Sometimes a financial emergency arises and you need to get your hands on some cash as quickly as possible. At times like these a number of people turn to the Internet and apply for a payday loan.

A lot of people make this choice because they can usually get up to $1,000 - or more - within 24 hours - or less - no matter how good or how bad their credit is. And, since it usually takes no more than ten or fifteen minutes to fill out and submit an application they know that they will find out if they qualify for a loan literally within moments after applying

If approved, the money will be wired into their bank account. Most payday loan companies transfer the money within 24 hours, although some do it as quickly as one hour.

Although this all sounds good, there are a number of drawbacks.

The first is that the interest that payday loan companies charge is quite a bit higher than what most banks charge.

The second is that the vast majority of payday loan companies want to be repaid out of the borrower's next paycheck. So, when people borrow cash from a traditional cash advance company, they will have to repay it within 14 days.

This could present a bit of a problem to some people.

There is another way. At least one company offers 100 day loans. Folks who get a loan from them have up to 100 days to pay it back. That's more than fourteen weeks - not fourteen days.

In other words, the company will lend the same amount of cash, but they will give people more time to repay it.

The way it works is that this company works with more than 150 other companies that provide loans. They could be pay day loan companies, financial institutions, or banks.

After someone submits an application their system automatically searches through all of the loan providers in order to find the ones that will offer the biggest loan and the lowest interest rate. What's even more amazing is that this search takes only a minute and a half.

Eighty percent of all the people that apply for a loan are approved.

And, upon approval, the system will direct you to the lender's website and you can accept their offer. If you choose to accept it then the cash will be directly wired into your bank account.