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Short Term Loans
Short term personal loans are similar to Payday loans. If someone needs money fast for either rent or fixing a car, short term loans are easy for approval. Bad credit, no credit, no problem is typically these company's slogans. Typically, short term loans are quick money with high interest rates and quick payback. Usually the borrower has within weeks to repay the loan to the lender. This is where most borrowers get in trouble.
If the borrower is unable to repay the loan, the lender will force a renewal fee and a downward cycle starts.
Good news is Green Loans will approve up to a $25,000 loan, with low interest, and 1, 3, or 5 year repayment options.
