If you are looking for a method of acquiring quick funds in order to meet some vital cash requirements without making any delay, your search ends now because here you are going to know about text payday loans. Through these loans you can get cash directly in your bank account without any hassle. This financial aid is basically for those who require a small amount of cash to solve urgent fiscal trouble or to meet some unforeseen financial requirement. These loans are like payday loans but there are some differences between payday loans and text loans. As the name implies, these loans can be secured with the help of a text message. It allows you to borrow cash up to 100 which is enough to deal with small needs. This loan sum is provided for a period of 7 days.
It does not matter that you have good credit score or bad credit because lenders of text payday loans let the borrowers have funds without checking the credit report of them. It signifies that you can make the most of this loan option even if you are suffering from bad credit status such as missed payment, late payment, IVA, CCJs, arrears, bankruptcy, insolvency payment overdue and the like. Though these loans can be acquired easily but there are some conditions that you have to meet for getting the loan. These requirements are as follows:
An applicant must be the citizen of the United Kingdom.
He must be minimum 18 years of the age.
He must have a regular source of income.
His monthly earning should be at least 1000.
He must hold an active checking bank account minimum 4-5 months old.
He must have a mobile phone and an e-mail address.
Once you meet these above mentioned prerequisites, you will be able to borrow funds. Here, you will not have to give any collateral for loan security. You can get the loan in fully hassle free manner. These loans are also free from superfluous and lengthy formalities of paper working. Thus, you can make the most of text payday loans with no trouble and delay.