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There are many different aspects of short term loans to consider before deciding whether or not to borrow one.
Advantages- They are quick and easy to apply for
- You can apply for them online in just minutes
- You will receive your money the same day you apply - sometimes in as little as one hour
- You can apply for up to $1000
- Treat short term loans like a cash advance - borrow the money then pay it back when you get your next paycheck
- short term loans come with fees and high interest rates
- if you fail to pay back your loan by the due date you will be charged with more fees and more interest
- if you fall behind on a short term loan you may end up paying more money in fees and interest than the total amount you originally borrowed
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∙ 13y ago
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