Editor's choice: Check Into Cash Payday Loan
- Safe, secure application
- Use the money for any purpose
- Receive funds as soon as next business day
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These lenders offer loans as low as $100 to residents of some states, if not nationwide.
|Lender||Type of loan||Minimum loan amount||Turnaround|
|Ace Cash Express||Payday||$100 in some states||Same day in store, as soon as 1 business day online|
|Possible||Payday||None||1 business day|
|Check into Cash||Payday||$50||1–2 business days|
|Check City||Payday||$100 in some states||Same day in store, as soon as 1 business day online|
|Speedy Cash||Payday||$50||1 day||Read review|
|Allied Cash Advance||Payday||$50||Same day in stores, 1 business day online||Read review|
|Earnin||Pay advance app||None||Same day to 2 business days||Read review|
There are some crucial factors to consider before taking out a loan.
Most $100 loans are payday loans. This means you borrow the money plus a fee and pay it back within two to four weeks — the next time you get paid. Usually lenders charge a flat fee on loans this small, typically between $15 and $30, that you pay back plus the loan.
Traditionally, lenders would ask you to write a post-dated check for the amount plus the fee, say $115, when you applied for a loan. But now, it’s more common for lenders to automatically withdraw the money from your account.
You can generally get a loan if you meet the following criteria:
Most states have restrictions on how much a short-term loan provider can charge on interest and fees. And some ban payday loans altogether.
While there is no definite way to make sure a lender approves your application, it could help your application to keep the following in mind:
When you look for a $100 loan, bear in mind that it can come with risks.
Learn more about $100 loans with answers to commonly asked questions.
The first step is to compare your options. After you find a loan, click on the “Go to Site” button. Once on the lender’s website, you can begin the application process.
Some lenders inform you of their decision in minutes, while other can take up to two business days. Expect to hear from the lender about their decision whether or not they approve your loan application.
There are a few things you should know about short-term loans in order to make the right decision for you.
First, you should generally only take out a short-term loan in emergency situations because this type of loan is typically a one-time solution. If you have structural financial problems that cause you to have difficulty repaying debts, you should consider credit counseling.
Second, you’ll want to make sure you can repay your short-term loan in a timely manner. Missing the due date on your repayment will result in additional charges. Avoid digging yourself into a deeper financial hole by taking on debt you can’t afford.
Third, before accepting a short-term loan, be sure to read the lender’s terms and conditions carefully. It’s important to read the fine print so you know exactly what you are paying and when it is due.
This depends on the individual lender. When reviewing your loan contract, be sure to voice this question as some payday loan lenders charge extra fees for early repayment.
Funds are usually deposited into your bank account on the next business day. It ultimately depends on the lender and your bank.
Most lenders require applicants to have operational checking or savings accounts where they can transfer funds electronically.
While not all lenders report to the big three credit agencies that handle credit, some might choose to report late or missing payments. This is at the discretion of the lender.
The best solution is to contact your loan provider and inform them. Usually, the lender will be willing to extend the payment deadline and find ways to help you through difficult financial times.
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