Have you ever been in a situation whereby you are cash strapped ? I have been through that and I can tell you that it is not easy to open your mouth to borrow from a friend or to apply for a short term loan that needs collateral and you have none to offer. Most people often find themselves without the cash they need in between paychecks when unexpected expenses show up out of the blues. Expensive car breakdowns, appliances repairs and emergency doctor's visits can really drain a checking account, leaving you unable to pay your unexpected bills. Most loan applicaitons are long and drawn out and most of them require you to consent to a credit check. But I was fortunate to be informed by a close friend that with Loanswire , it is different. Easy and quick applications online, no faxing and absolutely secure transactions. But one thing I do have to remember is , there really is no denying that there will be a certain financial risks involved in taking out any loan that cannot be immediately paid back. Instant personal loans are no exception. They do come with additional fees and charges as well as high interest rates and a very short turnarounds. However, my friend told me that with the right knowledge and understanding about what to watch out for, instant short term loans can enable individuals to get the cash they need now without the fallout later.