Text loans are the most feasible way to get a loan using electronic media- text messaging. Recognizing urgent requirements, you can use it by just a text message. The option is suitable for those who need more time to speak to the text loan direct lender or meet in person for quick cash.
These loans allow people to text in loan amounts and retrieve vital information such as agreement links or notifications of upcoming repayment rates. Through this, this one can get cash within 30 minutes. One may qualify for up to £1000 under these loans. While some lenders also offer tiny amounts like £200, £150, and £100, and thus these are also known as mini text loans.
How Do Text Loans Work?
A text loan is part of payday loans, wherein you send a message to the lender to avail of a loan amount. People with good or bad credit scores can apply for these loans. While applying, you generally go through the same process you do with payday loans. But after that, you can use payday loans via text, i.e., complete the process through texting. Check out your needed amount and get the sum instantly in your account.
Can I set up an automatic notification alert?
These fall into the unsecured loan category and do not call for a guarantor too. These are apt if you encounter an emergency where you need cash instantly online. Search for Text loans from direct lenders spectrum that offer an automatic top facility in the UK. It alerts you of using a higher amount than what you initially set. If you partner with us, you can leverage the facility.
Who can qualify for text loans at CashFacts?
Before reviewing and applying for text loans, you must check out the eligibility for the same. Here are the criteria to qualify for these loans at the portal :
- You must be an 18+ UK citizen
- Must have a UK bank account with valid debit card details
- Should have a consistent income of above £800/ Monthly
If you meet the criteria, you can apply for instant loans and get approval on the same. If you wish to save the information, you can. So that next time, you can do something other than that to get the cash help.
When should you tap text loans?
These loans are ideal for any emergency situation that you may encounter as an unemployed or employed being. You can use the loans for the below purposes:
- Urgent boiler repair
- Urgent car tire repair or replacement
- Medical urgency
- Tackle an unexpected expense
- Consolidating loans
- Cannot visit the lender to borrow one
- Share credit issues but need money quick
- Bad credit profile and need quick money
How Do These Loans Are a Reliable Way To Get Quick Cash Assistance?
The primary advantage of these loans is you get the funds swiftly as you apply via text. Lenders quickly approve and release the requested funds in the respective account hassle-free. It is simply no documentation and no collateral process to get the sum. Not just that, but these share multiple benefits. Here are some:
- Can borrow the smallest amount of £100
Sometimes, you seek the little financial help possible. It could be for any possible reason, like paying a vendor or attending a minor penalty. If you lack cash, text us and get £100 in your account in a flash. Emergencies and challenges could meet you in any person. You must have a good backup like CashFacts to support you in your hour of need. Once we receive your application, we will release funds within 10 minutes.
2) Every credit history can apply
You do not need to worry about whether you have a bad or poor credit score as we provide text loans at other parameters like income. Unemployed can apply for these loans with on-benefit income proof.
We analyse your requirement and affordable potential before lending. We will release the funds immediately if we find your record suitable for the loan. Or else offer an amount below what you need to help you with the bare minimum. With us, you share a 97% application approval rate.
3) Repayment terms that align with your profile
We understand that apart from individuals with a good credit profile, one may apply with unmanaged finances. We welcome both with personalized repayments and loan terms. You can avail of our expertise to meet any short-term requirement without losing another moment. Please do not bother about defaulting. Instead, we grant you an opportunity to build credit from scratch.
You can choose a flexible repayment structure (3,6,9,12 months) and complete your payments hassle-free. In extreme financial distress, you can switch the repayment structure from 6 to 9 months. However, clearing off loans as soon as you can is ideal.
If your finances improve, you can repay the pending amount earlier than the repayment due date penalty-free. It is the superior quality of Text loans direct lenders, like CashFacts in the UK.
- Flexibility to qualify with no credit check
The most daunting aspect that borrowers fear while borrowing is a credit check. If applying with a bad credit history, the anxiety increases. However, with us, you can handle harsh credit footprints on your credit report. We provide these loans with no credit check.
It implies that we need to conduct a detailed screening of your credit profile when you apply for text loans/payday loans via text message. Instead, gauge the affordability with a soft credit check. It details your income and outgoings, apart from personal information (name., email, residence address). By analyzing these aspects, we help provide the best amount in your affordability range.
5) Get an Obligation-free loan quote
There could be uncertainty dwelling or confusion about whether you need the loan in the first place. If you fear that, apply without thinking of any of these. As ours is a no-obligation loan quote that you may accept or deny without causing any potential damage to your credit score. If you share doubts about whether your needs fit the loan, contact us for a detailed explanation and expert assistance.
Bottom line
So, this is how text loans are a reliable source of instant cash and meet the requirements within the due time. Whether it is about the most pressing concern or an everyday need, if you lack every cash source, tap these loans for quick assistance.
Jessica Rodz is the Senior Content Writer at Cashfacts. She has a long career in the field of content writing and editing. Jessica has the expertise in the UK lending marketplace where she has worked with 7 different lending organisations and acquired many responsibilities from preparing loan deals and writing blogs for their websites.
At Cashfacts, Jessica is managing a team of experienced loan experts and doing a major contribution in guiding the loan seekers via well-researched blogs. She has done graduation in Business (Finance) and now currently doing research papers on the UK financial sector.
