Fast Short-Term Loans | Bad Credit Score OK

$500 - $1500. Get Instant Approval. Good credit not needed
Ashley Donohoe
Ashley Donohoe

Ashley is a bookkeeper with more than ten years of experience in financial topics such as banking, credit management, and budgeting planning, who also has some background as a professional reviewer and editor. Ashley's personal finance knowledge has been featured on a variety of high-profile finance sites including Zacks Investment Research, WiseGeek, and Sapling.

If you’re like the many Americans who lack emergency savings, you could find yourself in urgent need of cash. Along with needing funds for everyday expenses, you could experience emergency home repairs or medical bills. However, you might not want a long-term installment loan that takes 20 years to pay off.

That’s where short-term loans can help you out. They’re not only easy to get but offer several other advantages if you’re in a financial pinch. If this sounds appealing to you, learn more about how short-term loans work and how you can get the best one.

What Are Short-Term Loans?

Short-term loans are loans that individuals and businesses can get and repay in less than a year. You can use them to pay for medical bills, car repairs, debt consolidation, or any other need. Because the loan amount is usually small, it is payable within a small amount of time. A quicker payoff time means you can reduce the total interest paid versus a longer loan.

Most short-term loans have a brief list of requirements for you to obtain them. You won’t need to worry about having collateral or a cosigner to qualify. Instead, the lender looks at factors such as your income. You also don’t have to undergo a hard credit check that goes on your credit report and can affect your credit score. Therefore, you could get this type of loan even if you have bad credit, as long as you meet the other requirements.

What Types of Short-Term Loans Are There?

A few popular short-term loan options include personal loans and payday loans. You can get both types conveniently and quickly with a simple application process.

Personal Loans

A personal loan is an installment loan you take out without a specified purpose, so you can use it for whatever personal need you have. This is different from other loans that you must use for specific purposes. For example, you can only use an auto loan to buy a car, a student loan to pay for educational costs, or a mortgage to buy real estate.

While you can choose from both short and long terms, short-term personal loans are best for immediate cash needs where you need flexibility. For example, maybe you need to buy gas, food, or clothes. You can spend the money at once or even split it for multiple uses.

Once you have the money, you pay the personal loan back in installments on a set basis such as every month. You’ll find these loans conveniently offered online to save you time and work.

Payday Loans

Payday loans are short-term loans that you pay back as soon as your next payday. A payday loan is only a small-dollar loan that often ranges from anywhere between $50 to $1,500. However, the maximum amount depends on state laws. In any case, lenders ask you to repay your payday loan amount all at once (plus interest) on a single due date.

Payday loans suit customers who need ultra-fast cash. For example, you might need emergency funds for urgent matters such as car repairs, medical emergencies, and the like. Therefore, a payday loan acts as a financial lifeboat that you can hold on to in times of need.

This type of loan is convenient since you can get one quickly. You can simply apply for payday loans online and not even need to visit a storefront.

Why Should You Get a Short-Term Loan With Capital Pacific Loans?

Here at Capital Pacific Loans, we’ll find you the top loans and connect you with trustworthy lenders from our extensive network. Whether you need a short-term online in one day or a no credit check loan, our user-friendly application process lets you receive fast cash safely. You also won’t have to worry about a prepayment penalty or a hard credit inquiry. Here’s what you can expect when working with us.

Fast and Easy Application

Capital Pacific Loans helps you get cash in your hands in the shortest time possible. We take a special interest in making the process quick and efficient. You can simply visit our website on your phone, laptop, or desktop and get started. You’ll provide some brief personal and financial information and send in our online form - this only takes a few minutes.

No Collateral Needed

That's right! You do not need collateral or a cosigner to get your short-term loan from Capital Pacific Loans. All you need is yourself and a few personal and financial details. This lets you protect your privacy and keep yourself out of prying eyes!

Bad Credit Is OK

There is no such thing as automatic disqualification here at Capital Pacific Loans. If you are a real person with a real income, your credit score does not define you. Our online lenders have your back and consider other details when making loan decisions. So, don't hesitate to seek our services regardless of what's written in your credit report.

Quick Approval and Instant Pay-Out

While banks and federal credit unions may take weeks to finish approving your loan, we can get you approved as fast as the same day. This is because we have a high-speed AI integration feature within our systems to process your request at lightning speed. So, you can sit back, relax, and get your loan amount in your bank account within just a few hours.

