One thing is for sure, you cannot keep the cash you got as a payday loan from 100 day loans for as long as 100 days. If you keep be prepared to pay a heavy fee.
Just like in any other payday loan company, it totally depends on your lender, your financial condition and the state laws that usually decide how long you can keep the loan.
If you are taking a payday loan from 100 day loans thinking that you can keep the cash for 100 days then you are wrong. No lender in this business can afford to give you cash for 100 days.
Under normal circumstances, if you get approved for a loan, you need to pay it back on your next payday. The only difference 100dayloans has with other lenders online is that they are very aggressive with taking a decision of lending. It means your chances of getting approved with them are much higher than with any other lender. But there is a catch, since they are taking more risk, there lending rates may be higher.
That’s one of the reasons why 100dayloans.com has become very popular in recent times. After all in times of need, you need a loan, and you don’t bother much about the interest rates. Do you? 10 dollars here and there doesn’t make much difference if you get the cash when you need it urgently. That’s what payday loans are for.
If you really want to keep your loan for a longer duration, you can inform your lender about it. Usually your lender will mail you 1 or 2 days before the due date of loan. You can then call them and explain your situation and tell them you may not be able to payback the loan. Your lender will have a better option than you may think. They might give you a few more days to keep the loan, of course with a fine. They may even ask you to go on a rollover. Whatever it is, your lender is in the best situation to explain you what you need to do to keep the loan for a longer period. After all you owe him money.
Never try to escape the situation without paying. You will only harm yourself. Your credit may suffer. No one will ever give you a loan and it may take ages to improve the situation.
Remember most lenders are interested in getting their money back. It means the principal is more important to them. If you can at least payback the initial loan amount that was given to you, they may perhaps give you a few more days to payback the fees without any fine. But all this depends on your lender and the way you explain your situation.
You have many more options if you are unable to payback your loan. Decide for yourself which is the best option for you.
Thank you for visiting our website. Hope we helped you get a loan.