A cash crisis can cripple you financially, and a wrong borrowing choice might put you in long term distress as well as in a debt trap. Therefore, you should borrow a cash loan that helps you better than other alternatives while helping you fix your cash crunch as fast as possible. Preferably, it is a short term online loan that you are going for – given they are faster to take out with limited qualification criteria than bigger long term loans. However, which one of the short terms cash loans you should go for needs to be examined on the basis of – processing time, repayment term, lender, loan amount, interest rate and service quality. Broadly, the comparison is done between payday loans and installment loans. And we suggest that an online installment loan is a better alternative to a payday advance.