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Short Term Loans

Short term loans are loans that are delivered to everyday Americans for a short period of time. A short term loan is usually for about 2 weeks or until you get your next paycheck. They are quick, easy and a great way to get fast cash when you need it most.

What are some advantages of short term loans?

Short term loans can help you when you are in a jam. Whether you have huge medical bills or just have a few hundred dollars of damage on your car, a short term loan or payday advance can help you through a tough time. There are also many other advantages of a $1500 loan.

First off, you can get cash quickly. The application process only takes a few minutes and if you are approved you can get the cash by direct deposit into your account within an hour. Back in the day you had to fax over your information but no you can do everything online and we here at Payday Loans Central offer no fax payday loans.

Payment terms for a short term loan can also be an advantage. If you know you have a large paycheck coming in a few days you can pay it all back in one lump sum. If you need to spread out your payments through a longer period of time, you can select to have a flexible payment plan. This will allow you to pay back the loan overtime in smaller amounts. Either one if available, you just have to work with the loan lending company to pick your payment plan.

The fact of the matter is, they are called instant cash advances for a reason. The cash comes quick so you can pay your bills,  pay your rent or use the money for whatever reason you need. You just need to pay back the loan lender when your short term loan is up!

How much money can you get?

Payday advances are available in segments of $100. You can apply for a loan anywhere from $100 to $1500. We recommend only taking out the amount of money you actually need. That way you can take advantages of the low interest rates the loan lending companies we work with offer. The lower the interest rate, the less money you have to pay back to the bank.

So what are you waiting for? If you have a need for some quick cash, fill out our loan application and we will connect you with loan lenders who can get you a short term loan.

 Could a long term loan be a solution?

When looking for a loan you are presented with many different options. You can work with a large bank to take out a larger, longer term loan if you would like. What you really need to do is think about why you are getting the loan. Are you looking for more then $1500 so you can put a down payment on a house or looking to invest in a business? If so, a payday loan may not be the right option for you. Working directly with a bank to acquire a lower interest rate and longer length payment terms is probably a much better option.

Short term loans are meant for short periods of time and should only be used when you need a small amount of cash. If you need more then $1500 and are looking to make a long term investment, we advise you to not apply for a payday loan and look for other options. If you just need money to pay your bills, fix your car or something else that only costs you a few hundred dollars, then a short term loan would make sense. You really need to look at your situation to figure out which type of loan makes sense.

Also, make sure to shop around. Just as different payday loan lending companies offer different interest rates so do larger banks. They’ll look at things like your past credit history, how often you missed payments on other loans and make a judgement if you are qualified for a loan. Keep in mind, the larger the loan you are looking for the harder it will to be approved. You’ll want to only take out what you need and not take extra money out for no reason. Many people end up putting themselves in bad positions due to taking out to large of a loan and not being able to pay the loan back on time.

How short is a short term loan?

The reason short term loans are called “short” is because they are usually for the length of about two weeks. Short term loans are often called payday loans or payday advances and usually are for a length of time until you get your next paycheck. One thing you will want to make sure of if that you are able to pay back your loan once the two week period is up. If you do not have enough money coming in to pay for the loan, then do not take the loan out. If you miss a payment your interest rate will sky rocket and it will put you in a very tough position. If you are looking for a payday loan chances are your finances are in trouble, and missing payments on a payday loan will only put you in a worse spot.

When looking for a loan, it is important to look at all your options. Whether you need a few hundred dollars now or a few thousand for a large investment, you should shop around. Different rates are available through different banks and in order to get the best price, you should look at all of your options. While sites like ours will help you look at all payday loan lending options, we only work with payday loan lenders and do not work with larger banks that offer loans of more then $1500. In this world, it’s all about the dollar bills, so make sure you don’t end up owing to many of them to others.