Unrestricted Usage

"It's your money, and you deserve to use it as you like." That’s our motto for short-term loans here at Capital Pacific Loans. How you use your personal short-term loan is all under your discretion. So, we don’t tell you how to use the money or even ask you what you’ll use it for. You can keep your affairs private.

Rewards for Continued Service

The more short-term loans you get and repay here at Capital Pacific Loans, the more perks you receive. Once our systems establish that you are a fantastic customer who pays on time and in full, the less we need to check your documents.

So, the more you borrow from us, the easier and faster the loan approval process becomes. We already trust you, so we don't need to take long to get money on your hands ASAP.

How To Qualify for a Short-Term Loan

We accept a wide range of customers for our short-term loans. Unlike other financial institutions, we don’t judge a lousy credit history, low credit score, or unemployment. We don't even require collateral, a cosigner, an origination fee, or a down payment for our services. If you need the money and can assure your lender that you have the intention and ability to repay your loan, we've got your back.

How To Get a Short-Term Loan With Bad Credit

Having bad credit usually disqualifies a customer from many financial products. However, that's not the case here at Capital Pacific Loans.

But since bad credit can hurt your chances of getting the best rates with our lenders, having a great source of income can help you out. It will show your potential lender that you have something to offer back and alleviate some doubts regarding your bad credit history.

You can also balance your bad credit out here at Capital Pacific Loans if you maintain a good standing with us. Once you become a frequent customer who pays on time, it will become easier to borrow in the future. That’s because lousy credit would matter less for us when we already know you well. So, go ahead and get short-term loans online with no credit check or worries about bad credit.

How Can I Get the Best Short-Term Loans Online?

You can get yourself fast and secure short-term loans online with Capital Pacific Loans. Just follow these steps:

  • Apply Online. First, click the “Get Started” button located at the top of our site. You’ll then answer some quick questions about your address, employment, desired loan amount and due date, and other information. You’ll then submit your completed loan request so we can start processing and evaluating the details of your application.
  • Go through some simple checks. After you let us know what you need, we will conduct simple anti-fraud and identity theft checks for protection. All you’ll need to do is send copies of a few supporting documents.
  • Review and approve your offer. Once we verify your application, we immediately connect you to the best lenders with top offers matching your criteria. You can view the specific terms and conditions before you decide to move forward or not. If you agree with the terms, you’ll sign the contract to receive the loan. If not, there are no worries since you can walk away and inquire again later.

Following these three easy steps above will get you a short-term loan quickly and easily. Have your documents ready so you can complete the form right away. In addition, always make sure you provide the correct information to ensure that your lender doesn't need to call you to clarify anything.

What Are Alternatives to Short-Term Loans?

A short-term loan is not a one-size-fits-all solution. For example, you may need more than what it can offer or need a longer repayment term. If that is the case, you can explore longer-term personal installment loans or specialized loans.

Depending on the circumstances, longer-term personal loans can be for $5,000 or more. However, note a higher loan amount comes with an extended repayment period. For example, you might hold the loan for six years. You’ll then repay it in weekly, biweekly, or monthly payments, depending on what you agree with your lender. These loans are best for projects and expenses that need significant financing.

If you need an even higher amount of money, you can also consider specialized installment loans like mortgages and car loans. You’ll use these funds for a specific purpose agreed by the lender. Once you get the loan, you’ll make monthly payments for an extended period. For example, your car loan might take seven years to pay off, while your mortgage could take 15 or 30 years.

When going with these loans with longer terms, you’ll go through a more thorough application process that requires more documents and time.

Where Can I Find Payday Loans Near Me?

If you’re looking for a local payday lender, you have plenty of options nearby. We will help you find the top local payday lender that can help you and provide the best offers.

Why Choose Capital Pacific Loans for Your Short-Term Loan Needs?

Finding the best short-term loan and sorting through dozens of online lenders can seem challenging. You might not know which lenders are legitimate or which charge you hidden fees or unreasonable interest rates. The good news is we’re here to help save you time and stress.

Loan approval is easy to get with Capital Pacific Loans as long as you are compliant and honest. Just follow our steps throughout the application process, answer all questions truthfully, and submit your documentation promptly. That way, everything will move seamlessly so you can have the best loan offer the next business day.