Every second person has a cell phone today. It is one of the most convenient means of communication. Now days, financial dealings and their procedures can be done via a text message. 100 text loans are gaining popularity very fast in the financial market.
Lenders have introduced 100 text loans to make availability of loans easier. It is a stress free way of obtaining a small amount of cash at a high rate of interest due to its short term feature. The amount that is sanctioned to the applicants is a maximum amount of 100 for miniature tenure of 7 days.
Individuals with a bad credit background are permitted to avail this finance also, since under this application no credit checks are conducted. Hence, defaults, bankruptcies, late payments and even arrears cannot stop a borrower from availing 100 text loans.
The text message process is as follows:
First, the borrower texts the particular lender to borrow some cash.
You have to mention the loan amount and the time needed to repay the amount.
You have to provide some important personal information online for the lending company to register you as a loan applicant.
After verification the lender will send you an email with your PIN number.
After which you can avail the money effectively.
There are some criteria which have to be fulfilled in order to pass as an eligible applicant. The borrower should be above 18 years of age and should be a domicile of UK. He/she should be a earning a stable pay of not less than 1000. The borrower should possess a cell phone and an e-mail account.
The online prospect is the cheapest source of availing this fund. You do not have to make any long trips to banks for wanting such a small deal of money. This process involves no documentation at all and also does not include any risks for the applicants since no security is attached.