100Day-Loans.com Review: An Average Lender-Matching Service for Payday Loan Needs

What is 100Day-Loans?

100Day-Loans.com (which seems to relate to LendingVIP.com) is not a lender and does not lend money. It’s rather an intermediate between you and a direct lender. The company has a vast network of lenders who are suitable for your individual financial needs. Submitting an inquiry is totally free. This matching service was created to help people find the necessary funds very quickly, without hassles or efforts. They claim that their lending partners are able to offer the best loan terms and rates. This website allows filling out a single application without a need to visit numerous lending companies and fill out many applications. According to 100Day-Loans, they have already connected millions of people with trusted payday loan lenders.

Types of Loans

Using this service, you can find a suitable lender providing payday loans (also known as cash advance, short-term loan, instant loan, and so on). A payday loan is designed to help people who need some extra money prior to the day they get paid. The loan amounts range from $100 and $1000.

Once a client’s request is approved, the cash will be transferred directly to his bank account within one business day.

Terms of Use

100Day-Loans.com helps find payday loans ranging from $100 to $1000. The approved amount will be determined by the lender.

According to the main page, today’s acceptance is 99.6%, which is a very high indicator:

You must meet the following qualification requirements to be approved for a loan:

1. be employed at your current job for at least 3 months;
2. legally reside in the USA and be at least 18 years of age;
3. have a steady income of around $1000 a month;
4. have an open checking account in your name;
5. have a work and home phone numbers;
6. have a personal email address.

The loan rates and fees are determined by your lender, based on the information you submitted. 100Day-Loans is not able to give a precise APR for your loan but mentions that the average APR for payday loans is 391%. For example, if you borrow $100 for 2 weeks, you will be charged $15 and will need to pay off $115.

The fees will vary depending on the requested loan amount and the lender. You will be able to see the exact fees an terms for your loan on their website of the lender you are matched with. However, you need to remember that these types of loans are designed to help you cope with emergency needs and may be very expensive, especially if you are late with your payment.

Remember that you are not obliged to accept these terms if you do not like them. Just interrupt the application process if you find the loan terms unsuitable.

100Day-Loans.com offers to find the applicable laws and regulation in your state using a table. Below you can see a part of this table, namely, the terms for Illinois, Indiana, and Iowa:

Application

The application process is free and is purely online.

You will be asked to provide basic details in order to complete an application. The application consists of 3 parts and requires typing in the name, address, SSN, phone number, email, income details, banking account details, and some others.

The lender may contact you for additional information and may ask you to fax them a few documents such as your pay stub.

Lenders from the network of 100Day-Loans do not require a collateral.

Loan Repayment

The due amount will be taken automatically from your checking account when it is time to pay off the debt. This way you can save your time and will not have to visit any office.

Payday loan lenders from the system of 100day-loans.com follow different late payment policies. So you need to carefully read the terms before signing a loan contract.

If you fail with your loan repayment, additional fees or charges may apply. The matching service strives to work with reputable lenders who have fair and reasonable collection practices. You can use a table available on the website to find your location and review the lender’s common measures in the case of non-payment.

Loan Extension

According to the website, some borrowers can qualify for a loan renewal. The state laws will determine if a lender can allow an extension or not. Some states allow many extensions and some forbid this practice.

If a lender is a member of Community Financial Services Association, he is permitted to provide clients with an extended payment schedule.
Some lenders in the network of 100day-loans may automatically extend your current loan for another 2 weeks if you fail to repay it on the due date. Extension fees vary by lender but as a rule, these fees are same as those you paid to receive the initial loan.

Some lenders are even ready to approve your loan if you have another loan. But you’ll need to inform your lender about having another outstanding loan.

As soon as you cancel your loan with 100day-loans, you can usually apply again.

Nothing is mentioned about whether you are allowed to pay off your loan early without pre-payment fees.

100day-loans.com Bad Credit

According to the website, this matching service is well-known for its ability to help borrowers even with bad credit or no credit at all. They say this is one of the main advantages of 100day-loans:

They mention that their lenders do not conduct credit checks with the three major credit reporting bureaus: Equifax, Experian, and Trans Union. However, in some cases, lenders may check your credit score using alternative providers such as DP Bureau or Teletrack, which does not affect borrowers’ credit score.

Even if you are bankrupt, you can still qualify for a payday loan.

Technical Characteristics of 100day-loans.com

Encryption

According to the website, 100day-loans makes use of the most secure and advanced encryption technology in order to protect customers’ sensitive data. They also ask to avoid websites making false claims about using encryption technologies since using such websites will make you an easy target for hackers. I found out that 100day-loans.com is just the same website which does not have a secure connection:

This means that your sensitive details can be viewed and even stolen by others. Besides, they mentioned that they cannot guarantee that consumers’ personal information will not be intercepted or decrypted by third parties. The online service accepts no responsibility for such incidents.

