The term for short term loans is normally 14-18 days. Short term loans, if utilized well, can be constructive in rendering long term services. Things initially; a short term loan is better than a long term loan when you are talking about charges. Even if the rates are greater on a short term loan, you are still not going to pay as much as you would on one of those long term loans. For things like that, you have to use the short term loans, due to the fact that the long term ones take too long to procedure.

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