There comes a point in life when one faces financial crunch. He/she then thinks about ways to combat the situation without feeling embarrassed. There are a number of solutions that one can opt for like availing loans. But if requirement for money is less, one can go for short term loans. There are different lenders who provide short term loans. As the name suggest, these loans are available for short span of time and even the amount of debt is low as compared to other loans. These loans are unsecured, meaning that there is no need to pledge collateral against the borrowed amount.