TxtLoan
From TxtLoan UK
Summary
Good:
Money in your bank within minutes
Bad:
Extremely high charges if you do not repay the loan
Verdict:
TxtLoan is a new type of lending that is becoming increasingly popular due to it's speed, convenience, affordability and hassle-free application - be aware if you don't pay it back on time there are extra charges
A new concept in personal lending, TxtLoan can provide you with £100-£500 for up to 15 days by simply texting them. If you borrow £100 you will pay back £117.
First time customers can only apply for £100 and will have to sign up register online with TxtLoan. This may involve sending and receiving documents via email or fax. Once you have completed the application form on their website, they will send you an email with a link and a PIN number which you must enter. Complete their 2-stage application form, submit your application and sign their electronic loan agreement. They will then validate your details, inform you by text if you have been accepted and transfer your money straight into your account. Once you have registered, the next time you want to take a loan out, the service is a lot quicker. TxtLoan also credit checks so if your credit is not the best be prepared to send through some documentation proving you can pay the loan back.
Fairly quick and easy, especially if you have already registered. TxtLoan will pay the money out quickly so they are good if you are in a tight spot. It doesn't work out as the cheapest option, with other short-term lenders offering much cheaper terms. You must also make sure that you can pay TxtLoan back in full when you say you can or you will be hit with a lot of charges very quickly as outlined at the bottom of this page. Customer reviews on the internet have outlined the fact that TxtLoan can be quite hard to get hold of sometimes. This can be frustrating especially if you have any problems with payments or you want to change your card details.
How much will it cost to repay a TxtLoan?
Customer Reviews (31)
"Smooth transactions"
K , Scotland
Ive used this company 3 times now and havent had a single problem with them,i feel their rates are pretty good in comparison to some other lenders out there and money is into my account within an hour,its been a godsend to me as i have a very poor credit rating im unable to get loans elsewhere so when my car needed some work done i had to find the money somewhere to keep me on the road to get to work,as other folk have said it is only a temporary measure and dont get into the debt spiral.
Ive used this company 3 times now and havent had a single problem with them,i feel their rates are pretty good in comparison to some other lenders out there and money is into my account within an hour,its been a godsend to me as i have a very poor credit rating im unable to get loans elsewhere so when my car needed some work done i had to find the money somewhere to keep me on the road to get to work,as other folk have said it is only a temporary measure and dont get into the debt spiral.
"Disgusted"
John , Basildon
This company is very deceptive, avoid at all costs. i would not be surprised if the good reviews come from themselves in some form. All they seem to do is register you and sell your credit card details and other details to other usncrupulous companies, you will be bombarded with spam email from loan sharks and they will attempt to take money from your account from a company abroard. Be advised don't under any circumstances get involved iwth these people. As many otheres have desrcibed all that happens when you register is that it tells you for days on end you application is being processed in the meantime they have sold all your details, you will notice by the amount of junk texts and emails you receive and they have no intention of processing your claim legitimately. These sorts of "companies" need to be bracketed in the same catergory as other criminals.
This company is very deceptive, avoid at all costs. i would not be surprised if the good reviews come from themselves in some form. All they seem to do is register you and sell your credit card details and other details to other usncrupulous companies, you will be bombarded with spam email from loan sharks and they will attempt to take money from your account from a company abroard. Be advised don't under any circumstances get involved iwth these people. As many otheres have desrcibed all that happens when you register is that it tells you for days on end you application is being processed in the meantime they have sold all your details, you will notice by the amount of junk texts and emails you receive and they have no intention of processing your claim legitimately. These sorts of "companies" need to be bracketed in the same catergory as other criminals.
"Quick, easy and efficient. Only for emergencies though as with all payday lenders"
C , London
Application was quick, process is simple and repaying early very easy...communication is also very concise. I'd recommend to anyone as a one off, I've used them a few times now but keep your amounts low. As said previously, if you take the higher amounts you do tend to get sucked into a constant spiral or 'living' off a payday loan.
Application was quick, process is simple and repaying early very easy...communication is also very concise. I'd recommend to anyone as a one off, I've used them a few times now but keep your amounts low. As said previously, if you take the higher amounts you do tend to get sucked into a constant spiral or 'living' off a payday loan.
