Sms credit made even easier! SMS credit is a short term loan, you can get it by sending a credit request from your mobile phone via text message. The amount of credit granted by the lender company in case of acceptance will be transferred to your bank account shortly. Remember that sms loan requires no pledge, no guarantor or income statement.

The age of the population for a sms loan must be between the ages of 18 and 70, of course, depending on the lender company. Credit amounts fluctuate, but are mostly up to $ 300. Remember, if you have already taken one quick loan and another one at the same company before repayment, you will not be able to get any exceptions, of course, depending on the credit company on a case by case basis. SMS loans are loans with a maturity of up to one month, but if you are unable to pay when you fall due, you need to extend the term. Loan amounts and maturities vary with interest rates. It is important to note that when borrowing with sms credit the service fee is calculated and added to your loan. Thanks to the competition in the fast credit market, companies are offering various privileges that should be enjoyed, such as the first free sms credit. What does the first free loan mean? This means that right now you can borrow money for the first time without paying interest, which is how much you have to borrow.

 

You do not need any documents to get an SMS loan

You do not need any documents to get an SMS loan

just an active mobile phone and a bank account in one of the Latvian banks. In order to receive a sms credit, you need to register by phone or on the lender’s website (usually personal identification number, mobile phone number, email and password, and be sure to agree to the lender’s terms and conditions) and only register once. Filling in the required information you will see a specific payment schedule, interest on the loan. After submitting the requested information, you must transfer a certain amount of money from your bank account (about one cent, the amount may vary from company offerings) to the lender’s account, this amount will serve as confirmation to the lender that there is no obstacle to receiving sms credit on your the bank account you specify. Here are a few options, one option, to sign in to your preferred lender’s website and approve the quick loan. The second option is to send an SMS (text message) from your mobile phone with confirmation (you will find all the necessary information on the lender’s website). There is another way for lazy people to call the lender’s company and do all the formalities over the phone. Within a few minutes you will receive a text message with a reply. If the loan is accepted, the money will soon be in the bank account indicated. If the lending company bank is different from yours, the money will only be available in your bank account in a few hours or even the next day.

Every credit must be returned, including this quick credit. If you give it back in time, usually the next time you need it, there will be more favorable terms. The leasing company will remind you by the end of the loan period so that you do not accidentally forget to pay the loan. If you are unable to return within the time limit, you may have to defer payment of the loan. The lender’s website shows you how much this service costs, and then you have to credit the lender’s account with an extension and the credit will be deferred. However, keep in mind that the credit extension must be done before the due date of the loan and the successful extension of the credit will be notified by SMS to your mobile phone. The loan repayment can be extended as many times as you wish, as long as you do not violate the terms of the loan agreement of the lender company. The renewal fee depends on the amount of credit.

 

Annual interest rate GPL

Annual interest rate GPL

The annual percentage rate of charge is the total cost of the loan. They are expressed as an annual percentage of the total amount of credit, including the Loan Grant, excluding any total cost of the credit due to the Lender for any default under the Loan Agreement, calculated in accordance with the Cabinet of Ministers Regulations on Consumer Lending, as set forth in the Special Terms. An example of an annual interest rate calculation is: Credit amount: $ 100.00, Credit fee: $ 10.00, Registration fee: $ 0.01, Credit term: 30 days. GPL = 219.2%. The total amount to be paid on the loan repayment term is 110.01 $. The Website contains GPL limits, the exact GPL for a particular amount of money and the credit company concerned can be found on its website or by contacting the credit company in person.

Penalties or costs of delay

Penalties or costs of delay

Fast credit for late payment requires a penalty ranging from 0.75% to 1% of the total amount of late payments for each day of delay. Some lenders charge money for a reminder letter and / or a one-time penalty payment in addition to the penalty payment if the credit is overdue. The exact cost of the delay can be found on each lender’s website, in the terms of the contract and / or by contacting the lender personally. Remember that failure to make payments can cause you serious problems and affect your credit history and make it more difficult to obtain a new loan, and in the event of default, the lender may initiate debt recovery proceedings or assign claims to third parties.

 

Borrow responsibly!

Borrow responsibly!

SMS credit will come in handy if you have a few days left to pay, but you are short of money for a very good bargain, as discounts are in store today but may not be tomorrow. This kind of sms loan will definitely not suit you if you want to cover some other long term liabilities or borrow money without knowing how to repay it. So borrow responsibly!

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