 TITLE: What Is a Short-Term Personal Loan? CONTENT: How to Get a Short-Term Personal Loan\n-------------------------------------\nGetting a short-term personal loan is a fairly straightforward process that involves the following steps.\n*   **Check your credit score.** Checking your credit score will give you an idea of whether lenders will consider you a risky borrower. Of course, the higher your credit score, the better interest rate and terms you're likely to get. If you're unhappy with your score, focus on improving it.\n*   **Shop around.** Not all lenders that offer short-term personal loans are equal. Take the time to shop around and find a reputable lender with positive online reviews and clear terms and conditions that can offer you an interest rate and term you can afford. Check the lender's eligibility criteria to make sure you qualify.\n*   **Gather required documents**: After you've found a lender, you'll need to collect various personal and financial documents such as your driver's license, paystubs, W-2 tax forms and bank statements.\n*   **Complete the application.** The application process for short-term personal loans varies from lender to lender. However, it's often short, can be completed online, and requires you to submit the documents you gathered.\n*   **Wait for approval.** Fortunately, you won't have to wait long to find out whether you've been approved for this type of loan. Many lenders approve borrowers the same day they apply. Once you're approved and agree to the loan, you'll receive your funds. Your lender will likely deliver the money via direct deposit within a few business days.\nIf your roof starts leaking or your child requires an emergency surgery, taking out a short-term personal loan may be your only option. As long as you shop around for the best interest rates and terms, read the fine print of your contract, and make your payments on time, your experience could be a positive one. END