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It is better to get a short term loan from a credit union or a payday loan establishment?

Answer:
It depends on how much money you need. If you can pay back the money very quickly and by your next paycheck, it is best to get the payday loan. However, if it will take between a month to three months to pay back the loan, your best option is the short term loan.
First answer by Answers Publishing Network. Last edit by Answers Publishing Network. Contributor trust: 99 [recommend contributor recommended]. Question popularity: 1 [recommend question].

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Relevant answers:

  • Is payday loan and short term loan are same or not?

    yes they are....there are lots of terms for payday loan sites....short term loans, payday advances, etc. Best bet OS to make sure you always apply with lenders (people that provide the money) as...

  • Long term loan vs short term loan?

    With long term loans, borrowers can take a longer period of time to start paying of their loan. Whereas with short term loans, the borrowing time is usually no more than two weeks because the...

  • Disadvantage of short-term loans?

    Some disadvantages of short term loans include - fees and high interest rates, as well as a short term borrowing period.

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    A short term loan is a small loan intended to help people cover unexpected financial expenses between paychecks. Short term loans are available online through a variety of different lending services....

  • Advantages of short term loans?

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