About100DayLoans.com

In the 100 day loans how it works page they have an info-graphic which explains the way they work to give you a loan.

Lets help you understand in details how 100 day loans works:

Once you have applied for a loan and submitted your application their unique software will send your application to all the payday lenders who have registered themselves with the company. All of them get to review your application.

Some parts of your application will actually get an automated review by software. If there is some problem in the automated review, your application may get rejected even without reaching a single lender.

They have more then 160 lenders in their network. And if every lender gets a chance to review your application, it means you have maximum chance of getting approved for a loan.

All this will happen very fast, behind the scenes and the first lender who approves you for a loan will get a chance to offer you a loan. Usually this whole process will take about 2 minutes, and during this process you should not refresh your browser.

Withwithin minutes you will know if 100dayloans have actually approved you for a loan or not.

If you are approved, your browser will be redirect to an electronic signature page where you can read the terms of the loan. If you agree to the terms you can sign for your loan electronically.

You need not fax any documents whatsoever. You will need to just sign the electronic document online and the loan is yours.

Once you sign, the cash will be transferred to your bank account directly. You need not go anywhere to collect the cash.

When will you receive the funds?

This depends from lender to lender and application to application. Some may receive the funds in the evening but in most cases the funds will be in your bank account the next business day.

You need to check your bank account the next day. The funds should be in your account by 1 pm. If you have been approved for a loan and the funds did not reach your account by next business day 1 pm, you should inform your lender directly about non-availability of funds.

You will be given the lenders phone number. In such situations its better to call the lender and tell them the problem.

Is the data transfer secure?

Yes, 100 day loans uses the latest software and hardware technology to make sure the data that is being transferred online is highly secured and encrypted. Your data will not be stolen online.

Your bank information and other sensitive data are also highly secured. After certain time all these data gets deleted from the system.

It’s very safe to apply a payday loan with 100 day loans.

Some points to remember:

1.    Don’t apply for more than you need.
2.    Pay your loan back on time.
3.    Do not expect 100 day loans to give you a loan for 100 days. It’s not advisable to keep the loan for 100 days.
4.    If you cannot repay on time, talk to your lender.
5.    At any cost go for a maximum of one rollover.
6.    If your financial situation is very bad and you are in deep debt, talk to a certified financial counselor. Payday loan is not a solution.

We recently received an email from 100 Day Loans saying that they have now started pay per call for their affiliates where each affiliate will get a unique phone number.

Now their top affiliates can run a pay per call program and earn cash. However details on the commission are still awaited.

We feel with the pay per call the already popular payday lending company 100 day loans will become even more popular.

They have an in-house call center that can handle these calls. A new phone number will be given to every affiliate and they can promote this number on their websites.

The offer is not open to all affiliates of the company. It’s only open to the top affiliates only who are performing very well for the company.

Pay per call affiliate program is not new in the affiliate industry. Even Commission Junction has a pay per call program.

Most websites with affiliate programs now do have pay per call opportunity. This helps the affiliates to market the products in an even better way. When the customer sees a phone number on the website, they get more faith in the company that’s being referred.

Our research shows that 40 out of 100 people do call the phone number mentioned in a website if they are serious about doing business. That’s a big number. This number may vary from industry to industry. However our survey is based on online payday loan industry only.

Coming to 100 day loans – their already popular affiliate program will get a shot in their arm. Their overall business will improve too. Pay per call will only add to their business. Now they will start getting even more customers. Our research also shows that those who are slightly skeptical about a company usually are the ones to call and decide if they want to do business.

People at 100 day loans know this and therefore have come up with this idea. If you visit their website you will see that they already have a number. But affiliates can directly put this phone number on their websites for the prospective loan seeker to call. They can even apply by phone.

This means people seeking payday loan from an affiliate site can actually apply for payday loan from 100DayLoans without actually visiting their website. Don’t you think this will increase their business? We definitely think so.

Yes its true that 100 day loans does approve loans to people with bad credit (this is what they mention in their website), however it is also true that if you have a poor record with payday loan lenders, they may reject your loan application. In fact this rule applies to any payday lender in the US.

Actually times have changed and we are living in difficult times. It shows on every business including payday loans. 🙁

Before recession (prior to 2008) almost everyone got approved for a loan regardless of their credit or relationship with past lenders. In those times lenders were willing to take a risk. However post recession lenders have become very cautious as far as approving a loan is concerned.

