Short Term Loans

When rent is due, your washing machine or the car breaks down, you might find it difficult to get together the funds you need to make it through in the short-term until your next payday or the next few months.
If you find yourself in a financial crisis LoanPigUSA can help you find the solution.
Short term loans, in the simplest terms, are small loans between $100 – $2500. They are loans that you pay back over a few months, weeks or even days. People normally pay them back as soon as they can afford to. Some providers of short term loans allow people to pay back their loans earlier than the repayment date they agreed upon. In many cases, they can act as emergency loans so you can tackle any financial emergency head-on.

Short Term Loans No Credit Check

Finding a lender or a broker who doesn’t conduct a credit check can be risky as they might be unsure and not secure. Some lenders may conduct soft credit checks rather than hard credit checks which won’t have as much as an impact. Although, this is rare as direct lenders need to ensure lending to you is the safest option. But, even if a credit check is conducted and you are accepted, if you repay your loan on time and in full, your credit score will begin to increase.

Short Term Loans Lending Criteria

Payday loans are small loans subject to state regulation.  Traditionally states have capped small loan rates at 24 to 48 percent annual interest and required installment repayment schedules.  Many states also have criminal usury laws to protect consumers.

Payday loans at triple-digit rates and due in full on the next payday are legal in states where legislatures either deregulated small loans or exempted payday loans from a traditional small loan or usury laws and/or enacted legislation to authorize loans based on holding the borrower’s check or electronic payment from a bank account.

Eighteen states and the District of Columbia Prohibit Extremely High-Cost Payday Lending

States protect their citizens from usurious payday lending by prohibiting the product or by setting rate caps or usury limits.

Georgia prohibits payday loans under racketeering laws.  New York and New Jersey prohibit payday lending through criminal usury statutes, limiting loans to 25 percent and 30 percent annual interest, respectively.  Arkansas’s state constitution caps loan rates at 17 percent annual interest.

After permitting high-cost payday loans, New Hampshire capped payday loan rates at 36 percent annual interest in 2009.  Montana voters passed a ballot initiative in 2010 to cap loan rates at 36 percent annual interest, effective in 2011.  South Dakota voters approved a ballot initiative in 2016 by a 75 percent vote to cap rates for payday, car title and installment loans at 36 percent annual interest.  Arizona voters rejected a payday loan ballot initiative in 2008, leading to the sunset of the authorizing law in 2010.  North Carolina tried payday lending for a few years, then let the authorizing law expire after loans were found to trap borrowers in debt.  The states of ConnecticutMarylandMassachusettsPennsylvaniaVermontand West Virginia never authorized payday loans.  The District of Columbia repealed its payday law.

Three States Permit Lower-Cost Payday Lending

Small loans secured by access to the borrower’s bank account are authorized in three states at lower than typical rates.  Maine caps interest at 30 percent but permits tiered fees that result in up to 261 percent annual rates for a two-week $250 loan.  Oregon permits a one-month minimum term payday loan at 36 percent interest plus a $10 per $100 borrowed initial loan fee.  As a result, a $250 one-month loan costs 154 percent annual interest for the initial loan, and 36 percent for any subsequent loans.

Colorado amended its payday loan law in 2010 to set a minimum six-month term for loans based on checks held by the lender.  A Colorado payday loan may include charges of 45 percent per annum interest, a monthly maintenance fee of 7.5 percent per month after the first month, and a tiered system of finance charges, with 20 percent for the first $300 borrower and an additional 7.5 percent for amounts from $301 to $500.  Loans can be prepaid at any time with a rebate of unearned fees, repaid in installments, or repaid in one lump sum.

Thirty-Two States Authorize High-Cost Payday Lending

Thirty-two states either enacted legislation authorizing payday loans, failed to close loopholes exploited by the industry to make high-cost loans, or deregulated small loan interest rate caps.

Listed below are the states where you can borrow a short term loan:

AlabamaAlaskaCaliforniaDelawareFloridaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMichiganMinnesotaMississippiMissouriNebraskaNevadaNew MexicoNorth DakotaOhioOklahomaRhode IslandSouth CarolinaTennesseeTexasUtahVirginiaWashingtonWisconsin, and Wyoming.

Payday lending is legal in Ohio despite a ballot vote in 2008 that capped rates.  The industry switched to lending under other laws which was upheld by the courts and not corrected by the Ohio legislature.

Some authorizing states somewhat limit debt-trap risks.  For example, Washington limits borrowers to eight payday loans per year.  Virginia requires loans to be payable in two pay cycles; however, lenders evade protections in Virginia by structuring loans as unregulated open-end lines of credit.

The above information was brought to you by, please visit their site for a better understanding of the lending industry in the USA and remember Payday loans are extremely expensive cash advances that must be repaid in full on the borrower’s next payday to keep the personal check required to secure the loan from bouncing. Cash-strapped consumers run the risk of becoming trapped in repeat borrowing due to triple-digit interest rates, unaffordable repayment terms, and coercive collection tactics made possible by check-holding.

Short Term Lending Near Me

As you can see above, not all states allow lending and loans. Therefore before you apply, you need to make sure that your state is not one of those. Despite multiple states having laws against loans, there are still many which allow them. For those where loans are legal, here at LoanPigUSA we can find the perfect direct lender near you in no time.

Short Term Loans Online

Finding a trustworthy short term loan online can feel like navigating through a sea of statistics so here at LoanPigUSA, we try to keep the jargon to a minimum. When it comes to short term loans, regardless of circumstances, we try to find the best solution for you by offering you tailor-made lending options.
Unlike some of our competitors, we welcome people with all sorts of credit histories to find quick short term loans. Our quick short term loan search process and straightforward decision-making approach ensure you aren’t left without cash for long. Some more bonus’ of using an online lender or referral service is the speed, the high acceptance rates and the simplicity of it!

Short Term Loans For Bad Credit

When you search for a short term loan online with LoanPigUSA, your credit history shouldn’t get in the way of finding fast short term loans online. We welcome credit histories of all kinds. This is because we know that there’s more to our customers than just their credit scores. The panel of lenders we use is one of the largest in the US. This means there are lots of options for short terms loans that you can find, even when your credit score is less than perfect.

Short Term Installment Loans

One of the best aspects of getting a short term loan is the idea of repaying the loan in smaller, monthly installments. This makes a loan more affordable and easier to manage. Not only this, but an installment loan could also help you gain better control over your finances each month.

Lending Practices

Responsible lending practices are one of our lender’s top priorities. So, there are some criteria that they ask you to meet. This is to ensure you’re eligible for short term loans online with LoanPigUSA. This can vary from state to state so please check with your lender what their specific requirements are.
They may perform credit checks and affordability assessments as part of the lending process before accepting your detail. These checks are an important part of preventing fraud. Along with making sure that the information you gave us is accurate and truthful. To find out more about the checks our lenders perform please refer to their terms & conditions

Why Should I Use LoanPigUSA?

LoanPigUSA can offer you a level of flexibility that very few other lending sites can. 
When you search for short term loans with us, we use your online form to find a lender.  If you need that little extra peace of mind when looking to secure a short term loan, we can find a tailored loan solution to suit you and your needs. Here at LoanPigUSA, we try to give you some of the best short term loan lending options. 
The journey to getting your short term loans all starts from our Homepage. Simply choose how much you would like to borrow. After this, enter your zip code and email address and then click the ‘Get Started’ button. This will take you to our simple online form. After filling it in with your personal information and bank details you can submit it. Then, we’ll start the search to find your perfect short term, loan lender. This doesn’t take long, so we’ll get back to you as soon as we can. 

Apply Now!