Txtloan.co.uk
A new aproach to payday loans - get a loan via sms message
Visit WebsiteTxtloan.co.uk started operating in 2008. Since that they proved they are reliable lender. The procedure of applying for a loan is secure. Unlike other lenders they concentrate on sms loans.
They charges are quite high,compering to others as they charge £17 for every £100 borrowed for 15 days, which makes it £34 a month.
They charge £5.50 for a same day transfer but this fee is included in £17 charge.
The loan can be taken for 15 days but there is possibility to rollover as often as you need.
Pros
- After registering, customers are able to take loan 24/7 via text message
- The lowest accepted minimum salary is £400
- Part-time employees are also accepted
Cons
- £100 maximum loan for first time borrowers.
- £500 maximum loan for existing customers.
With Text Loans @ txtloan ltd. you don’t even need a computer to apply. Instead, you can use your mobile phone to ask for the money you are in need of (please note, you need to register online first!). Since there is never any credit check or disclosure about what the funds are for you are in complete control. We may as well benefit from technology and this lender is pushing it to new heights. They are one of only a handful of lenders out there that allow you to get a payday loan by text.
If you visit txtloan for the first time they can only offer you £100. This is a good amount of money for a small emergency or some extra spending cash. Since the amount is so low, you will be able to get the money without a credit check or without having to submit any documents by fax. If they get you know better they increase a loan by 100£ up to £500
The funds do need to be paid back to the lender all at once from the next payday. Make sure you only take out this type of loan if you are able to pay the lender the full amount you have agreed to. Otherwise, you need to find a lender that allows you to pay them in smaller installments over time.
The interest charges from Text Loans @ textloan ltd. is based on a weekly loan basis. If you have a couple of weeks until you get paid again then you will have those charges added to your loan. If you only have a few days to go, they can prorate that charge for your benefit. To qualify you need to be at least 18 and have a bank account. You also have to earn at least £400 per month.
Applicants also have to provide valid email address and a valid mobile phone number before funds will be released by this cash advance lender. The initial registration for an account has to be done online though and then in the future it can be done by mobile phone.
I can’t believe that I was able to use my phone to get a cash loan. I use my phone for just about everything. What is ironic though is that I borrowed this money to be able to pay my phone bill. I went over my minutes and the bill was more than I had budgeted for. I couldn’t let them turn it off for a week. Plus, the cost of reconnecting it was terrible.
If you can send a text, you can apply for a payday loan. How much easier can they make it than this? I get so upset that getting a personal loan from the bank is so tough. They could really benefit from learning a thing or two from these great lenders. It is no wonder more people are avoiding the bank and going this route. Just one thing, why those lenders are so bloody greedy? With a bit lower interest I could take loans more often.