Short-term emergency payday loans usually have to be repaid within a few months, while long-term emergency cash advance loans usually have flexible repayment schedules of up to several years. Both are suitable for people suffering financially and with different needs.  If you find it easy to pay off a small amount from time to time, a short-term loan is ideal for you. However, a long-term loan would be ideal if you need a large amount to be repaid over a more flexible and longer period of time. Remember that your creditworthiness can affect your ability to obtain certain types of loans.