London, United Kingdom (PressExposure) January 14, 2009 -- 24/7 Moneybox, who specialise in providing fast payday loans to clients, discuss the benefits and impacts that text loans are having on the instant loans marketplace.
Text loans have seen massive interest from consumers and loan companies alike in the last year due to the ease the service offers in applying for fast loans. Text loans are especially handy for emergency situations when people need a fast cash boost. They can text the service they are registered with; varying services will require you provide them with the amount of money you will need and the due dates of repayment.
24/7 Moneybox themselves provide such a service, with registered clients able to text commands to the company to secure a quick loan. Messages cost Â£1 plus the standard network rate. Clients to the service will have to text 'LOAN' plus their personal pin, the loan they require and the date of next month's payday. Other services available via text message include finding out the status of ongoing applications, and loan repayments and extensions.
"It's great to see text loans becoming more widely recognised. It's a natural progression for the industry to take because of the ease in which it can help customers secure instant payday loans," states James White of 24/7 Moneybox. "Virtually everybody has a phone, not just for social purposes, but in case of an emergency and having a loan company at the end of a text message to grant you a fast and secure loan is wonderful to have in your front pocket."
To find out more about 24/7 Moneybox visit: http://www.247Moneybox.com or call 0871 423 8247 (Calls to this number are charged at 10p per minute from BT landlines, mobiles and other providers may vary).