Is a Short-Term Personal Loan the Best Option for Your Expense?

Personal loans are one of the most versatile financial tools available to borrowers. There are many ways to use personal loans responsibly and get ahead financially.

There are multiple types of personal loans. Short-term personal loans are smaller loans, typically up to $1,500, that have shorter terms.

While there are many reasons why borrowers should be careful when it comes to taking on debt, not all debt is bad. Opening a credit card or requesting a personal loan can help you build credit and improve your credit score, as long as you borrow responsibly.

Is a Short-Term Personal Loan Right for Me?

Here are just a few ways to determine if a short-term personal loan from Mountain Summit Financial is the best way to cover your expense.

  1. You have an unexpected expense and no savings.

Unexpected expenses can be everything from a pipe bursting in your home to an emergency trip. Unfortunately, many Americans have less than five hundred dollars in savings to cover an emergency, according to a Bankrate survey. A personal loan can help cover emergency expenses up to $1,500. Whether your air conditioner stops working all of a sudden or you have an unexpected medical expense, you can request funds online and receive an approval decision in minutes.

  1. Your expense is less than $1,500.

At Mountain Summit Financial, you can request up to $1,500 online to cover just about any expense. If you need more funds, you could request an additional loan once you have repaid your first one.

  1. You need cash fast.

By requesting a personal loan on our website, you will receive an approval decision in minutes. We give every application special attention. We also use more than your credit score to make approval decisions. If approved for funding, you can see cash in your account in as little as one business day. We have facilitated over 50,000 loans.

  1. You want to avoid a pre-payment penalty.

Our users pay no pre-payment penalties. Borrowers are not punished for repaying debt sooner and by doing so, save money on interest. We also promise there are no hidden fees.

When Should I Choose Another Type of Funding?

A short-term personal loan is an unsecured loan. Interest rates can be higher on short-term loans, which is why they are often used to cover emergency expenses. If you have collateral or equity in your home or vehicle, you could choose a secured loan and potentially pay less in interest. However, secured loans use your collateral as backing, and you risk losing your property if you can’t make repayment. Another alternative to short-term loans is a credit card. Unfortunately, not everyone meets the requirements for credit card approval. You may also have too many maxed out credit cards to get approved for additional credit.

Requesting a Short-Term Loan

Requesting a short-term personal loan is simple and easy at The process is online for your convenience. You simply provide the minimum amount of personal information required by lenders to make approval decisions. If approved, you can sign your loan agreement electronically and funds are transferred into your account as soon as the next business day.

Get the funds you need for your expenses. Make your short-term personal loan request now.

Ready to Get Funding?

At Mountain Summit Financial, we’re here for you. If you’re ready to get the funding you need, start your short term loan request now.

Ready to Get Funding?

At Mountain Summit Financial, we’re here for you. If you’re ready to get the funding you need, start your short term loan request now.

Mountain Summit Financial is no longer funding new loans.

Our trusted affiliate can provide you access to funds.

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