If you’re in need of quick cash and don’t have many options, you may be considering a short term loan. But what are these loans, and how do they work?
Short term loans are typically small, unsecured loans that must be repaid within a short period of time – often just a few months. Because they’re unsecured, they usually come with higher interest rates than other types of loans.
If you’re considering taking out a short term loan, it’s important to understand how they work and what the risks are.
This blog post will give you an overview of short term loans, so you can make an informed decision about whether or not they’re right for you.