Short Term Loans $100 to $5,000

We offer short term loans up to $1,000 which you can use towards everyday expenses and purposes including paying bills, emergencies and consolidating debts. At Payday Bad Credit, customers can borrow $100 to $5,000 when applying online. We are willing to take a view on bad credit and poor credit histories.

There are always going to be unexpected bills and expenses that pop up and require an extra injection of cash. This is often the case when you need emergency loans. No matter how hard we try to save money and put savings aside each month, there are always things that crop up. Car repairs, broken boilers or just keeping up with paying credit card and utility bills.


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What is a Short Term Loan?

A short-term loan is a type of loan that is obtained to support a temporary personal or business capital need. Short-term loans provide quick cash when your cash flow is lacking, have shorter repayment periods than traditional loans and are an extremely attractive option for small businesses that are not yet eligible to apply for a line of credit from a bank. While the credit limit for short-term loans is lower than a line of credit, short-term loans are viable solutions to alleviate sudden temporary financial trouble.

What to Consider

One of the most important things to consider before applying for a short-term loan is the annual percentage rate (APR), which directly affects how much you’ll wind up paying back for the loan all told, as it is unlikely you’ll get a prime rate with a short-term loan. Other factors that are important to consider include the origination fees and other applicable charges, late payment penalties and refinancing options.

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