short-term personal loans
short-term personal loans

Short-Term Cash Advance for Bad Credit

  • Competitive terms
  • No credit history needed
  • Get up to $5,000
  • Easy online application process
  • Payday & installment loans
Written by Michael Lefler | Reviewed by Latoria Williams

Advertiser Disclaimer


1F Cash Advance is a financial platform that doesn’t offer loans. We connect you to potential lenders but don’t promise you'll get approved for a loan. The terms, rates, and fees may be discussed with the lender you were approved with. We recommend getting advice from a financial expert about dealing with money struggles without risky loans. For more information, read our full Legal Disclaimer.

Advertiser Disclaimer


1F Cash Advance is a financial platform that doesn’t offer loans. We connect you to potential lenders but don’t promise you'll get approved for a loan. The terms, rates, and fees may be discussed with the lender you were approved with. We recommend getting advice from a financial expert about dealing with money struggles without risky loans. For more information, read our full Legal Disclaimer.

Short-term loans online for bad credit scores from 1F Cash Advance might help when financial emergencies or surprise expenses pop up but your credit history isn’t great. Applying only takes a few minutes, and you'll receive an almost instant approval decision. If you get the green light, you can receive quick cash at a nearby store or have it deposited into your account by the next business day.

What are Short-Term Loans?

Short-term loans usually mean personal loans you must repay quickly. They can be used for minor unplanned expenses like car gas or medical bills. Sometimes, changing the payback period is possible if you refinance, extend, or pay the loan early.

Typical short loan terms go from 12 to 36 months, although some loan types may have even shorter periods. With a shorter payback time, your monthly payments are higher, but you pay less interest overall.

Lenders that Offer Short-Term Cash Loans for Poor Credit

Each loan provider that offers short-term cash for poor credit scores has its requirements and loan costs. Refer to the table below for approximate figures:

Lender Loan Term Loan Amount APR range Credit Score Requirement
LightStream 24 - 144 months $5,000 - $100,000 7.49% - 25.49% Not specified
Upgrade 24 - 84 months $1,000 - $50,000 8.49% - 35.99% 580
SoFi 24 - 84 months $5,000 - $100,000 8.99% - 29.99% 680
Upstart 36 and 60 months $1,000 - $50,000 7.80% - 35.99% 300
Oportun 3 - 24 months $300 - $10,000 29.00% - 35.95% None

You are advised to verify this information on the lender’s website. You can also submit a loan application on our platform and get precise terms designed for your situation.

Types of Short-Term Loans

Each type of short-term loan has its features tailored to specific financial problems. Check them and choose what better fits your needs:

Payday Loans

Payday loans are designed for people with any credit who need fast cash before their next paycheck. Usually, the loan amounts range between $100 and $1,000. They charge high-interest rates (may exceed 400%) and have short repayment terms (up to 31 days). To get a payday loan, you should provide proof of income and access to your bank account. If approved, the lender will deposit the money within one business day. The due date is usually your next paycheck, and you should repay the funds in full.

Installment Loans

Installment loans give you more repayment flexibility. You get the total amount at once and then make regular payments that cover the original loan amount plus interest for borrowing the money. The maximum repayment term is usually 24 months, but some lenders offer longer periods. The annual percentage rate ranges between 7.99% and 35.99%, but they may be higher for bad credit borrowers. The maximum loan amount you can get is $100,000.

How to Compare Short-Term Loans?

When looking at short-term loans, you have to make sure you pick the right one for your needs. Here's a quick guide on how to size up these loans:

  1. Know the financial purpose. Deciding what you need the money for, how much you need, and when you can pay it back will help you narrow things down.
  2. Look into solid lenders. Research financial companies such as banks, credit unions, reputable online companies, or peer-to-peer platforms and see what they offer.
  3. Shop around for lower rates. Interest rates can vary widely. Prequalify from several lenders without affecting your credit so you will have more offers to compare.
  4. Review the fees and charges. Check the penalties and other additional fees that can add up.
  5. Evaluate the terms and conditions. The repayment timeline and policies matter, too. Some let you pay back early with no fees, while others don’t.

How to Qualify for Short-Term Loans Online?

Before you get approved for online short-term loans, you need to see if you qualify. Check the following requirements:

  1. Most lenders require you to be at least 18 or 21, prove you have a steady income, and have a legitimate bank account.
  2. Lenders might check your credit score. Even if they say they provide no credit check loans, they usually run a soft credit check.
  3. Show your ID and prove your citizenship.
  4. Demonstrate your steady income with pay stubs and bank statements.

Application Process

If you want to get a short-term loan online, here's what you should do:

  • Provide your accurate personal and financial details and attach the required documents.

  • If you're approved, double-check the interest rate, monthly payments, fees, and payment due dates.

  • Sign the loan agreement and receive your money.

Get short-term personal loans online with 1F Cash Advance

Avoiding Predatory Short-Term Loans

Steering clear of risky short-term loans is crucial if you want to keep your finances in good shape and not get stuck in debt. These kinds of loans might sound like a quick and easy solution, but come with high interest and hidden fees that spiral out of control fast. Here are some tips to avoid pesky predatory loans:

  • Check if you have other options before taking out a short-term loan—you may ask friends or family for money.
  • See if you can work out payment plans with people you owe or look into assistance programs in your community.
  • Calculate exactly how much it will cost to borrow, adding up all the interest and fees. Then, compare different lenders to find the most affordable deal.
  • Watch out for lenders using high-pressure sales tactics or making big promises to get you to sign. Good lenders will be straight with you about rates and terms.
  • Brush up on money management basics and responsible borrowing. Knowing the risks of these loans will help you make smarter choices and not get duped by predators.

Short-Term Loan Alternatives

When you need money quickly, there are usually a few options besides short-term cash advance places. We will break down some alternatives that might work better, depending on what you need and your situation.

Line of Credit

Personal lines of credit let you borrow only what you need, so you pay interest on that amount. The rates usually range between 8.51% and 10.26%, which is lower than those offered by cash advance spots.

Сredit Card

Credit cards give you a set limit that you can borrow against but it is lower compared with a line of credit. You can easily use the card to buy stuff in shops or online and save money on interest during the 0% APR grace period. But the catch is that the rates can be high if you don’t pay off your balance at the end of your billing cycle, especially if you take a cash advance.

Family Loan

Finally, ask friends or family to borrow money. There is usually no interest or strict terms, so it is more flexible. But it can impact relationships if paying back gets hard. Proceed with caution.

How We Find You Best Short-Term Loans

We collaborate with many lenders who can provide you with short-term loans. Here is why you should choose us:

  • We ensure an easy online application process.
  • You will receive an instant decision.
  • Our lenders offer a same-day funding option.
  • A good credit score isn’t required.


Is a Cash Advance a Short-Term Loan?

There are different types of cash advances and all of them belong to the short-term loan category. Credit card cash advances usually have a 24-month repayment period; whereas payday loans are repaid within 31 days.

How to Get a Short-Term Loan with Bad Credit?

To get a short-term loan for bad credit, start by shopping around for lenders who deal with risky customers. You may offer collateral to decrease the interest rates. You can use the 1F Cash Advance platform and pre-qualify for many lenders. It will increase your approval chances.

Is a Short-Term Loan Right for Me?

When considering getting a short-term loan, there are a few significant things to check. First, how badly do you need the money right now, and will you be able to pay it back on time? Add up what you'll pay overall with the interest and fees and ensure you can handle this potential debt.