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Advice on Short Term Loans: • Consider the total cost of the loan, not just the monthly payment. Longer terms will give you a lower payment, but you always end up paying more in interest. • Beware of hidden charges such as credit insurance. If you don't understand a fee, ask to have it explained to you. • Finally, a loan officer can talk until he or she is blue in the face, but the proof is in the contract. If the terms of the contract you are about to sign are different from what you were told, don't sign it. Those are the terms by which you will be bound. Make the lender correct it, and if they won't, take your business elsewhere. Keep these things in mind when short term personal loans.