Best Short Term Loans For Bad Credit In 2022

Life has a way of throwing curveballs at you when you least expect it. Sometimes, you might be having the time of your life only for you to lose something valuable or, even worse, get yourself injured.

Since you may not have the cash lying around for that particular emergency, you might find yourself considering securing a loan quickly.

If life gives you proverbial lemons and you find yourself in need of securing a quick personal loan, you need to stop and think. Rushing will only lead you to make bad decisions. So first, pause and examine all of the options for the best short term loans with bad credit at your disposal before making a move.

List of Best Short-Term Cash Advance Loans of 2022 [Review]

  1. MoneyMutual: Best Short Term Loans For Bad Credit With Guaranteed Approval, Top Rated
  2. Funds Joy: Short Term Loans For Emergency Needs, Apply Online
  3. Best Interest Rates For Bad Credit Or No Credit Score 
  4. CashUSA: Easy Approval Fast Cash Loans 
  5. Best Personal Loan Lending Company

A short-term loan is best described as a small loan amount the lender grants a borrower to be paid back between a week to three months. In most cases, such short-term loans come with a flat fee, making it enticing, as the borrower does not have to worry about paying more than they had initially planned.

Typically, the more it takes to repay a short-term loan, the more of the loan amount you will end up paying. Anyone with an active checking account and an applicable monthly income requirement qualifies for a short-term loan. With that said, let us kick things off by looking at a few top-tier short-term cash advance loans.

#1. MoneyMutual: Best Short Term Loans For Bad Credit With Guaranteed Approval, Top Rated

If you have bad credit and are looking for a quick fix, I would strongly recommend checking out MoneyMutual. For starters, they make sure their esteemed clients get the funds they requested in less than 24 hours, which is quite convenient. Then, all you need to do is sign up for a few virtual forms that will only take you five minutes to complete, and you are good to go.

Just remember to be as accurate as you can and not falsify any information. Because of such convenience, MoneyMutual boasts of extending its services to well over two million customers and counting. Another great thing about MoneyMutual is you can get your hands on up to $5,000.

Since MoneyMutual operates online, it has made lending much easier since you will only require either a laptop or a smartphone with access to a good internet connection. Another thing you need to know about lending money from MoneyMutual is the interest rates vary.

The same goes for the loaning terms. The latter is why you need to take the time to read through their terms and conditions. That way, you will get to know what works for you and what does not. If a few things do not seem to make sense while reading through the terms, make sure you are getting in touch with customer care agents available on their official website.

If you cannot find their customer care agents via their official website, feel free to leave a message on their social media pages. A representative should get back to you as soon as possible. With that said, let us take a quick look at the advantages.


  • Takes only one business day for the loan to be approved
  • Only takes five minutes or less for you to apply
  • The official website is secure and straightforward
  • They offer up to $5,000 on the go


  • MoneyMutual services are not available in CT and NY

⇒Visit the Official Website of MoneyMutual for More Information

#2. Funds Joy: Short Term Loans For Emergency Needs, Apply Online

FundsJoy provides the best short term personal loans in 2022. A brand who is an action taker, creates an ecosystem which is fast, reliable and transparent. FundsJoy believes in providing instant finances to people who are in dire need of money for any given reason. Why do people prefer FundsJoy, you might ask? The annual percentage rate (APR) set by FundsJoy ranges from 4.99% to 450%, however APR rates for cash advances are different which ranges from 200% to 1386% and other rates for installment loans. 

For instance, if you borrow $2500 for short term, say, 1 year, your APR rate will be 10%. Now, please note that FundsJoy is not a lender but an agreement provider. It is up to the client to agree to the terms and conditions of FundsJoy. Therefore, cannot predict fees or charges that are to be applied on the loan amount. 

FundsJoy potentially impacts the credit score which in turn increases the overall credibility of the person. This helps them to apply for loans in future with much ease and without any restrictions. With FundsJoy, there are no loan renewal options available. It is advisable to consult your direct lender first before entering an agreement and check if they accept loan renewal.

Get your best option for a short term loan with FundsJoy. Increase your credit score and credibility today. 


  • Loan amount ranges $5000
  • Application forms only takes 10 minutes to complete
  • Entire website is encrypted
  • No hidden fees


  • Application form does not guarantee loan approval
  • 24/7 customer service

=> Click here to visit the official website of FundsJoy

#3. Best Interest Rates For Bad Credit Or No Credit Score


As the name suggests, was created for borrowers with bad credit because they often get emergencies like everyone else. However, ever since its official start back in 1998, has always been there for people from all walks of life. To date, they boast of having helped well over 750,000 customers.

