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What are short term loans?

April 26, 2017Loans short term

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What are short term loans?

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Short term loans are relatively small loans given over a limited period of time to help you pay for emergency expenses between paydays. Short term loans are secured against your next paycheck, which makes them easier to qualify for than other loans. Short term loans are a quick and convenient way to come up with fast cash before your paycheck arrives. However, to prevent abuse of short term loans, please examine our budgeting basics page.