Short Term Loans for Bad Credit Online

short term loans

A short term loan means that money needs to be repaid quickly. Such a money advance is issued only for a small time frame (usually until the next pay date). This is an easy definition of what a short term personal loan is.

Short term loans for bad credit are among the most frequent lending products used by consumers looking for help. There are many people with a damaged credit score. Around 30% of scorable consumers have a credit score below 601.

How to Get Bad Credit Short Term Loans

With a $1,000 loan for bad credit, you can pay off some house bills, cover emergency expenses or even pay rent. When you have minor cash flow problems, try short term personal loans for bad credit!

Small short term loans are usually repaid with a flat fee. Depending on the lender, short term loans online can have different terms and rates. Since we are not a direct lender, we neither set nor provide any of such information.

Personal Money Service is a marketplace for lending products. We offer emergency loans as a quick solution to your urgent situations. Need help? Get it!

3 Steps to Request Funds Online


Fill out the Form

  • short and easy form
  • safe & secure

See If You're Approved

  • real-time request review
  • large network of lenders

Check Your Account

  • convenient borrowing option
  • money into bank account

How Short Term Loans Work

Unlike traditional bank options, short-term financing is a good example of a speedy web solution. Online short term loans usually vary from $100 to $1,000. It’s a quick choice for people who have no time to wait.

The principle of this service is very easy. You go to Personal Money Service, complete a request form, always remembering that it is a temporary loan.

Let’s say, you need to borrow $300. You provide certain details in the online form: your age, SSN, employment and banking information. Once completed, you hit “Submit”.

If we connect you with the lender, it usually takes around 24 business hours to have the money transferred to your bank account. Note that our third-party lenders perform a soft credit check.

So, you complete the form and wait for the decision. If it is a positive one, you start using your money within one business day after the approval.

It’s always the best idea to know how short term personal loans work before using them. Once you know everything, it’s time to borrow!

Compare Best Short Term Loans

  • Get money in your account the next business day
  • Maximum 199% APR
  • 100,000+ customers rate it 5 out of 5 stars
  • Quick approval & easy online loan application
  • Get from $500 to $10,000+
  • Less-than-perfect credit is accepted
  • APR rates from 5.99% to 35.99%
  • Loan durations between 3 to 72 months
  • Get from $500 to $5,000
  • Credit Score: 580+
  • Minimum income should be at least $2,000 per month
  • Repayment terms can range from 6 to 60 months
  • Get from $100 to $1,000+
  • Estimate the fees with an easy calculator on the website
  • Repayment term extensions are allowed
  • Member of the Online Lenders Alliance (OLA)
  • Capital in as little as 24 hours

Take It Seriously

Responsible borrowing is something that many consumers do not pay their attention to. Short term loan lenders are not the ones to be blamed afterward. Do not borrow more than you actually need. When you realize you need to borrow money online, make sure your reason is solid and well-grounded. If not, stop right here.

If you need a loan for a short term, use an online calculator (if it’s not a flat-fee option). Make sure you know your debt-to-income ratio. This helps to avoid unexpected surprises in the future and can be really handy for students using short-term loans. Having temporary or low-paid jobs, they tend to make many mistakes. Students usually have a credit score below 600 that is why they need to be extra careful with their finances.

Make your payments on time. Skipping payments one day after another makes you look like an irresponsible borrower. This can significantly damage your credit score and ruin relationship with the lender. Don’t forget about repayment terms. Missing payments will make small-time loan fees unbearable. Get the cash and repay it on time!

Turn to one lender at a time. It can be tempting to pay off one debt with a few more short term bad credit loans, but this is not what we recommend. Try to resolve things with your current lender before jumping to the "short term loans near me" Google search results.

The Overview of Loans for a Month

Money for a short term can be and should be borrowed in extreme cases. It helps to avoid many problems. A consumer gets quick access to cash and a chance to prevent debt, especially if the money is repaid on time.

Another important detail to remember is that our service only tries to connect consumers with third-party direct lenders. The rest of the responsibilities is totally on them.