Whether you would like emergency funds to offset bills or simply want to build your savings account, you can always check them out. Also, the process of applying for an emergency loan is quite simple. First, you have to get to their official website. From there, you will be given directions you will have to follow.

Once you have shopped around for terms that fit your current circumstances, the site will hook you up with bad credit loan online lenders who will help you get the kind of loan you want. The site allows you to borrow between $500 and $10,000. Depending on the loan amount, you will have to choose to pay installments between three to 60 months.

As earlier mentioned, your loan will be approved as quickly as possible, and you will get it wired to you after one business day. The interest rates range between 5.99% and 35.99%, all depending on the terms you choose. The sign-up form is as simple as it gets, meaning it will only take you a few minutes to get it done.

In case of any complications, you can always reach out to their competent customer care, and they will get you sorted out as quickly as they can.


  • May help boost your bad credit score
  • Easy and quick to secure a loan
  • Lender information is available to help you choose the right one
  • Privacy is their number one goal
  • 24/7 customer service is fantastic
  • Offer other services such as poor credit repair, debt relief, and other related products and services


  • Interest rates can be high

⇒Visit the Official Website of for More Information

#4. Easy Approval For Fast Cash Loans 


Another site you can get your quick short-term loan is As is the case with the other sites, you will have to visit their official website and go through the terms. Most individuals make the mistake of not reading through these terms and conditions and end up with a bad deal. So, do not be like them, and do your research first.

Once you have read through all of the details and are satisfied, you can fill in the online form. offers loans between $500 and $10,000 with interest rates ranging from 5.99% to 35.99%. You will also get a direct connection with the lender, thus eliminating the need to have the site acting as a go-between.

Many customers are pleased that it only takes some mere minutes to have the short-term loan approved. Once it has been approved, your lender will have the funds wired directly to your bank account in one business day. You will then have between 3-72 months to pay your loan, all depending on the terms of your deal.

There are a few requirements that need to be met before you can apply in the hopes of securing a quick loan from For starters, you have to be 18 years of age and above before you are considered. This shows you are an adult and, therefore, capable of making binding decisions.

Other requirements include the following: 

  • Must have a checking account in your name
  • Must either be a U.S. citizen or a permanent resident
  • Must have a valid email address and a working telephone number, preferably your home and work phone numbers
  • Must earn at least $1000/month after taxes.

If you are able to clear all of the above, you should not have a problem getting your loan. Now, let us take a look at the advantages of taking short-term loans from


  • Various loan amounts offered
  • Only takes a few minutes to know the status of your application and up to a business day to have the funds transferred to your bank account
  • Loans are multipurpose
  • Few interest rates give you many options for payment
  • You will have between 3 to 72 months to pay in installments
  • Famous for its confidential transactions


  • Only works for U.S. citizens or permanent residents

⇒Visit the Official Website of CashUSA for More Information

#5. Best Personal Loan Lending Company


Finally, on this list, we have none other than Besides being a free service, you can always get your funding in your account as quickly as the time they take to approve your online application. Their website design is a piece of cake, meaning you do not have to waste much of your precious time finding your way.

The site is also secure, meaning you will be safe giving your personal financial information without worrying about third parties gaining access to it. The loan amount you can get from ranges between $500 and $35,000.

Another great thing about the loans from this site is they are multi-purpose, meaning you are free to use the funds for any occasion. So, there are not any obligations upfront or hidden fees. Just make sure you are going through the terms, rates, and costs to be fully aware of what you are getting into.

As far as the interest rates go, offers between 5.99% and 35.99%. You will also have between 3-72 months to clear off the installments. As usual, the faster you pay, the cheaper it will be. But before making your decision, it is essential to be honest with your abilities, as it will come in handy. The last thing you want is to struggle to make the payment just because you wish to clear it earlier.


  • An extensive network of bad credit loan online lenders
  • Funds are sent to your account only a business day after their initial approval
  • Offers loans of up to $35,000
  • Loans are multi-purpose
  • Competitive rates
  • No hidden costs


  • The longer you take to repay the loan, the more expensive it will be

⇒Visit the Official Website of for More Information

#6. Best No Credit Check Loans is another website we would strongly recommend you to check out as soon as you can. Their extensive network of bad credit loan online lenders makes it easier for you to get access to the short-term loan you require. They offer short-term loans of between $250-$5,000. However, before committing to any of their loans, it is imperative to take the time to understand their terms.