Not a single lender wants to take a risk and approve a loan to people with very bad credit and/or people with a bad credit history with payday loans. Those times are gone when you would apply for a loan and you get approvals from 10+ lenders. In those times the choice was yours and you could actually negotiate the rates. Now consider yourself lucky if you even get approved by a single lender. Forget the rates, if you really need the loan you got to accept whatever rates they are throwing at you.

The reason to not approve loans to all and sundry is obvious; everyone wants to make sure they get their money back at the least. We must mention here that the bunch of lenders there at 100 day loans are slightly more willing to take risk and approve a payday loans. That makes a lot of difference. It means your chances of approval at 100 day is more.

We did a test through affiliate marketing and found that when everything else remains the same, from the same traffic source, and keywords we got more approvals per 100 visitors to the 100 day loan program. In fact 100 day loan lenders are 60% more likely to approve a loan than most other lenders in the US. (However our research was based on 100% PPC traffic from the search engines and as you know these are highly targeted traffic that converts well. But the same traffic DID NOT convert that well for other payday loan companies. Approval rate in 100 day loans for the same amount of traffic was 60% better.)

Therefore we may conclude that if you apply a payday loan with 100 day loans there are more chances of your application getting approved. If you have been rejected elsewhere we recommend that you try 100 day loans at least once.

It is strange that many people think that 100 Day Loans is a direct lender of payday loans. It could be because of the name and the branding of the company.

By the name it looks like 100 day loans is a company that offers loans directly to consumers for 100 days. But the fact is it is not. Neither 100 day loans is a direct lender nor does it have the ability to give a loan for 100 days. Yes they can definitely help you get a rollover or an extension on your loan, but that may not be for 100 days.

Now the question is what exactly is a direct lender?

A direct lender is someone or a company that offers loan to customers from their own financial resources. Since they offer the loan themselves the profits and the losses if any are 100% their own.

Payday loan brokers on the other hand are people who market these loans on behalf of some payday lender and if there is any sale that is generated, they keep a part of the profits as their commission.

They are not involved with the other part of the business that is loan disbursals, fees, interest rates, payday loan laws, debt collection, after sales service, loan closure etc. All this is taken care of by the direct lenders.

Many people looking for payday loans in the US actually look for a direct lender. They do this thinking that the direct payday lenders will be cheaper than the payday loan brokers since there are no commissions involved.

This may not be entirely true as if the loan rate does not reflect the market loan rates it may not be sustainable for that business to survive. Yes its true that payday lenders rates may differ from lender to lender but that does not depend on whether they are a direct lender or not. More often than not it actually depends on the person who is applying for the loan.

If someone is too risky to offer a loan, the lenders charge more. And if someone has a great history with payday loans the lenders are willing to lower their rates.

If you are looking for a direct lender to get a payday loan, you are actually wasting your time. Just look at the finance fee offered to you for the loan; don’t look at who is offering it.

A direct lender may offer you very high loan rate, whereas a broker may offer you competitive rates. Well it may be vice versa also, but it has nothing to do with the status of the lender.

Everyone needs money. And moreover the recent recession and the current tough economic times have created a credit crunch. There is less cash in the system and therefore people resort to short-term cash to meet their day to day expenses.

As you know a short-term loan is a loan that is given for a very short term, say for 15 days or less and millions of people in the US apply to get a payday loan a.k.a short-term loan. It is another story that not many of them get approved. We leave it to that.

However those who get approved want to keep the cash for as long as possible. 100 day loans provides (or at least promises to provide) exactly that.

According to a search engine keyword search tool “100 day loans” is searched for more than 12000 times in a month. That’s almost 400 times in a day and 144,000 times in a year. And this number is set to rise. This speaks the popularity of this site among the general population of payday loan seekers in the USA.

Now we discuss why this site has become very popular in such a short span of time.

A little bit of history: 100dayloans.com was launched in 08-25-2009. Its not even 3 years and the popularity of this website has gone up from nowhere to 12000 searches in a month. That’s a massive achievement.

This was possible because of one plain simple reason. It promises to give a loan to almost everyone who applies and gives a lot of time to payback the loan. Frankly, it is not correct to say that they will let you keep the cash for 100 days. However you can rollover, but be prepared to pay the rollover fee.

Should you apply for a payday loan from them? Yes if you really need a loan. Why not – after all they have a better approval rate than many other payday loan companies. But if you get approved please remember this. It’s not a good idea to keep the loan for 100 days, you may end up paying a huge fee. Try paying back the loan in time. Don’t go for any extension/rollover.

Frankly speaking chances of getting a second payday loan before paying off the first one is low but not impossible. However there are ways that can help you get another payday loan even if you already have one.

Payday loans are very high interest rate short-term loans and therefore you are advised to pay them back as soon as you have the cash. Taking a second payday loan is not advisable until you payback your first loan.

