Short-term loans come in a variety of forms that include short-term payday loans or cash advance loans. Other traditional short-term loan forms include credit card cash advances, personal loans, and installment loans. Since many people cannot qualify for a traditional or bank loan due to low credit scores or cannot get cash from their credit card, they consider a short-term payday loan online. Short-term payday loans are for emergency situations like emergency car repairs, utility or electricity bills, medical bills, or just when you do not have the cash to pay for simple groceries or other necessities. Short-term payday loans can cover you in emergency situations until your next payday.