Credit history plays very important role in balancing financial life. People face downfall in their credit score mainly because they fail to meet guidelines stated by financial institutions. In case of payday loans, if borrower fails to pay back loan amount on due date then it negatively affects his credit score. And, it is clear truth that anyone with bad credit statements cannot qualify for conventional bank loans. Thus, online short term loans are the only option left to tackle unforeseen cash requirements. Qualifying for these loans is very easy; all they need is that borrower must be 18 years old and have at least $1000 steady income flow. Loan amount is finalized by lender after reviewing application form of borrower. After loan approval, cash is directly transferred into borrower’s bank account within one business day. There is no requirement to pledge any collateral to qualify for online short term loans. In some cases, lender might ask for post dated check before lending loan. These online loans have higher interest rates as compared to conventional loans because of their ease and quickest availability. Loan amount may vary between $100 to $1000 for these loans. The borrower must try to make repayment in designated time period to enhance his credit history. Just handle your imperious cash needs effortlessly at Canada-Payday-Loans.