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SMS Credit – Fast and Easy

Nowadays, as technology continues to evolve and people are increasingly looking for new ways and ways to make different activities easier and easier, and how to make life easier, businesses in all spheres need to evolve with technology and the opportunities they bring.

 

Lenders in the non-banking sector

Lenders in the non-banking sector

They have responded and understood what is needed by a modern person by offering a credit using only a text message application. SMS credit, like all fast credit services, has all the quality that every modern person is looking for – speed, convenience and simplicity. All that is needed to get this loan is a mobile phone, its operator’s network coverage and a little time to register. The existence of these features has made this type of lending one of the most popular forms of borrowing funds.

As always, demand generates supply, so more and more non-bank creditors, in addition to existing services, also offer a text message loan option, creating competition that always affects the consumer. However, in the area of ​​non-bank lending, the consumer only benefits if it is reasonable to deal with the loan provided – if you act wisely and carelessly, damage your credit history by becoming a loser, as it has also damaged all the possibilities of obtaining a loan on favorable terms in the future.

A loan for a text message, like any other loan, must be borrowed responsibly and prudently, assessing its personal ability to repay it in a timely and complete manner.

 

What is SMS Credit?

What is SMS Credit?

  • This is one of the types of non-bank creditor loans , or, more specifically, loan application and acquisition forms. Namely, people have the opportunity to apply for credit not only by directly visiting the branch of the selected creditor or by sending an application on the Internet, but also by means of a mobile phone, by sending a message of the number indicated by the lender. Applying for an SMS credit is done using the application in the form of a text message, which includes both letters and numbers, indicating the desired loan amount, repayment term and personal password. The encoded application is analyzed and decided on granting or not granting the loan, after a short period of time including it in the requester’s bank account.
  • This loan is issued within 10 to 60 minutes of sending the application text message, and this time is determined by each creditor individually.
  • Its amount, depending on the creditor’s terms, may range from EUR 1 to EUR 1500 .
  • Its repayment term, like the repayment period for all quick loans, is on average 30 days . It is also possible to extend the loan repayment term by mutual agreement with the lender.

 

What are the prerequisites for the loan applicant?

What are the prerequisites for the loan applicant?

  • Criteria to be met by potential customers are determined by each creditor individually, based on the company’s philosophy, its personal and crediting experience. Depending on the terms of each creditor, the prospective client:
    • Must be a citizen of the Republic of Latvia or at least a resident;
    • Must be between 20 and 75 years old ;
    • There must be an active telephone and bank account number with at least one euro cent in the account activation account;
    • There must be sufficient and regular income ;
    • No bad credit history ;
    • It is not desirable to use a loan to cover other loans .

 

How to apply for this loan?

How to apply for this loan?

  • In order to qualify for the prominent features of an SMS loan, unfortunately, a little bit of time has to be paid at the beginning, after which the person has every opportunity to stand for credit at any time and anywhere, only by sending a message to the creditor. You will no longer have to register in the future if you need it again, but just send the message to the particular creditor. If you have changed your thoughts over time and want to use the services of another lender, the registration will have to be repeated on the new lender’s website. Registration is only possible online or online, so if your computer or mobile phone no Internet connection, to register for this loan will not be possible.
    • Find the web page of the lenders of text messages or use our non-bank creditor comparison tables and compare the information available.
    • Once you have chosen the most suitable creditor and service for your needs and needs, find the website where you can register . When registering, you will normally need to provide personal information such as your name, surname, personal identity number, bank account number, possibly the amount of monthly income for solvency assessment, and contact information such as your email address and phone number.
    • When you have completed the above steps, wait for the registration number you enter on your website to be sent to the phone number you entered, to confirm your identity and registration.
    • Once you have entered the registration code, send the bank account activation fee indicated by the creditor, which is usually no more than EUR 0.01. By sending this amount to the lender, you first activate your profile and the opportunity to receive an SMS loan, and secondly, the creditor specifies and approves your bank account number, which may have been entered incorrectly during manual registration.
    • When you have sent the creditor an activation fee of 0.01 euro cents, wait a while until it confirms your bank account.
    • If you have fulfilled all the above conditions, you can send a SMS credit request message to the phone number specified by the particular lender. As mentioned earlier, the application message usually consists of specific letters and numbers, the combination of which encodes the amount of the desired loan and the repayment term, as well as your password. It should be remembered that sending a text message to a creditor is also free of charge, so if you are a prepaid card holder, make sure that your card’s funds allow it each time you submit your application.
    • Wait a few minutes for your bank account to be credited with the funds you have allocated.
    • Handle a loan with your own liking, but do not lose vigilance or forget about its full and timely repayment !

 

What are the advantages of this loan over other types of loan?

What are the advantages of this loan over other types of loan?

  • You can receive an SMS credit at any time from anywhere in the world from which you can send a text message, that is, the coverage of an operator’s network, the so-called reception area;
  • It does not require an internet connection except for the moment of registration;
  • This loan is one message away , which greatly increases its availability and convenience;
  • It goes to the person’s bank account in just a few minutes ;
  • It is possible to extend the repayment term ;
  • By timely and full credit commitment to a particular lender, it can always increase your credit limit , which allows you to borrow an ever-increasing amount of loan each time.

Regardless of the positive benefits of any loan, including SMS credit, always be aware of and remember the credit risk. First, evaluate whether you really need financial resources from lenders, and secondly, be responsible and make a loan repayment on a regular basis and in full!

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