What is a instant sms loan?
Posted on August 20, 2009
Filed Under Other | Leave a Comment
Instant loans are credits applied for by SMS on a mobile phone, up to a
maximum amount of a few hundred euros. The loan period is at its most a
few weeks.
In Finland and also in the other Nordic countries the instant loan market has expanded greatly since 2005.
There has been a host of both legal and financial problems associated with
instant loans. Compared to conventional credit cards, SMS loans represent
a more challenging form of credit, both for the person in need of a credit,
and also for the authorities. Here you can read more about sms loans.
Comments
Leave a Reply
