100 Day Loans
100dayloans.com
Web-based Company
100 Day Loans can provide you with short-term and medium-term loans in the state of Connecticut because technically by offering a loan over this time frame they bypass the strict laws set in place in the state of Connecticut. Typical payday loans aren’t an option for residents here and this company offers you a great alternative to help you bridge the gap between paydays or simply have extra money on hand for a family event or vacation.
This company is part of the Acquisition Media, LLC group based in Arizona but the actual 100 Day Loan headquarters is based in Sunnyvale, CA. This company isn’t a lender themselves but work within their own database of lenders that offer loans up to 100 days.
What They Offer
100 Day Loans is unique in that they only match you with lenders willing to offer loans with up to 100 days to pay back. This isn’t always the case of course and may consist of additional interest and fees so you can always get a typical loan that is very close to a traditional payday loan.
When you apply on the official website you’ll be matched with a lender depending on how much you make per month, when your paydays are and other factors. After the application is done, you’ll be contacted by a representative from a lender you’re matched with who will explain all of the available options along with how much you’ll be expected to pay back and when.
Where They Are Located
The headquarters for this company is in CA but luckily you can access the website no matter where you are in the US. Even if you live on a farm in the middle of nowhere you can access the site and apply for a loan if you have an intenet connection. You can use any computer and some newer mobile devices and phones.
Rates/Terms
Due to the laws in Connecticut, the rates and terms you could experience will fluctuate wildly depending on the lender you’ve been matched with an how long you want to pay the loan back. On the official website, the projected interest for a $500 loan is $75 for low interest, $105 for average interest and $130 for high interest. These rates are a little higher than they would be in a state that allowed payday loans freely but since that isn’t the case here, you may find them reasonable.
Additional Info
Due to the nature of any type of online loan available in states where regular payday loans aren’t allowed, make sure to ask as many questions as possible before agreeing to a lenders terms. They have to give you all of the information necessary to make an informed decision so don’t skim the material. Read everything thoroughly so you aren’t caught off guard by additional or hidden fees.
