All the payday loans are short-term loans and short-term payday loans are one of them. If your credit history is not good, yet you have lot of debt. You can choose short-term payday loans at that time. Short-term payday loans can solve your financial problems with in few hours of applying. A short-term payday loans are financial management tool that provides a sensible alternative to costly bounced checks, late payment charges and tarnished credit ratings. Short – term payday loans are provided to the borrowers who want quick help in financial emergencies. For unexpected expenses like car repair, pay medical bills, repair in a small settlement of your home, plan for dream vacations, and need of cash in the end of the month short- term payday loans will be the good option. Short-term payday loans are also a good idea if you cannot repay your certain payments on certain date. This can be far more expensive than any other type loan fee, since it can make an effect on your credit rating and make future loans more expensive. This is especially true in the case of mortgage or car payments. Mostly borrowers also take out short – term payday loans to pay for luxuries or a new television.