"Great Speedy Service"
John , London
Excellent company , easy to use , good interest rates , no rip offs like most , speedy transaction. Thanks a lot txt loan.co.uk
Excellent company , easy to use , good interest rates , no rip offs like most , speedy transaction. Thanks a lot txt loan.co.uk
"Greedy and deceptive"
Paul , Glasgow
This company have a nice little sideline selling your mobile phone number to anyone willing to pay for it, they even say so in their privacy policy and give NO option to opt out. Use at your own risk unless you want to be bombarded with spam texts forever!
This company have a nice little sideline selling your mobile phone number to anyone willing to pay for it, they even say so in their privacy policy and give NO option to opt out. Use at your own risk unless you want to be bombarded with spam texts forever!
"Told 15 minutes to validate and that was 4 hours ago."
Lou , Clifton
Appaling customer services, applied on line, verified eveything they asked for. That was four hours ago!
Appaling customer services, applied on line, verified eveything they asked for. That was four hours ago!
"absolutley brilliant"
linda , bolton
an absolutley brilliant firm i have had 2 loans off them i never thought that i wouldnt need 1 but after having a few money problems looked up this site and im glad i did i applied sent my documents they wanted and because it got to half past 6 at night i got accepted first thing the next morning and within the hour my money was in my bank account i would definatley recommend this site to anyone having a few problems they have helped me heaps THANKS A MILLION TXTLOAN
an absolutley brilliant firm i have had 2 loans off them i never thought that i wouldnt need 1 but after having a few money problems looked up this site and im glad i did i applied sent my documents they wanted and because it got to half past 6 at night i got accepted first thing the next morning and within the hour my money was in my bank account i would definatley recommend this site to anyone having a few problems they have helped me heaps THANKS A MILLION TXTLOAN
"Does Anyone Have a Contact Tel Number to Actually Speak to a Representative"
Prince , Cheshire
I would be interested to know if anyone can provide a contact telephone number that is actually a person and not automated, as there appears to be no hope to anyone who is not in possession of their mobile phone which is registered to Textloan, to enable them to arrange for repayment of an outstanding loan.
I would be interested to know if anyone can provide a contact telephone number that is actually a person and not automated, as there appears to be no hope to anyone who is not in possession of their mobile phone which is registered to Textloan, to enable them to arrange for repayment of an outstanding loan.
"Fantastic Service"
Sally Smith , London
A delightful company, fast smooth and easy service, unlike others above i have had no problems whatsoever, they operate to the highest standards within the industry and it's my opinion that those who claim they have had money taken from their accounts "without ever having received any loans from txtloan" are simply trying to avoid paying back what they owe! Altogether i would recommend txtloan to sensible people who can actually afford to pay back what they borrow, if you want a quick,fast,efficient service choose txtloan, if you have no intentions of paying it back dont bother applying:-).
A delightful company, fast smooth and easy service, unlike others above i have had no problems whatsoever, they operate to the highest standards within the industry and it's my opinion that those who claim they have had money taken from their accounts "without ever having received any loans from txtloan" are simply trying to avoid paying back what they owe! Altogether i would recommend txtloan to sensible people who can actually afford to pay back what they borrow, if you want a quick,fast,efficient service choose txtloan, if you have no intentions of paying it back dont bother applying:-).
"Terrible"
Joe , Loughborough
Rang txtloan to change my bank details, they told me that my account number was already linked to another client. anyway i rang them shortly afterwards with new details to pay the laon and retake. the woman then said thats fine. she processed the payment it went threw i then asked to retake my loan and she said no i asked why nd told me that my account has now been closed. again i asked why she said she doesnt have to tell me why then hung up. i tried calling back but they had blocked my number. all of this because i tried to change my bank details and they had messed up. now thanks to them i missed my car payment that i was going to pay with the new loan now this morning had to wave bye bye to it as it was lifted on the back of a flatbed.
Rang txtloan to change my bank details, they told me that my account number was already linked to another client. anyway i rang them shortly afterwards with new details to pay the laon and retake. the woman then said thats fine. she processed the payment it went threw i then asked to retake my loan and she said no i asked why nd told me that my account has now been closed. again i asked why she said she doesnt have to tell me why then hung up. i tried calling back but they had blocked my number. all of this because i tried to change my bank details and they had messed up. now thanks to them i missed my car payment that i was going to pay with the new loan now this morning had to wave bye bye to it as it was lifted on the back of a flatbed.
