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Frequently Asked Questions

What are Personal Loans or Installment Loans?

Personal and/or installment loans typically range between $100 and $35,000. They can be used for almost any personal expense, from paying off credit cards and medical bills to financing home repairs or even a much-needed vacation. Personal loans are commonly called installment loans because they are paid back in monthly or bi-monthly installments over an extended period of time. They can be a convenient alternative to bank loans or high-interest credit cards, with online applications and no-hassle automated repayment.

How Much Will The Loan Cost?

The cost of the loan and Annual Percentage Rate (APR) depend on several factors including but not limited to, credit history, employment history, and state law. Your APR also depends on how much you want to borrow and how quickly you want to repay the loan.

The terms of your loan are disclosed in the application process when you are directed to the lender's loan agreement. This information is strictly between you and your lender. Not all customers will be eligible for a loan or meet the criteria to receive the best terms or lowest interest rate.

Will Personal Loan Lenders Perform Credit Checks on Customers Looking For Cash Advances?

Companies that offer personal loans and cash advances typically do not perform credit checks with the three major credit reporting bureaus (Experian, Equifax, and Trans Union). That's why customers with less than perfect credit are often able to turn to personal loan companies when they need emergency cash in between paychecks. However, loan review procedures vary by company, and most personal loan companies DO review a customer's information in national databases that track consumer lending transactions, such as Teletrack, DP Bureau, or DataX, using an applicant's social security number.

How Soon Can a Personal Loan or Cash Advance be Made Available?

The time it takes to process a loan and transfer or ACH funds into a customers account varies with each loan company, and also depends on the financial institution where the customer has their bank account. However, approved applicants can often receive their loan as soon as the next business day after approval.

When Does The Personal Loan or Cash Advance Need to be Repaid? What Happens if a Customer Can't Repay The Loan on Time?

Repayment terms, including dates for repayment and any fees chargeable in the event of rollover, etc., vary for each company that offers loans, and it is essential that an applicant review all of these terms and conditions before entering into a loan agreement.

What Happens if I do Not Pay (Implications of Non-Payment)?

Late/Partial Payments: If you do not pay the full amount of principal and interest by the agreed-upon payment date, you will likely be charged a new finance charge and payment date may be extended until your next pay date. This new finance charge may be a flat fee, or may be calculated by applying the proportionate amount of the finance charge to the unpaid loan amount. Review the late payment policy detailed in the loan documents provided to you by your lender before signing your e-signature, and thereby agreeing to the loan terms.

No-Payment: 100 Lenders does not enforce payment. If you do not pay, your lender may take legal action against you. Additional fees may apply to you in the event that you are unable to repay your loan. Information regarding your payment history, delinquency or defaults on the account may be reported to a third party consumer reporting agency and may impact your credit rating.

Loan Renewals: 100 Lenders will not provide a renewal for you. Your lender has renewal policies which will vary. With every extension or renewal, a new finance charge ("Extension Fee") may be assessed by the lender, and the re-payment date may be extended until the borrower's next pay date. The finance charges can be significant depending on the lender.

Collection Practices: Collections practices of lenders and/or any assignee(s) will be in accordance with the principles of applicable federal regulations. Lenders may attempt to contact borrowers via one or more authorized methods, including phone calls and emails, to arrange for payment. Impact to Credit Score: Your lender may report late or missed payments to the credit bureaus. This can negatively affect your credit store. Consumers with credit difficulties should seek credit counseling.

What Services Are Provided by The Operator of This Website?

The operator of this website is NOT a lender, and we do not make credit or loan decisions. We provide a cash advance and personal loan online referral service on our website. If a customer is looking for a cash advance or personal loan online, we help connect them with a network of companies who offer personal loans and cash advances. Our website features a secure application requesting information that lenders within our cash advance and personal loan referral network will use to decide whether they want to offer a customer a cash advance or personal loan. The information that they need in order to make cash advance or personal loan decisions about each customer includes name, address, home and work phone numbers, and email address. They also need a customer's birth date and social security number to comply with the US Patriot Act. The operator of this website can be reached by mail at 100 Lenders, 6709 W. 119th Street #338, Overland Park, Kansas 66209, or by email. Customers can contact us if they want to discontinue using our loan referral service, or to change their communication preferences. Any questions about cash advance or personal loan amounts should be directed to the company from which a customer obtained his or her cash advance or personal loan.

What to Expect When Applying For a Personal Loan or Cash Advance Online:

The operator of this website provides a referral service for customers looking for online cash loans. We do not make decisions about whether to offer any given customer a personal or installment loan. Instead, we connect customers who have filled out our secure online application with our network of lenders that offer personal, installment, or payday loans. Not all lenders can provide up to $35,000 or the amount of money you request.

After a user of this website submits his or her information onto the secure online forms, the companies in our network that offer online loans will review the user's information and decide whether or not to offer the user a loan. The secure online review process usually takes only a few seconds, and if one of the companies in our network decides it wants to offer the user a loan, then that company will either contact the customer directly to offer him or her a loan, or the customer will be immediately redirected to the website of the loan company. If that happens, the customer should make sure to carefully review all of the terms about the loan before deciding whether or not to enter into a loan or credit agreement, especially since loan terms and conditions (including fees, APRs, and repayment) can vary significantly by company.

A user of this website is under NO obligation to enter into a loan agreement with any lender, and if a user of this website is contacted by a company and offered a loan, the user is free to accept or decline any such offered loan at that time.

What Are The Codes of Practice And Policies on Responsible Lending?

It is important to review the codes of practice and policies on responsible lending of a specific personal loan company, before entering into a personal loan or cash advance agreement. These codes and policies might be different for each company that offers personal loans or cash advances, but representative general requirements of personal loan companies may include:

  • Monthly income equal to or exceeding $1000
  • Current, valid home and work phone numbers
  • Current employment for at least 4 weeks
  • Current bank account in applicant's name

How Much Can I Receive?

Qualified loan amounts can vary and are based on personal eligibility. Approved loan amounts can range between $100 to $35,000.

THE OPERATOR OF THIS WEBSITE IS NOT A LENDER, does not broker loans to lenders and does not make cash advances or credit decisions. This Website does not constitute an offer or solicitation to lend. The operator of this Website is not an agent, representative or broker of any lender and does not endorse or charge you for any service or product, but may receive compensation from the lender for forwarding your information to them. Not all lenders can provide your requested type of loan and/or loan rate or terms, and we make no promises that you will be able to obtain a loan. Cash transfer times may vary by lenders and local laws. Lenders may perform a credit check to determine your creditworthiness. In some circumstances faxing may be required. For details, questions or concerns regarding your cash advance, please contact your lender directly. Lenders are solely responsible to you for all aspects of any application or loan transaction, including compliance with all applicable laws and regulations relating to your loan and any agreement or disclosures relating to your application or loan transaction (including any adverse action notices or Truth-in-Lending Act disclosures). Residents of Arkansas, Georgia, New York, Oregon, Washington, West Virginia & Vermont are not eligible to apply for a cash advance on this Website. This service is not available in all states, and the states serviced by this Website may change from time to time and without notice. Short-term loans are an expensive form of credit and not a long-term financial solution. Please use short-term loans responsibly.

Online Lenders Alliance: When you see the OLA seal, you can trust you're working with a company committed to the highest standards of conduct, dedicated to ensuring the best possible experience for their customers, fully compliant with federal law, and working hard to protect consumers from fraud.