Mobile Version

For websites like 100day-loans.com, a mobile version is of a great importance. According to Google Mobile-Friendly Test, this online service is adapted for mobile users and can fully perform its functions when visited from a mobile device:

The mobile version has a convenient menu at the top of the page. The application doesn’t differ from the desktop version. I did not notice any scrolling, close links, or other problems. All unimportant information was replaced by secondary pages. The mobile website works well and you will not have any inconvenience when visiting it from your tablet or a smartphone.

Antivirus

Regretfully, 100day-loans.com uses no antivirus which makes your sensitive information vulnerable to various virus attacks and online identity thefts. Today there are many dangerous malware programs that can steal your personal details.

I advise the website’s administrator to fix this problem and make this website a safer place. After all, people prefer to use websites that have taken many efforts to provide the best security level to their clients.

The Convenience of Using 100day-loans.com

It seems easy to request a payday loan with 100day-loans.com. You just need to complete an online application and your request will be matched with one of the payday loan lenders. You can get the funds without having to leave your home. You only need to wait a few minutes as the matching service connects you with a suitable lender. Once matched, you will be redirected to a lender’s website, where you will be able to read the full rates and terms of the loan. If you accept an offer, the lender will redirect you to an e-signature page. Shortly after that, the funds will be transferred to your banking account.

I like that consumers can use this without registration. To start the process, they only need to fill in loan amount requested, zip code, and email. Then, they click the “get cash now”:

During application, you will be required to provide SSN, address, birth date, checking account, the name of the employer, monthly income and so on:

I remind you that 100day-loans is not able to provide you with the exact terms and rates of your loan because it’s not a lender. All the details will be provided by a direct lender whom you are matched with. So it may turn out that you wasted your time on filling out an application.

New visitors may find many useful details in FAQ section which lists answers to the most popular questions about payday loans.

Considering these aspects, I conclude that this matching service can be very useful as it helps you to find the most suitable lender for your needs in the shortest time. However, the website cannot provide potential borrowers with precise terms and qualifications, so they still have much work to be done.

Is 100day-loans-com Legit?

ScamAdviser was confident in 100day-loans-com safety. The site’s trust rating reached 96% out of 100% on the safety scale, which is a very good sign:

According to ScamAdviser, the online lender matching service looks safe to use. ScamAdviser could not give a 100% trust rating because this website is new – only 1.5 years old. ScamAdviser determined the website’s location – the United States. The popularity of the site is unknown, still, it seems that this company is engaged in a legal activity.

100day-loans.com Reviews

On-site Reviews

Good comments left by former borrowers are the best evidence that the company is reliable and works well. I hoped to find a testimonial page on 100day-loans website but there are more reviews available on the site. You will not be able to leave your feedback, comments, suggestions, or complaints on the company’s native website. So I’m not sure whether this matching service is really helpful. That’s why I decided to search for independent third-party reviews for this company.

Reviews on Other Websites

Unfortunately, there are no 100day-loans.com reviews on the web. This may be due to the website’s newness. I also suspect that consumers prefer to leave comments about the direct lender to whom they are connected.

Customer Support

Contact Information

Regretfully, 100day-loans.com address is not specified on the website. They neither provided a phone number nor email address, which confused me. Perhaps, the company’owner does not feel the need to list any contact details because this service is only an intermediate between consumers and lenders. However, it would be nice to see at least 100day-loans.com phone number. In some cases, people may want to reach their customer support group in the shortest possible time.

100day-loans-com Locations

100day-loans.com is not available in all states. You can get payday loans using this online matching service only if you live in Alabama, Alaska, California, Colorado, Connecticut, Delaware, Florida, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Oklahoma, Oregon, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Washington, Wisconsin, and Wyoming
The service is not available in Arizona, Arkansas, Georgia, District of Columbia, Massachusetts, New York, Pennsylvania, West Virginia, Virginia, and Ohio,

The company mentions that the list of these states may be changed without notice.

Getting a Consultation

The only way to reach 100day-loans customer support is to fill out a contact form in the “Contact Us” page and wait some time to get an email response.

However, if you have any questions relating to loan payments, status, interest rates, and extensions, you need to contact your lender with whom you have been matched. You can see the available ways to reach your lender once your loan application has been submitted to the lender’s site.

I had a question to 100day-loans and decided to fill out a contact form. I sent an inquiry asking to specify how many direct online lenders they had in its database. I waited for hours but I did not receive an email response, which means that their customer care department is badly organized and there is no way to get an answer to your question.

Conclusion

100day-loans.com seems an average website for finding suitable payday loan lenders. Although ScamAdviser said this online service is trustworthy and they provide a detailed information of loan availability, I cannot recommend you using this service because they work with only one loan type, do not have knowledge about your loan terms and rates, offer no ways of reaching the customer care department, have no reviews from previous clients, and make false claims to using the advanced encryption technologies. There are just too many things that need to be fixed. I give this company the rating of 2.9 stars out of 5.