Credit scoring is normally used by lenders to determine the risk of the borrower defaulting. Short term payday loans were introduced to help poor credit customers get an instant cash advance in the event of a financial emergency. It is a no credit check loan so approval is guaranteed, provided that the applicant is a U.S. citizen, in full-time employment, over 18 years of age, has a valid checking account and can provide 2 forms of identification.

When is a Short Term Payday Loan a Good Idea?