 TITLE: What Is a Short-Term Personal Loan? CONTENT: Benefits of Short-Term Loans\n----------------------------\nWhile they're not usually the best choice for borrowing money, short-term personal loans can be helpful in a pinch. Benefits include:\n*   **Fast cash**: A short-term personal loan can give you quick access to the money you need. If you have an unexpected expense that needs to be paid for right away, these loans could help.\n*   **No collateral required**: In most cases, you don't have to tie up your house, car or another asset as collateral to get a short-term personal loan. You can get the money you need without risking a prized possession.\n*   **Bad credit OK with some loan types**: If you have less-than-stellar credit, you may still get approved for certain short-term personal loans. As long as you have regular income, you shouldn't have an issue getting fast cash.\n*   **No long-term commitment**: You don't have to commit to a short-term personal loan for years—you can get the cash you need, pay it back quickly and move on.\n*   **Flexibility**: Some lenders that offer short-term personal loans are flexible and willing to work with you to design a payment plan suited to your specific needs and preferences. Note that this isn't usually the case for payday loans. END