This Post is the first Part of the 10 Part Series where I
look at the Best Pay Day Loans companies in the USA (United States). Two frequent
questions which I get asked by the Millionaires Giving Money Community in the
USA is (1) where can I get an online payday loan? And, (2) what is the highest rated
payday loans in the USA. After responding to a handful of these emails I was
inspired to make a list of the ten best payday loan companies. In this post I
will be reviewing 100 Day Loans which is one of the best payday loans in the
United States.
Best Payday Loans: 100DayLoans.com
Key Features of Typical Loan
100DayLoans.com offers a maximum loan amount of $1,000
where the cost of borrowing $100 credit ranges from $10 and $30. When you apply
for a payday loan for the first time it is unlikely you will get the maximum.
Your status and state regulations will determine the amount of loan 100DayLoans.com
can offer. Once you make payments on time 100DayLoans.com will offer you more
credit. The APR or annual percentage rate is between 59% and 789% which depends
on your status. There are 42 participating states out of 46. Payday loans are
prohibited in the following states of AZ, AR, GA and NC.
Application Process for 100DayLoans.com
100DayLoans.com is one of the best payday loan lenders
because it has a greatest flexibility and ease of use. The application process
is all done online and there is no need to fill out long application forms and
post them out. The approval time for instant payday loans is 90 seconds and you
can have the money deposited into your checking account the very same day. The
waiting time frame if you want to apply for another loan is next day which
means once you’ve paid off your existing short term loan you can apply for
another one the next day. You can also apply and get approval over the phone
for borrowers who are not able to get online.
Repaying the Payday Loan Lenders
100DayLoans.com is one of the best payday loan lenders
because of the repayment terms and how it goes out if its way to help its customers.
You can borrow money for a maximum term of 100 days which suits borrowers who
need more time to repay the short term loan. You can also opt into automatic-withdrawal
repayments which means you don’t have to worry about making the payment. You
can also apply for a payment extension which allows you to rollover your loan.
When you rollover the amount borrowed you will be required to pay more interest
on the balance. One of the best features of 100DayLoans.com is there is no
penalty for early repayment.
Customer Service for 100DayLoans.com
100DayLoans.com is one of the highest rated payday loans company
because of the service it offers to borrowers. You can contact the company any
time of the day via telephone, email, web form, FAQs and Live Chat. The
operators for 100DayLoans.com are very friendly and strive to help their
customers out so they come back for more short term lending needs.
Requirements to Apply for 100DayLoans.com Loan
100DayLoans.com is one of the best instant payday loan
companies because it has a very lenient requirement when it comes to applying
for the loan. There is no minimum income requirement however your income level
will determine the amount you can borrow. All you need to apply for a short
term cash advance is a valid checking account, a reliable pay check schedule,
valid email, and social security number. You will also need to be over 18 years
of age and have a driver license and photo ID. What separates 100DayLoans.com
from the short term lending companies is there is no credit check however other
third party lenders may conduct their own searches. There is also no need to
fax documents over and you will not get disqualified for bankruptcy.
Best Payday Loan Companies
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