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Text loans no credit check- Loans are now just an SMS away
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Posted On :
Oct-16-2011
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Article Word Count :
409
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The easiest way to get text loans no credit check is through the internet. The applicant can search the internet for various lenders who offer these kinds of loans. It is better to research about these loans and then only one should apply so as to get the best deal which means low interest rates and friendly terms and conditions.
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It is difficult to imagine that your mobile phone can get you loan. But it is really possible to get loans by sending a text message from your mobile phone. This type of loan is known as text loans no credit check and provides small cash for short period of time. These loans are designed for every kind of borrower who needs some extra cash immediately. The amount which one can avail from these loans is small but people with small financial requirements can surely opt for this service.
Borrower can get text loans no credit check the same day he applies for it and the amount is directly deposited in his account. Since this process is for a very short period the lender offers the borrower an amount that ranges from £100-£300. This money is lent for up to 7 days and the repayment is very easy because on the due date lender directly deducts the money from borrower’s account with his consent. There is no credit check and no loan formalities in case of text loans no credit check. It is very easy to apply for these loans. Borrower need to select the lender online and fill out the online application form and register himself. Soon after this, borrower gets a SMS through his mobile phone which can be used to get text loans no credit check.
Borrower need to fulfill certain terms and conditions to be eligible for text loans no credit check. The eligibility criteria are somewhat like this, the borrower should be 18 years old or more and a citizen of UK. He must have a permanent job and a regular income. Also, he should have a bank account in his own name. If one fulfills these conditions, he can surely enjoy the benefits of text loans no credit check.
No credit checks are carried out for availing text loans no credit check. This means a person with poor credit records like foreclosure, bankruptcy, CCJ can easily apply for these loans. The lenders do not have issues in approving the application of bad credit holders if they presently have a sound source of income to repay the amount. But, it should be kept in mind that these loans carry high interest rate which ultimately increases the credit sum. At the same time, late repayments on the part of the borrower will lead to extra expenses in the form of penalty.
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Article Source :
http://www.articleseen.com/Article_Text loans no credit check- Loans are now just an SMS away_92698.aspx
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Author Resource :
Curtis Jackson is a prolific author who has penned several articles on finance. To find more about text loans no credit check and text loans no credit checks that best sites you need to visit http://http://www.textloansonline.co.uk
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Keywords :
text loan no credit check, text loans no credit checks,
Category :
Finance
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Loans
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