100 Day Loans Review – 10 Pros and Cons

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Today we’d like to do something different — something we haven’t done before. We’d like to start reviewing various merchants and service-providers; but do so in a distinct fashion — by providing you with easy-to-digest 10-point reviews.

We’ll start with a payday loan service called 100 Day Loans. They’ve been on the market for a while (since 2005), and we’ve seen many of our readers go with their service via our Top 10 Best Personal Loan Lenders Online ranking. So, we decided to give them a closer look; and here’s our 10-point review of 100DayLoans:

1. Fast decision (pro) — within just a few minutes you actually know if you were approved or not (yes, in real time)
2. No credit check (pro) — which is always good for people with bad credit
3. Secure and safe application (pro) — they are a “VeriSign Trusted” website, which means that your private information gets encrypted using SSL before transmission
4. High approval rate (pro) — per what they themselves claim “4 out of every 5 applicants” are “approved on the spot”
5. Vast network of lenders (pro) — they work with 150+ lenders, which increases your chances of getting the best possible deal on your payday loan
6. Used by multiple borrowers (pro) — when we checked, they were sending money to customers “every 17 seconds”
7. USA-wide availability (pro) — 100 Day Loans currently work in 48 states
8. Fast access to cash (pro) — they appreciate the fact that you need money soon, and “in most cases, you can access your loan by the next business day”
9. High APR (con) — at this time it exceeds 650%, but such will be the case with any fast-cash service
10. Low amount — you may borrow only up to $1,000, but we were hesitant to mark it a “con”, because due to the high APR you really do not want to go higher

The company’s official website is easy-to-remember (which may also be listed as a “pro”, but since we expect the URL to match the company name, we’ve omitted this one from the above list) — 100DayLoans.com.

Should you have any 100 Day Loans experience to share with the readers of TenPicks.com, we would love to hear from you. For these purposes, please use the “Comments” area below.

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