But there can be exceptions to every rule and if you really need a second payday loan, here we have written a few ideas that can help you to get a second loan.

You can apply your second payday loan with us. This online payday loan application works both on a mobile or laptop/desktop. You can get up to $1000 or more. We offer great benefits: Instant Approval – Better Rates – Secured and Confidential Application – 100% Registered & Licensed Lenders – Easy Repayment Terms. Apply using the form below:

It is a more variable product, providing consumers with short or long term loans, offering varying loan amounts starting from $100. It can be repaid on a monthly or bimonthly basis over time. Thank you for your application.

Most lenders will give you the same advice as written above if you apply for a second payday loan. Let’s make things very clear. Lenders have ways to know if you already have a loan therefore it makes no sense hiding the truth; they will know anyway and reject your loan.

So the question remains. How do you get a second payday loan to make some extra cash?

Let’s reverse the question. Why do you need a second payday loan?

There can be two reasons:

1.    You need extra cash for the emergency situation as the first loan may not fulfill the required criteria, and

2.    You don’t have cash to payback the first loan, so you need a second payday loan to payback the first.

Let’s look at the first reason:

You requirement is $1000 but you were approved for $500 only. So now you need $500 more to get over your temporary cash problem.

Make it very clear. Even if you apply in hundreds of payday loan websites, your loan will get rejected as the lenders will find out you already have a loan. Don’t waste your precious time trying out and filling numerous forms. You are going nowhere.

There is only one person who can help you here. The lender who has already given you a loan. Only this lender can help you get another loan.

How do you get another loan from him? Check your phone and documents and get his phone number. Have a talk with him. Explain your situation in a nice way. Build faith. Be sincere in your talk. Tell him it will be great if he can help you. Remember he is the only person who can help you. We are humans and we understand each other problems. If your lender thinks you really need some more cash they might just give you another loan.

He already has your details. You need not fill the application again. But if they ask you to do so, fill the loan form again.

You might even try filling the same form again after your first loan is approved without having a talk with your lender. They just might give you a second loan. However they will certainly call before offering you a second loan.

Now to the second situation:

You don’t have cash to payback your first loan. In that case read your terms. There it will be clearly mentioned what to do in the event you don’t have cash to payback the first loan.

You may need to tell about your situation immediately to your lender. He is in the better place to take the correct action. They might give you an extension, or ask you to pay a part of the loan. They might even rollover the loan (give another loan to payback the first).

Remember rollovers are costly as you may have to pay double the finance fees. Two fees for the two loans you have taken. It’s therefore advisable to avoid rolling over payday loans.

Three or more rollovers can take your finances deep down in debt. It may take years for you to come back from that situation.

Remember the above while taking a second payday loan.

100 day loans is a payday loan company with a simple concept – they offer a payday loan with an option for paying back the loan after a few more days than a normal payday lender would allow.

Note: This extension may not be for 100 days as advertised, but you can get some extra time to payback your loan. However it also depends on the lender that is giving you a loan.

It is just a couple of years and this site has become very popular. Now there should be a reason as to why 100 day loans has become popular among payday loan consumers. We discuss a few things:

1.    It’s a highly secured site: Unlike many payday loan websites 100dayloans.com is a very secure site. It has a strict privacy policy. If there is something they want their visitors to know its there in their privacy policy. Visitors are also requested to read their privacy policy before applying for a loan. They don’t hide anything there.

Data transfer is also in a highly secured mode. Your data cannot be stolen when it’s traveling through wires.

2.    Low cost of loans: Every payday lender says they have the low payday loan rates but they don’t. However with 100 day loans thing are slightly different. The site is very popular and therefore they get a lot of applications everyday – much more than any average payday loan website gets. This is a huge benefit – since they get more customers they can take more risks and pass this on to their customers. Therefore their loan rate is slightly lower than what many lenders offer in America.

3.    Very good customer service: any profitable company can keep enough employees to take care of their clients. Same is the case with 100 day loans. They have a great customer service. If you have taken a loan or you want one – just register in the site and they will provide you with a customer care number that you can dial anytime you need advice or help. They will be ever ready to help.

Now some important points to note. Even though they are committed to give you a loan, not everyone gets approved for a loan. There is a reason for this. People who do not have good credit record may not be approved, as the lenders there have strict rules to offer a loan. Yes if you have an average credit they may offer you a loan, but if you have not paid back a payday loan anywhere else they may not be able to offer you a loan.

Still you should give it a try to see if you qualify for a payday loan with 100 day loans.