Overspending? How A Short Term Money Loan Can Benefit You Word Count: 511 Summary: Many will confess to splurging their hard earned cash from time to time. A lovely pair of designer shoes is not always on sale at such a reasonable price or is it everyday that tickets are available to a special sporting event. At times such as these, if you do give in and overspend, you may find that you are running short on cash until your next payday. In order to bridge this financial gap until you receive your next pay check, you could apply for a short term money loan. I... Keywords: payday loan, payday loans, advance, quick, easy, bad credit, converter, cash, online payday, instant Article Body: Many will confess to splurging their hard earned cash from time to time. A lovely pair of designer shoes is not always on sale at such a reasonable price or is it everyday that tickets are available to a special sporting event. At times such as these, if you do give in and overspend, you may find that you are running short on cash until your next payday. In order to bridge this financial gap until you receive your next pay check, you could apply for a short term money loan. If managed properly a short term money loan, otherwise known as a payday loan or cash advance, would help to put money back in your pocket when you overspend and do not have enough cash to tie you over until your next payday. A short term money loan or cash advance is usually for a small amount with the life of the loan being the time it takes for you to receive your next few pay checks. The amount that can be borrowed on these loans is approximately $100 to $500. To qualify you must be at least 18 years of age, be employed at your present place of employment for at minimum of three months, have your pay check deposited directly into your bank account by your employer, and make a net income of at least $400 per week. The specific details to qualify for a short term money loan may vary slightly depending on the payday or short term money loan lender. A short-term money loan is often obtained very easily and quickly. This would be advantageous if you need quick cash to bridge the financial gap until your next payday caused by overspending. With the advent and popularity of the personal computer, it is now possible to apply online for a cash loan. The application process is often very easy, taking just a few minutes to complete. It is often possible to have the money deposited into your bank account within minutes of your application. Once the lender receives your short-term money loan application on-line, they contact your payroll officer to verify the information on your application. Before online short term money loans were made available, it was necessary to submit paperwork, such as a bank statement, letter of employment and pay check stub to the lender before a loan could be approved. If you are an individual with a bad credit history caused by overspending, you may still qualify for a short-term money loan. Most payday lenders will allow individuals with bad credit or no credit to take out a loan of this type. When a credit check is performed, it is to ascertain that the borrower has not filed for bankruptcy or will not be doing so in the near future. All lending institutions want to ensure that they would be able to recoup on the loan plus their fee and interest if it were to go into default. If you need urgent cash due to overspending or certain cash emergencies, you may qualify for a short-term money loan.