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Payday loans are a relatively recent offering on the market. Ideal for anyone surprised by a sudden expense such as a home repair or prescription costs, 100 Day Loans is just one of many companies offering this service.
Why 100 Day Loans?
There are a number of reasons to consider applying through 100 Day Loans for a payday loan.
How Much Money Can I Get?
The specific loan amount depends on a number of factors. Most states have laws specifying the maximum amount allowed by payday loans, which could increase or decrease the amount an individual qualifies for.
In addition, the income level of borrowers also has a significant effect on the loan amount, as lenders want to be certain that borrowers will be able to repay their loan in full with their next paycheck. Logically, the higher the income, the higher the potential payday loan.
Another factor is the borrower’s history with the payday loan company. New borrowers will likely not qualify for more than $500, while those with a history of paying back payday loans on a consistent basis will likely have access to additional funds.
Conclusion
One of the biggest benefits of 100 Day Loans over other payday loan companies is the potential additional time to pay off the loan. Since there are no adverse effects on credit and approval is almost instantaneous, you have nothing to lose!