Category Archive for: "100 Day Loans"
Lots of people think that the best place to get a payday loan is from a direct payday lender such as Great Plains Lending. And while Great Plains Lending is one of our favorite direct lenders, you don’t always get the best rate or loan terms by going direct. Here’s why…
Direct Payday Loan Lenders Don’t Always Have The Best Rates
When you go with a direct lender such as Great Plains Lending, you know EXACTLY what your loan rate is going to be. In fact, their rates should be prominently displayed on their website to ensure they are complying with all state and federal laws, such as the Truth in Lending Act.
As an example, here’s what Great Plains Lending has posted on their website right now:
This is a stark difference with non-direct payday lenders that don’t state the loan rate on their website because they don’t know what it will be yet until they share your loan application with their network of lenders. Once they find a lender for your loan, then you find out what the rate will be.
And while its nice to know up front what you are going to be charged, you don’t really know how this compares to other online payday loan lenders without knowing which ones are reputable and then going to each of their websites to see what the latest rate they are charging is.
Speaking from experience, this is often a time consuming and tedious process. More often than not, you’ll find one payday loan lender that has a substantially lower rate than all the others, but when you start reading the fine print on your loan, you soon realize that their loan repayment terms are not NEARLY as good as the lenders with higher rates.
Getting A Payday Loan From An Indirect Lender Can Be Better
A better way to find the best rate and loan terms is to go with an indirect payday loan lender, also known as a payday loan broker such as 100 Day Loans, 1 Hour Direct, 1 Hour Personal Loan, etc.
Payday loan brokers often have over 100 direct lenders within their network that they offer your loan application too. When they find a couple of lenders that would like to offer you a loan, they let you know and you get to choose whom you get the loan from based on their loan rates, repayment terms and online reputation. Quite often you’ll discover that by going through an indirect payday loan lender, you’ll get better rates and better loan terms.
When you’re getting a payday loan, you shouldn’t trust just any website with your personal data (driver’s license #, bank account info, social security number, employment info, etc.), because this is all the info an identity thief needs to pull out a new credit card in your name or rent an apartment in your name!
Now, I’m not saying that one of the more reputable payday loan lenders would sink to this level. Not at all. After all, they’re in the business of loaning money to people that need it quickly. They make enough money doing this that they don’t need to steal anyone’s identity.
No, I’m referring to one of those sites you see advertising on your favorite search engine that you’ve never heard of before but seems to have the lowest APR you can find for a payday loan lender. If it’s too good to be true, then it most definitely is.
So, when you do find yourself in need of a payday loan, be sure to go with one like 100 Day Loans that has at least the same level of security in place to ensure your data is never misused or stolen by a random website hacker in Russia.
Here’s what 100 Day Loans has in place to ensure your safety that most other payday loan lenders do not:
- They visually tell you that your info is safe with them:
- And they tell you how it’s safe with them (265-bit SSL Encryption):
- If they’re really good, they might even do it three times!
- And there is an easy way to check to make sure what they say on their website is true. If you are on a Mac, you can click on the green part of the URL address bar…
And it should pull up the actual SSL Certificate from VeriSign:
Not only will the SSL certificate show you who owns the website (Acquisition Media, LLC), but also where they are based: Scottsdale, AZ.
So remember, if you don’t feel like your personal information is going to be safe with the payday lender you are going to get a loan from, then just don’t do it! ALWAYS go with a payday loan company you can trust! If you’re ever in doubt, be sure to check our payday loan reviews to ensure your payday loan provider is everything you hope it is.
We just added our 100 Day Loans Review and I must say that I was pretty impressed with their service. They are not a payday loan provider themselves, but they do match you up with 1 of 122 lenders in their payday loan network. Because they aren’t the payday loan provider themselves, they can’t guarantee every lender will offer you a 100 day repayment period, but when I got my payday loan through them, I was given 100 days to repay the loan versus the usual 14 to 30 days. A very nice bonus as far as I’m concerned. After all, having to repay the loan in 14 days is sometimes a tough deal.
So, here are the pros and cons I found when getting a payday loan from 100 Day Loans:
100 Day Loans Pros:
- Get up to $1000 in cash within hours
- Even people with bad credit can get a loan
- You may get up to 100 days to repay your loan
- There is usually no faxing of documents required!
- Your information is ALWAYS safe thanks to them using Verisign SSL Encryption
100 Day Loans Cons:
- 24 hour customer support is only by phone and email, which means you can’t physically go visit them to get your payday loan
- Not all the payday loan lenders featured in their network offer the 100 day loan repayment option
Learn More @ http://www.100dayloans.com
You can read our entire 100 Day Loans Review at http://www.payday-loan.org/reviews/100-day-loans-review/