Payday loans are an increasingly popular way of getting small amounts of cash fast. These loans are unsecured short term loans where you borrow a small amount of money that you repay, plus interest. Payday loans are designed for those unplanned expenses that can sometimes sneak up on anyone. It might be that you need to make an urgent home or car repair, you have an unexpected bill or you just need some cash to make ends meet before your next payday. These loans are very accessible and very popular. Not only are they easy to get hold of and very quick but people with a poor credit rating can still apply. There are several different types of payday loans, and text payday loans are one of them. You might not be able to borrow as much with a text payday loans as opposed to other types of payday loans but text payday loans are much faster and are free to register.
With a text payday loan, all you have to do with many of the lenders offering text payday loans is sign up once. You do not have to fax any documents, speak to anyone of the phone or visit an office. After registering you will receive a personal identification number that will be your password. To request a loan all you have to do is send the lender a text and you can receive the cash advance in your account within minutes, usually in fifteen minutes. You usually have to be over 18, have a UK bank account and can demonstrate employment or regular income.