Welcome to Txt4Dosh
Here at Txt4Dosh we like to make things as clear and as simple as possible and also provide an excellent service for our clients.
Our aim is to get you the finance that you require as fast as possible and with the minimum of fuss. Listed below is a host of information regarding borrowing money, but fundamentally all you need to know is that you will typically be charged £29.95 for every £100 that you borrow - so if you borrow £100 you will have to pay back £129.95. That's it - no hidden set up charges or hidden fees.
Simply complete the form below - it only takes a couple of minutes.
Some payday lenders may restrict the amount you can borrow to a maximum of £500 the first time that you take out a loan with them, so please be aware that you may not be offered the amount that you have applied for.
Complete The Secure Form Below To Access Multiple Lenders NOW!
As a condition of extending credit, some lenders you may be matched with may run a credit check from a major credit reporting bureau.
Payday loans are intended as a short term loan to help deal with an unforeseen situation and should be repaid in full when you next get paid. Failing to repay the loan in full when it is due is likely to cause you further financial problems and means you will incur further charges. For this reason it is important that you only borrow what you can afford to repay. To qualify you will need to be UK resident aged 18 or over and employed.
Our lenders understand there can be times when you are unable to repay your loan in full when it is due. If you find yourself in this situation the lenders will normally consider giving you an extension of the loan. However, before they do the will need to assess whether offering an extension will adversely affect your financial situation.
You will need to discuss this with your lender as soon as you are aware that you will not be able to repay the loan. If they agree to roll your loan over, you will only be required to repay the interest. The original amount borrowed will be 'rolled over' into a new loan which you will need to repay when you next get paid. Extensions, partial payment and early payoff requests must normally be received at least three working days before you are due to repay the loan.
Responsible Lending Policy
Our lenders do:
- Offer short term loans focused to the borrowing needs of their applicants
- Assess that applicants can afford a loan, and will be able to repay them
- Provide clear, transparent customer contracts and communications
- Treat customers in a helpful, polite manner and deliver excellent standards of service
- Maintain above average levels of customer satisfaction
Our lenders do not:
- Target people with debt issues
- Lend to people who they believe are unable to repay
- Deal with customers if their personal details are unable to be verified
Payday Loan Charges
Payday loans carry a fixed flat rate fee - it is as simple as that. There are no hidden charges but some of our lenders charge a fee for administration. The cost of credit is generally around 29.95% for a 30 day loan so if you borrow £100 you will repay £129.95. You can borrow from £50 to £1,000, however some of our lenders will restrict the amount you can borrow to a maximum of £500 the first time that you take out a loan with them. As such even if your application is approved by a lender you may not actually qualify for the amount that you have applied for.
Please note that we deal with multiple lenders, whose interest charges and administration costs may vary. If your application is approved by one of our lenders, the actual costs will be presented to you when you are redirected to the lender's website to complete the application process.
|You Borrow||Total Amount Repayable|
The table above and the example below are for illustration purposes only, because the actual costs and charges will vary from lender to lender.
Once your application is accepted by a lender you will be redirected to their website to complete the application. The actual costs and also any charges (if applicable) will be illustrated to you. Make sure you are fully aware of exactly how much your loan will cost you before you agree to it!
Representative 2949% APR
Based on a total loan of £750 for a period of 28 days at a fixed rate of £29.95 per £100 borrowed (which is a fixed annual interest rate of 359.40%), the total amount payable in one lump sum payment on your next pay day would be £974.63 and the representative APR would be 2949% APR. At first glance the APR for payday loans might look quite high. It must, however, be noted that an APR, or Annual Percentage Rate, is the interest accrued in a year. As most payday loans run for a period of 31 days, this can be quite confusing and misleading. As mentioned before, the actual interest is 29.95%. An APR is a useful way to compare loans that are alike, but it is not quite so useful when comparing products that are not.
The following table illustrates this:-
|Type of loan||Amount||No. Of Repayments||Total Cost||APR||Actual Interest Charged|
As you can see from this table the APR for the two instalment loans is the same. However, you will notice that the interest repaid as a percentage of the loan is significantly different. The payday loan costs less even with the higher APR
Have you arrived at this site as a result of receiving an unsolicited text message?
We respect your privacy and never knowingly market without permission. If you would like to remove your mobile number from any future marketing please send an email to email@example.com detailing your mobile number and we will ensure that you are removed from any further marketing.
2949% APR Representative
Based on a total loan of £275 for a period of 28 days at a fixed rate of £29.95 per £100 borrowed (which is a fixed annual interest rate of 359.40%), the total amount payable in one lump sum payment on your next pay day would be £357.36. Interest £82.36. Representative APR 2949% APR.
* Check with your bank to see if they will accept Faster Payments; some banks can take as long as 3 working days to clear the funds. Applications must be received by 1530 and completed by 1700 for your money to be transferred today!
© Copyright 2014 Txt4Dosh is a trading name of Inter Financial Limited, Mont Crevelt House, Bulwer Avenue, St Sampson, Guernsey GY2 4LH. Consumer credit licence number 0625509 Company number 47014. Inter Financial Limited is not a bank or lender of any kind, we are a licensed credit broker and intermediary. Inter Financial does not charge any fees for its service, We will receive a commission from the partner your application is allocated to on completion of your loan. Some of our partners may charge you a fee, as such you should make sure you are aware of any fees before you decide to proceed with them.