You can use your funds for almost any personal expense you see fit. From financing home repairs, to paying off credit cards or even paying for a vacation trip. Loans are generally paid over an extended period of time, and you can make payments monthly or bi-monthly depending on your loan agreement. Personal loans are typically much more convenient than bank loans. They are also an alternative to credit cards that charge high interest rates, and offer online request forms as well as automated repayment.

When you apply for a loan, the company you applied with typically must perform credit checks before handing you the money. National databases such as Teletrack, DP Bureau and DataX provide personal loan companies with your credit information. The lender may also check your credit with the major credit reporting bureaus. However, there is not one period of time we can specify, for the procedures vary from company to company, and therefore so does the waiting period.

100 Lenders has its office location at 6709 W. 199th Street #338, Overland Park, Kansas 66209. It has served over 741,000 consumers in most all U.S. states except New Hampshire, Connecticut, Vermont, and Washington. The platform is active and helpful, and consumer reviews show that they are mostly satisfied with the service, although you will find both disgruntled and fake reviews which aim to destroy the company’s reputation.

The state law, your credit and employment history, along with other factors, greatly influence the cost of the loan and its Annual Percentage Rate (APR). Other factors that have an influence over the APR are the amount you have requested and the term. When you submit your loan request, you will be redirected to the lending partner’s website, where you will learn about the loan terms.