Looking for a short-term loan? A really short term of a few days or weeks, right until your next payday? US credit loans are the best choice for you. Also called payday loans or cash advance, credit loans are a quick-fix solution for an immediate shortfall against your paycheck. Generally repayable on or before the next payday by the borrower, a credit loan is repaid in one single installment and does not require any collateral. This is why credit loans are offered for smaller amounts, while the interest rates for it are comparatively high. Repayment of credit loans are done on the due date along with the finance charge by redeeming the check and paying cash

A credit score is used by lenders to determine your eligibility for a loan, and the terms of the loan.

Any score between 580 and 669 is considered a fair credit score. Easy to apply with basic information and easy documentation, fair credit loans are available online from plenty of lenders. The loan offers and payment options are provided by professional lenders almost instantly, and the process of document verification, loan approval, and fund transfer to the borrower’s bank account are done within the next working day. Faster funding is one of the major advantages of fair credit loans online, and with lower interest rates, there are numerous lenders who offer these affordable, unsecured loans with no demand for credit checks.

Offered to those having credit scores of even 450, these loans are approved in 24 hours, and for even longer terms.

Pre-approved loans are more of an offer from banks or money lenders luring people to borrow money by basically getting hold of your credit ratings information from a credit bureau and offering instant loan approvals. More like a soliciting business for lenders, the pre-approved loans specify scheduled installment repayments over time, like any normal loan.

Some of the best credit loans are offered online by these top 10 lenders are SoFi, LendingClub, Prosper, Upstart, FreedomPlus, Avant, Upgrade, EVEN, Citizens Bank, and Discover personal loans.