Having money is great, but unfortunately, at a point in your life, you realize that there's not enough. Any medical emergency, home damage, or any kind of emergency can make you think like that for once. Keeping your money alive while it’s in your savings account or brokerage account is a good thing, especially when inflation and other economic factors justify keeping as much of your capital safe and secure as possible. In that case, people have to rely on short-term or same-day loans to handle difficult personal expenses. If you're also considering applying for a short-term loan, you must know some pros and cons associated with it. Pros Quick payout - The only reason why you consult a lender for a short-term loan is to get the funds as quickly as possible. So, short-term loan products come with the advantage of quick application approval as it is a matter of hours. Depending upon your lender, you may also get the payment within 24 hours. Bad credit is not an issue - Many