"what the hells going on"
REALLY CONCERNED , Manchester
First I'd heard of this company was when they took £117 out of my bank account rang them up took ages to get through, explained i'd never heard of them and had never used there services the representative said they had my debit card number on file and my name and address where linked to that card number, strangely the money borrowed from them did not go into the account linked to my debit card but into one a different bank although they seemed to think it ok to remove the money from my account ,needless to say my banks FRAUD department is now dealing with it . How safe can this kind of thing be ?
First I'd heard of this company was when they took £117 out of my bank account rang them up took ages to get through, explained i'd never heard of them and had never used there services the representative said they had my debit card number on file and my name and address where linked to that card number, strangely the money borrowed from them did not go into the account linked to my debit card but into one a different bank although they seemed to think it ok to remove the money from my account ,needless to say my banks FRAUD department is now dealing with it . How safe can this kind of thing be ?
"The first I heard of them was from my bank statement"
racmac , Derby
At the moment I'm spittingly angry... at txtloan.co.uk. They've put money into my account without me asking for it!!! I've never even heard of them before I saw their name on my Bank Statement. Really cross. I've sent an email and tried ringing twice but no answer yet. How did they get my details, I want to know?
At the moment I'm spittingly angry... at txtloan.co.uk. They've put money into my account without me asking for it!!! I've never even heard of them before I saw their name on my Bank Statement. Really cross. I've sent an email and tried ringing twice but no answer yet. How did they get my details, I want to know?
"Highly Recommended"
James , Cambridgeshire
Very easy to use. Would highly recommend using this site as they seem to be one of the most easiest and helpful companies around.
Very easy to use. Would highly recommend using this site as they seem to be one of the most easiest and helpful companies around.
"Poor Credit accepted"
Rob , Crawley
I have a very poor credit rating and have struggled to get a pay day loan with several companies including Wonga and QuickQuid. TxtLoans only asked me to prove that I am employed before depositing £100 into my bank account within 15 minutes. The APR isnt brilliant but TxtLoans have got me out of a very sticky financial situation. I would recommend them to anyone needing a short term loan.
I have a very poor credit rating and have struggled to get a pay day loan with several companies including Wonga and QuickQuid. TxtLoans only asked me to prove that I am employed before depositing £100 into my bank account within 15 minutes. The APR isnt brilliant but TxtLoans have got me out of a very sticky financial situation. I would recommend them to anyone needing a short term loan.
"Recommended"
Dave , Glasgow
If you're stuck with using a 'sub-prime lender' TXT Loan is probably among the best as once you actually get through to them, they're pretty good at sorting out any problems - usual series of emails if you miss a payment but ask to speak to an account advisor and they're normally pretty helpful - certainly more patient than some of the bigger high-street lenders and I include the likes of Santander in that category.
If you're stuck with using a 'sub-prime lender' TXT Loan is probably among the best as once you actually get through to them, they're pretty good at sorting out any problems - usual series of emails if you miss a payment but ask to speak to an account advisor and they're normally pretty helpful - certainly more patient than some of the bigger high-street lenders and I include the likes of Santander in that category.
"Simple, fast service"
Alex
Very helpful and easy to use. A great service. Send a text, get good service very quickly. Would recommend highly
Very helpful and easy to use. A great service. Send a text, get good service very quickly. Would recommend highly
"still waiting"
Jon , Manchester
signed up to this service, after they had validated my card my account went to 'pending approval' with the promise of an e-mail and text to let me know either way if i had been accepted or declined, that was 3 days ago....i am still skint!
signed up to this service, after they had validated my card my account went to 'pending approval' with the promise of an e-mail and text to let me know either way if i had been accepted or declined, that was 3 days ago....i am still skint!
"a very big help"
Mark
i have used these people many times when un-expected bills come in and i will continue to use them they are very helpful
i have used these people many times when un-expected bills come in and i will continue to use them they are very helpful
"Quick"
John , Reading
Pretty decent, never got more than a £100 from them, they paid out pretty quick as well. I would recommend them. don't get a Payday loan unless it a real emergency! Use it only if u have no option & if u desperatly need one . They can turn into a horrible cycle of paying back and re-borrowing month in month out!
