A 100-dollar payday loan is a short-term cash advance that you get quickly and need to repay in one month. People usually get a 100-dollar payday loan to cover an emergency expense. It is an online process and requires no hard credit checks. Thus it is called a $100 loan with no credit check. People with a poor credit history can apply and easily get accepted for payday loans. You can get a payday loan and spend the cash on what you need without disclosing this information to your lender.