 for the first time and if you have a good experience with that loan then in future you may be allowed to borrow more.

Pros 

The biggest advantage of the 100DayLoans and payday loans companies in general is that no matter how much of an emergency you have, you can get a loan within minutes or at least the next day. Sometimes through no fault of your own, you are suddenly responsible for a huge medical bill or an auto repair bill and you simply cannot get a loan from the bank fast enough to cover it. 

100DayLoans will allow you to get around this situation by requesting a short term loan that you can pay back as soon as you get your income again. When your income finally does come through, you can choose to pay the loan off completely or negotiate for an extension so that you do not lose all your money again. 

Cons 

It is advertised as within a few minutes or an hour, but sometimes it happens that the loan actually arrives on the next business day. This is still better than the time it takes for money from the bank to come through though.