The loaning term offered by varies depending on your personal needs. After examining all of their terms and deciding to apply for a short-term advance from, you will proceed straight to their official website and begin the process. Thankfully, the application is as simple as filling in a form and pressing send. This should only take you a few minutes, and you will be through.

Make sure all of the information is legit to avoid any complications. If all goes well, your advance should be approved after one business day.


  • The application process is easy and quick
  • Application only takes one business day to be approved, assuming there are not any complications
  • An extensive network of bad credit loan online lenders is available


  • Not eligible for a loan if you are currently in bankruptcy
  • If you already have a loan, you will not qualify for another loan

Best Credit Cards For Short Term Emergency Loans  With Guaranteed Approval

If you are looking for a cheaper option, you need to consider credit cards for bad credit instead of taking advanced loans. The truth is, using a subprime credit card to pay loans in a matter of weeks means much lower interest rates compared to installments. In most cases, they will reduce the high interest fees to a minimal amount.

The latter seems to be the case, especially when you choose to clear the debt in a matter of weeks instead of waiting for months or years. The key is ensuring you are taking advantage of the grace period before the interest rates start taking charge.

If you do that, then you can always get your loans on time and, at the same time, enjoy the possibility of your low credit score rising. The trick here is learning how to budget and, most importantly, signing up for the best credit card companies that have a legit reputation out there.

Does Your Credit Score Qualify?: In order to determine whether you will qualify for a specific loan or credit card, it’s important to keep monitoring your credit report & score.

With that said, here are three of the best credit cards that can help those with bad credit.

#1. FIT MasterCard

fit card short term loan


What makes FIT MasterCard unique is the fact they took the time to understand the needs of their customers before creating a service that serves them best. So, first, they made it possible for people with all kinds of credits to apply and made the process a tad easier.

With that said, if you would like an emergency loan with bad credit transferred to your account, you will just need to apply for your FIT MasterCard once. From there, you will always have a chance to enjoy convenience every time you need an advance. You will also have the opportunity to sign up for e-statements, which will help you avoid the urge to overspend and go way above your limit.

Should you choose to apply for an e-statement, you will be granted free access to your credit score. All you are required to produce before you can apply for your FIT MasterCard is your checking account.

Once they have confirmed you have a steady job and are not a flight risk, the process will be quick. Once your account is created, they will send your card to the address in a matter of days.

Once you have registered, your activity will be reflected in three major credit bureaus, making it easy for you to make adjustments to your bad credit score. So, if you are doing a good job paying your credit loans on time, your credit score may continue to rise. FIT MasterCard also offers interest rate of 29.99%, which is quite fair for lower credit scores.

In case you find yourself having issues, you can always contact their meticulous customer service, which is available around the clock. You can also get full access to your account at any time of the day or night. With that said, let us take a quick look at both the advantages and disadvantages of FIT MasterCard.


  • Quick application process
  • 24/7 access to an online account for free
  • Offers a way to carry out your pre-qualification process without affecting your bad credit score
  • A bad credit score is calculated and increased automatically as long as you are keeping up with your payments
  • $0 liability for fraudulent transactions
  • Customer care service is incredible
  • The service has a good reputation


  • $6.25 monthly maintenance fee

⇒Visit the Official Website of FIT MasterCard for the Best Discounts

#2. Indigo Platinum Mastercard Credit Card


If you are looking for a quick loan that is not only affordable but convenient, then we recommend you try the Indigo Platinum MasterCard credit card. It will only take you close to eight minutes to complete the application process, which is super simple. Then, it will take even less for you to know whether or not your account has been approved.

In case of a refusal, you will be notified by the customer service, and they will be more than willing to help you get it right if you wish to try again. You will never have to worry about having a less than perfect credit score because the founders started the Indigo Platinum MasterCard credit card to help those in need.

Speaking of less than perfect credit scores, the service ensures they are reporting your payment credit history to at least three major credit bureaus in the U.S. This ensures the credit scores are updated constantly. With that said, if you are diligent in your payments, then you are most likely to improve your low credit score in due time.

Should you choose the Indigo Platinum MasterCard credit card service, you will have full access to their online servicing. It will not matter what time of the day or night you choose to use their services, the officials will always be there.

