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100 Day Loan Repayment For Payday Loans

by Jim ONeil on January 8, 2011

in Payday Loans News

Most payday loans require the borrower to repay the funds within 14 to 31 days and no longer than the next paycheck. In some cases, this can add to the individual’s financial stress because the loan cannot be repaid within this time. Often, repaying the loan and interest plus regular expenses like rent and utilities cannot be done at the same time.

In these cases, individuals are left with few options. Until now, that is, because there is now the option to get a payday loan with a 100-day repayment period. Even better than the extended amount of time to repay the loan is the fact that it does not include additional extension charges and it has a low rate of interest.

On the Web site, individuals can find this longer-repayment period loan. Payday loans are designed to make a person’s life easier but their short window for repayment often creates additional financial strain. Knowing that they will not need to repay the loan within as little as two weeks makes borrowers breathe much easier.

The borrower can use the longer repayment period to save the money needed to repay the loan. The online application is easy and quick to complete, requiring only the entry of financial and personal

information and requesting a specific amount of money. Once the loan is approved, the funds are deposited into the designated bank account within one hour. Encryption technology means little worry when providing personal information online.

Over 100 lenders participate on the 100dayloans site, enabling four out of five applicants to receive payday loan approvals. This network provides higher loan amounts and can fund $1,500 within one hour. Borrowers have up to 100 days to repay their loan, allowing them time to save money while paying other living expenses like rent and food.

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