Credits are acquired by different means like going to a bank and filling out the various documents or by going to a money lender and asking for money. But Text Loans are a new and advanced way to obtain money. This credit can be used to fulfil any need. Just one message and you have the finance that you had asked for. The lender association permit the acclaim of up to 100 for a period of 1 to 7 days. The finance has to be paid back within that time. An extra penalty fee will be charged if the applicant of the credit does not repay the cash within the given time. You will find the attention rate a bit bit high as evaluate to a number of other credits but this facility is easy to obtain and extremely harmless. This credit facility can be used for an end number of things like to pay the bills, to indulge in some weekly comfort, in an emergency situation and so on. The borrower has to fulfill the following eligibility criteria: The borrower should be a citizen of U.K.
The borrower should be above 18 years of age.
The borrower should be employed with a reputed company.
The borrower should have regular income.
The borrower must have an active bank account. To apply for text loans, firstly, you must first catalogue your mobile number with the lending institute from where you plan to borrow the money. Make sure to read all the details of the agreements properly while filling you form. After submitting the application, you will receive a confirmation email from the lending institute which will include your PIN code. So next time you need the money, message your PIN code along with the amount needed.