Another important reason why you should consider the Indigo Platinum MasterCard is its reputation. A business can only have a good reputation if its services match what they advertise. With that said, let us go straight to the advantages the service offers to its customers.


  • Offers 24/7 online service
  • It May help get your credit score up
  • Good reputation, making it a trustworthy option for your financial needs
  • Your credit score should not be the reason you get denied a loan if you have a steady income every month
  • Not many requirements


  • Some think the interest rates are high
  • Customers must be U.S. citizens to qualify

#3. PayPal Prepaid Mastercard


Last but not least, we have the PayPal prepaid MasterCard. First, you are bound to enjoy a few features. One such part comes in the form of “earn cashback,” where using your card earns you a few points, which they can convert to cash.

They would then deposit the money you have made into your PayPal account. You are also bound to enjoy a few personalized bonuses the more you continue using the card.

You can use your card in any outlet as long as they accept debit cards. So, it would be in your best interest to always check before using. You can get your card attached to additional features by contacting their customer service. All you need to have is a PayPal account that is active.

Once you have received your PayPal prepaid MasterCard, you can always transfer funds in a split second, which is excellent, especially in times of an emergency. So, it will only take you roughly eight minutes to get the job done for those interested in applying for this card.

Once your information has been verified, you will receive a notification. You will then have your card sent over to you in a few business days.


  • Since the service is prepaid, customers do not have to worry about a high interest rate
  • Quick transfer of funds
  • You can apply for more features and program details with ease
  • Quick application process
  • The “earn cashback” offer that is meant to encourage you to use your card more often can end up giving you free cash
  • Customers worldwide can access the service


  • Does not offer monthly reports to any credit bureaus
  • Since it is a prepaid system, you cannot rely on it when you are completely broke

Tips on How to Use These Short Term Loans Responsibly  

Perhaps the riskiest bit about taking a loan is not planning on how to spend it in advance. It is pretty normal to get excited when you receive a loan for apparent reasons.

But, if you let the excitement get the better of you, then chances are you are most likely to mess up. So, do not make that mistake. Here are a few tips you can employ to avoid making poor financial decisions.

First, you need to create a budget. A budget is meant to keep you disciplined by ensuring you are not falling victim to impulse buying. The funding will also keep you borrowing to a bare minimum, thus shielding you from having to repay a more significant loan amount that is most likely to give you problems.

Before applying or taking a loan, you have to be brutally honest about your earning potential. Most people who overestimate their earning potential almost always end up taking credit loans they cannot repay, which can ruin them in more ways than one. You might also want to review your current loan in case you have any.

This ensures you are not taking up another loan when you are still struggling to clear the first one. We would strongly advise against taking up another loan if you are still servicing another for reasons previously stated. You might also want to learn how to live below your means. Many people have fallen prey to the illusion they can live off of credit loans, which is not usually the case.

If you are considering taking a loan, then we would strongly recommend living below your means. That way, you can not only be comfortable paying it back but also make good use of the money you just borrowed. You will always be comfortable knowing you are paying money that helped you in a certain way.

Now, if you are finding it challenging to craft a working budget, I would strongly suggest you find someone who can do it for you. Of course, you will not go wrong with seeking the services of an excellent financial advisor. You can find several of them on social media who will give you free advice that will go a long way in helping you make much better financial decisions.

Finally, I would strongly recommend you learn the art of discipline before taking a loan. You cannot be undisciplined and still think you can pull off any of the tips shared above. Thankfully, learning how to be financially disciplined is not as difficult as many people think.

It is as easy as writing down what you would want to achieve with the credit loans and doing your absolute best to stick to it. So, start with small loan amounts of money than increase the loan amount with time.

Advertisers’ Disclaimer: This site is an independent, advertising-supported service. Some offers that appear on this site are from companies from which this site receives compensation. Relationships with advertisers do not affect card ratings or the Editor’s Best Card Picks. This site provides terms and conditions for any applicant who applies for a card. They may obtain personal information for card activation. They may use other factors to impact offer listings on the website such as consumer selection or the likelihood of the applicant’s approval.

About the author

Jhalak Choudhary

Jhalak Choudhary is an experienced editor and proofreader who has held their impression on the industry for 3 years now. Their ability to work above and beyond brings only the best foot forward. Jhalak Choudhary has had extensive experience in...
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