Suffering from Bad Credit and Need a Loan?


If you’re suffering from bad credit, you may automatically think you cannot receive a loan. At Short Term Loans, we go against the grain, giving you available options to get the cash you need easily, no matter what your credit looks like. We have a bad credit short term loans program which is a process that allows you to obtain a loan.

If you have an unexpected financial issue, but you have either bad or no credit, consider contacting Short Term Loans. Instead of avoiding paying a medical or repair bill, give us a call or stop by one of our many locations to get personal loans for bad credit. We want to help you get back on the right financial track.

How To Get Loans With Bad Credit?

First off, it’s important for you to know that if you have bad credit, Short Term Loans will not prevent you from getting the fast cash loan that you may need immediately. Our online loan application process is seamless and efficient, making the experience pain-free and straightforward. In order to receive short term loans for bad credit, you need to follow three simple steps: apply, get approved, receive cash.

  • Application: When you fill out an application for a short term loan, you must provide a few simple pieces of information such as your current employment information, your income, and your bank account information.
  • Approval: With Short Term Loans, you won’t have to wait for days or even weeks for the approval process. Instead, you’ll get an instant answer on if you are approved and for how much.
  • Receive Your Cash: Once you’re approved, we’ll deposit the money directly into your account within seconds of approval using our Instant Funding option, allowing you to handle your expenses and then repay your loan the next time you’re paid. Make sure if you choose to pick up the cash that you choose the Western Union funding option.

Don’t Let Your Bad Credit Stop You

We know that life happens, and unexpected events can be stressful with which to deal. If you have bad credit, this is just an added stressor and you may feel like you are all out of options. We want to help avoid this and as a company that offers personal loans for bad credit, we can work with you to make sure you get back on track financially. Our goal is to help you pay the unexpected bills and work your way back to restoring your credit.

Don’t worry about coming into a location to fill out an application—you can do it from the comfort of your own home. Life is hectic and busy, so we make sure you can apply for a loan online with just a few button clicks. Filling out the online application is efficient and quick, and you can find out how much money you’re approved for within minutes.

Loans For People Who Have Bad Credit

We offer both installment loans and payday loans and if you have bad credit, these can still help you manage your finances and pay your bills on time.

  • Installment loans: Our installment loans can help you get cash fast for unexpected expenses or any other need you may have. It allows you to pay back the loan over time in manageable payments to make sure you can get your finances back in line.
  • Payday loans: This is a short term cash advance to help pay for bills (home or medical), car repairs, or any other expenses until your next payday. Payday loans help you avoid costly returned check fees, overdraft charges, and late fees.

How To Apply For Loans With Bad Credit?

If you are getting ready to apply for a loan, make sure you meet the requirements before you fill out an application. Don’t feel defeated by a long approval process—we don’t have that. Our process requires minimal information and you can be approved almost immediately. In order to apply for loans with bad credit, you must meet the following minimum requirements:

  • Employment: You need to be currently employed or receive other regular income if you are getting ready to apply for a loan.
  • Income Minimum: Your gross income must exceed $1000 per month.
  • Age: In order to apply for a loan, you’ll need to be at least 18 years old. We ask for your ID to make sure you are 18 or older.
  • Bank Account: You need to have a checking account because we need to be able to deposit your funds into your account as soon as the next business day.

Our Loans Help You Out of Financial Issues

Financial hardships are can take a toll on your mental health and everyday routines as you struggle to make payments. Unexpected payments may come up—a car accident, a medical bill, an emergency home repair—and if you don’t have the funds to pay your bills, we can help you obtain a fast and easy loan.

In Illinois, our maximum payday loan is $850 or up to 25% of your monthly gross income. For an installment loan, you can borrow up to $3,500. The approval amount is based on the information that you gave us on your application.

We want to make sure that you can receive personal loans for bad credit and if you need information, you can give us a call or stop by one of our storefront locations—we are all over Chicago, including the northwest and southwest suburbs. With Short Term Loans, you can avoid costly late fees, overdraft fees, and service cancellations. Let us help you through the rough spots with the cash you need until your next payday, or even longer if need be.