Pretty decent, never got more than a £100 from them, they paid out pretty quick as well. I would recommend them. don't get a Payday loan unless it a real emergency! Use it only if u have no option & if u desperatly need one . They can turn into a horrible cycle of paying back and re-borrowing month in month out!
"HELPED ME"
Wayne
TX LOANS VERY GOOD SORTED ME OUT WITHIN THE HOUR
TX LOANS VERY GOOD SORTED ME OUT WITHIN THE HOUR
"great"
jessica , oldham
Your reviewi think there great basiclly i just needed extra money for one week i shall be paying back the loan next time im paid which is less than 15 days i shall use them again i have no doubts about that i got the money within mins
Your reviewi think there great basiclly i just needed extra money for one week i shall be paying back the loan next time im paid which is less than 15 days i shall use them again i have no doubts about that i got the money within mins
"CRAP"
Ben , Manchester
I found the customer service to be really rubbish, called several times to receive an engaged tone. a little amateur but fine. Then, when I finally got through was placed in a queuing system which kept me waiting for several mins (around 6 mins) before disconnecting me, this happened several times. I attempted to use their online chat feature, however the rep who I spoke, responded to initial chat, then refused (or was unable to) answer any messages afterwards. I sent an email through their form, but received no confirmation of sending and am now seriously questioning their professionalism.
I found the customer service to be really rubbish, called several times to receive an engaged tone. a little amateur but fine. Then, when I finally got through was placed in a queuing system which kept me waiting for several mins (around 6 mins) before disconnecting me, this happened several times. I attempted to use their online chat feature, however the rep who I spoke, responded to initial chat, then refused (or was unable to) answer any messages afterwards. I sent an email through their form, but received no confirmation of sending and am now seriously questioning their professionalism.
"Brilliant"
Julie , Nottingham
I cannot fault this company in any way. Whenever I have needed cash in emergency, they have always been there for my needs! The application process is very simple and faultless. One click on the internet or one text message and you are there. The rates are good too. When I have experienced a glitch, they have responded and understood my needs (take note Minicredit) I would recommend that anybody who falls short and can pay back in 14 days, uses this company. Wonga is a complete rip-off and Minicredit have poor customer service and are also a rip-off.
I cannot fault this company in any way. Whenever I have needed cash in emergency, they have always been there for my needs! The application process is very simple and faultless. One click on the internet or one text message and you are there. The rates are good too. When I have experienced a glitch, they have responded and understood my needs (take note Minicredit) I would recommend that anybody who falls short and can pay back in 14 days, uses this company. Wonga is a complete rip-off and Minicredit have poor customer service and are also a rip-off.
"Helped me"
dave , bristol
Best customer service ever, really fast service, no hassle
Best customer service ever, really fast service, no hassle
"lee"
Lee
great
great
"Textloan vs Wonga"
Cynthia , Southampton
I was using Wonga before but got fed up with their greediness. Txtloan on the other hand are from different planet to likes of Wonga and other greedy short-term lenders out there. Txtloan customer support is very helpful, although occasionally difficult to get through over the phone. For instance, last month I lost my card and as soon as I informed them they froze all interest payments until my new card was delivered. Paid £10 in total although it took me nearly three times longer to pay than originally agreed. Have recommended to few friends and none have complained. Fingers crossed.
I was using Wonga before but got fed up with their greediness. Txtloan on the other hand are from different planet to likes of Wonga and other greedy short-term lenders out there. Txtloan customer support is very helpful, although occasionally difficult to get through over the phone. For instance, last month I lost my card and as soon as I informed them they froze all interest payments until my new card was delivered. Paid £10 in total although it took me nearly three times longer to pay than originally agreed. Have recommended to few friends and none have complained. Fingers crossed.
"On benefits can also use it, it's great!"
Michael , London
I am receiving health benefits and sometimes is it very difficult to get through the month with that money. I have tried to get short term loans from several companies, but many lenders do not want to help out people on benefits. From this point txt loan is great. They only asked me how much I get as benefits (their minimum is £400). I have always paid them back on time and I had never had any problems so far. I can recommend this company especially to the people that are on benefits that are short of cash and need short term financial aid.
