What is a Short Term Loan for Bad Credit Online?

short term loans

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

Short 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 Small Time Loan

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

Short term loans (also called smaller-sized loans) with terms of around one or two weeks are usually repaid with a flat fee. Depending on the lender, short term loans online can have different terms, rates, and fees. 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 a quick solution to your emergency situations. Need help? Get it!

3 Steps to Request Funds Online


Fill out the Form

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See If You're Approved

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Check Your Account

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  • money into bank account

Why Turn to Short Term Loans and Advances?

There are many advantages of short term cash loans. We will name 5 main benefits that make millions of customers use them 5-6 times a year. 1. Unsecured lending option. A short term loan online is unsecured. Your assets are well protected. This is a certain disadvantage for the lender, but not for the consumer. 2. Fast solution. Quick short term loans let you solve your money gaps in terms of one business day. 3. Low-credit borrowers can have a try. Short term loans can be obtained even with a poor credit. Make sure you know the interest rate of the loan, though.

4. No need to specify the reason. The lender does not need to know the reason why you need money for one or two weeks. Whatever the reason, proceed to the loan request form (click that big button on top of the page). 5. Up to $1,000 in a small short term loan. What makes this choice convenient is that you can borrow from $100 to $1,000 - the amount you can afford to repay on time. But short loans are not good when you make impulsive online purchases. We only recommend to use the loans wisely. Are you ready to be a sage borrower?

Compare Short-Term Loan Options

  • 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

How to Use Loans for a Month?

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 short term loan, use a loan calculator (if it’s not a flat-fee loan). 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 short term loan or emergency loans 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 online short term loans fees unbearable. Get a loan and repay it on time!

Turn to one lender at a time. It can be tempting to cover one loan with a few more short term loans online, 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 a Small Time Loan

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 loan is repaid on time.

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