Short-term financing is a service that makes it possible to get money for a limited period of time. In a number of cases, a payday loan can be issued for up to two years. In modern practice, most short-term loans are issued for a period of up to one to three months. Short-term lending is one of the most popular services. Today such loans can be classified as follows: installment loans for legal entities; short-term loans for individuals; overdraft on the card (credit limit); microcredits.
Besides the mentioned banking services, one can obtain the necessary amount of money via the alternative lenders called payday loan direct lenders. Find out more about each type of credit and which pros and cons you will face if give preference to one of them.