subject: SMS Loans - Quick Measures In Bad Times [print this page] SMS Loans - Quick Measures In Bad Times SMS Loans - Quick Measures In Bad Times
Mobile phones have innumerous uses. All of us today posses a cell phone as it is a convenient mode of communication. There are often instances where we fall short of cash. It is in such cases that we look for immediate help to solve the problem. SMS loans are a fairly new introduction in the financial market offering quick and effective measures in bad times.
For people surviving on small monthly incomes small text loans also known as SMS loans are a good option when a crisis hits. The maximum amount one can acquire extends to up to 100 and it is given for a period of 1 to 7 days. This cash advance is approved almost instantly and therefore helps nip any problem you may have in the bud. Although the interest rates are higher as these are very short term loans, they are easily repayable as the amounts borrowed are tiny.
There are no credit checks conducted on an applicant when he/she applies and so even bad credit holders or people with financial pasts that are not up to the mark are free to apply. The repayment periods are often flexible and one can extend it by paying an additional fee. Any sudden ailment or mishap can be dealt with without any hassles.
The people of the UK can apply for a text loan on providing proof of residence in the country. In other words, citizenship is a crucial criterion. The other pre-requisites include the applicant being above 18 years of age, having a bank account and a secure source of income. Possession of a mobile phone is also necessary.
Once the applicant fills in the form online he/she is issued a PIN number which can be used to send the lender text messages. The amounts and other details can be specified in the message.