I am receiving health benefits and sometimes is it very difficult to get through the month with that money. I have tried to get short term loans from several companies, but many lenders do not want to help out people on benefits. From this point txt loan is great. They only asked me how much I get as benefits (their minimum is £400). I have always paid them back on time and I had never had any problems so far. I can recommend this company especially to the people that are on benefits that are short of cash and need short term financial aid.
"Great!"
Goodie , York
I have used txtloans several times, and they have always come up trumps for my emergency cash needs. Being self-employed limits the possibilities, but txtloan is really good!
I have used txtloans several times, and they have always come up trumps for my emergency cash needs. Being self-employed limits the possibilities, but txtloan is really good!
"Really good service"
Angelique , Choppington
I have borrowed off this lender and they are exceptional. Their customer service team are polite and I have no problems what so ever with them. I recently became a new father and my pay was not put into my account as usual. I was due to pay my loan back. 3 days prior to the day I did and they understood my circumstances and did not add any further costs. I am now a VIP customer and am still using there services....... thanks txt loan.. Mr Robinson
I have borrowed off this lender and they are exceptional. Their customer service team are polite and I have no problems what so ever with them. I recently became a new father and my pay was not put into my account as usual. I was due to pay my loan back. 3 days prior to the day I did and they understood my circumstances and did not add any further costs. I am now a VIP customer and am still using there services....... thanks txt loan.. Mr Robinson
"I am impressed by TxtLoan"
Peter , London
Hi. Just wanted to say how impressed I am with this amazing service. First I signed up and it took about a day or little less to get account approved, but if applied the second time and got the money in minutes. Great work you people, keep it up. Good thing is also that the account will be active for 3 months and even if I don't use their services immediately, I will get money instantly when you need it the most. It has been so quick and handy to set up the account and the funds are pretty much instantly available! It really is second to none, and I shall certainly be telling all my friends and work colleagues about this. Many thanks!
Hi. Just wanted to say how impressed I am with this amazing service. First I signed up and it took about a day or little less to get account approved, but if applied the second time and got the money in minutes. Great work you people, keep it up. Good thing is also that the account will be active for 3 months and even if I don't use their services immediately, I will get money instantly when you need it the most. It has been so quick and handy to set up the account and the funds are pretty much instantly available! It really is second to none, and I shall certainly be telling all my friends and work colleagues about this. Many thanks!
"Best customer support, good value for money"
Dan , Peterborough
TxtLoan seem to be quite strict of whom they lend (asked me electronically first time many documents, inc. latest bank statement) but have to admit that it does exactly what it says on the tin. One text message and money is on my account usually within few of minutes. Costs 10% of £100 borrowed and customer support is friendly :)
TxtLoan seem to be quite strict of whom they lend (asked me electronically first time many documents, inc. latest bank statement) but have to admit that it does exactly what it says on the tin. One text message and money is on my account usually within few of minutes. Costs 10% of £100 borrowed and customer support is friendly :)
Help other customers - write a review
Loan Details
Representative APR
4474%
Loan Amount
£100 - £500
Repayment Period
Minimum Term 1 day
Loans for new customers up to £100 - 15 days
Loans for existing customers up to £500 - 15 days
Loans for new customers up to £100 - 15 days
Loans for existing customers up to £500 - 15 days
Repayment Method
Transferred into your bank account
Speed to Payout
Within minutes (f your bank has fast transfer)
3 working days if not
3 working days if not
Arrangement Fee
-
Payment Holidays
None Available
Income Protection Available
No
Average Customer Review
Acceptance Criteria
- You need to be living in the UK
- You need to have a mobile phone number
- You need to have an email address
- You need to be able to repay your loan on your due date
- Minimum of £400 income per month
- You need to have a UK bank account with an active debit card
- You may need to provide bank statements as additional information
Charges
Other Fees
- Validation Fee - £1.00
Late Payment Fees
- Day 17 Administration Fee - £25.00
- Day 27 Administration Fee - £25.00
- Day 46 Collection Partner Charge - £47.00
- Interest charged per day - £1.13
- After 46 days the loan total will be - £247.00
Early Settlement Fees
- None
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