100DayLoans.com Review
Here’s a 100DayLoans.com review written from the perspective of an average web surfer. I’m not a customer of theirs. That being said, this is an honest review. I don’t write fluff pieces or puff pieces disguised as reviews, and I think if you read this entire post, you’ll see that I’ve done a significant amount of research.
First Impressions
The first thing I did when I started researching for this 100DayLoans.com review was to visit the website. Here are my first impressions:
They make it very clear that a loan application made through their site only takes 7 minutes to complete. That’s pretty fast and convenient. I hate filling out forms, and I assume you do too.- I’m not overwhelmed with a bunch of flashing advertisements and animated banners as soon as I hit the site. That’s a good sign. It doesn’t mean everything, but it does mean something in terms of credibility. When I visit a site with a half dozen flashing banners makes me doubt the credibility of a site, and it demonstrates that whoever is operating the site doesn’t have a lot of good sense.
- The site doesn’t include an “About Us” page. That’s a bad sign. They do include an FAQ and a contact us page, but that’s not the same as an about us page that tells me things like where the company is located, how long it’s been in business, etc.
- The offer a toll free number. That’s always a good sign. I haven’t called the number, so I don’t know what the wait times are like. But I always prefer doing business with a company that actually offers a phone number.
Just based on my first impressions of the site, I’d be a little leery of doing business with them, but I wouldn’t put them in the definitively NO category, either.
The FAQ page has answers to some of the following questions:
- How long do I have to pay off a payday advance? Good question, and the answer was clear enough–you usually have between 8 days and 25 days to pay off a short term payday advance loan.
- How much money can I receive? Again, the answer was clear enough. You can receive up to $1000, but it might be less than that, depending on your circumstances.
- Why do I need to submit my banking and Social Security information? They use this information to verify your identity and send your funds.
There were several questions that were unasked and unanswered on the page. I would have liked to have seen them answer some of the following questions:
- Where is this company located?
- Is it publicly or privately held?
- What kind of interest rates do I pay on a loan through this company?
When I checked the WhoIS informaton for the site, it showed that the domain was registered privately. I was disappointed to see that. I think that reputable companies have no reason to keep their contact information private. How many legitimate businesses have an unlisted phone number? Private registration on a domain name is the Internet equivalent of an unlisted phone number, which is fine for an informational site. But for a site that conducts financial transactions, it’s not a good sign.
100DayLoans.com Complaints
A Google search for the phrase “100DayLoans.com complaints” in quotation marks only returns 42 results. That could mean one of two things. It COULD mean that the company doesn’t have many complaints about it posted online because they have a lot of really happy, satisfied customers. It could also mean that the site and business are really new and that there hasn’t been a lot of time to generate a lot of complaints yet.
Only about 12 of the 42 results for that search had any significant content on them. The rest of them were listed by Google as being very similar to the other results. So reading through all of those 12 pages isn’t too much of a chore, so I did just that.
The first result told a pretty harrowing story. The person who posted the complaint said that they filled out the loan application with the understanding that they could turn the loan down if they didn’t like the terms. According to the person who wrote the post, within an hour of filling out the form, they had received over 250 emails from companies offering secured credit cards and payday loans. They also said that they received a charge on their checking account for $48.88 from a company called Illustrious Perks.
Since this was an anonymous complaint posted on a message board site that exists for just that sort of purpose, you can only take the complaint so seriously. But at the same time, the complaint was detailed enough and clearly written enough that it had the ring of truth to it. You can read this 100DayLoans.com complaint yourself here on ComplaintsBoard.com.
My recommendation? If you’re going to try the 100DayLoans.com service, use an email address that you’ve created exclusively for this purpose. You don’t want to receive a ton of emails soliciting you just because you filled out a loan application.
My other recommendation? Read EVERYTHING carefully before submitting your loan application, and print out copies of everything you’ve read, and date them. Do this as you submit. If there’s a dispute over some kind of charge to your checking account, you can use this documentation to dispute the charge.
You can read more complaints about 100DayLoans.com at this link: 100DayLoans.com complaints at ComplaintsBoard.com
Based on that complaint, it seems that 100DayLoans.com is in the lead generation business, not the payday loan business.
Is 100DayLoans.com a Ripoff?
I’m not convinced that 100DayLoans.com is a ripoff, but I’d be cautious about doing business with their company. If you’re looking for a cash advance or a payday loan of some kind, it might be better to visit a local payday loan company in person rather than dealing with a potentially sketchy corporation on the Internet that you’ve never heard of.
Is 100DayLoans.com a ripoff? I don’t know enough about their company to say for sure, but the two people who wrote about their experiences with 100DayLoans.com at ComplaintsBoard.com probably think it is.
Is 100DayLoans.com Legit?
As I pointed out in the beginning of this review, I’m not a customer of 100DayLoans.com. So it’s hard for me to provide a definitive answer to the question, “Is 100DayLoans.com legit?” I’d be cautious about doing business with them. Payday loans and cash advance loans are usually a bad bet to begin with, but this particular company seems to have enough red flags to make someone question their legitimacy.
If you’ve had an experience with 100DayLoans.com, please feel free to post about it in the comments.