Text Loans

In the event of a financial emergency, you might think about ways that you could get money urgently.
Maybe you’ve wondered whether a text loan could be a suitable option for you.
Cashflex is a credit broker. While we don’t work with any lenders who offer text loans, you could use our free service to search for a text loan alternative. The lenders on our panel offer short-term, personal loans from £100 up to £10,000.

Before you search for a text loan…

Before you search for any type of loan, it’s important to stop and think. A loan is a serious financial commitment, and you should carefully consider all the options available to you before you make a decision.

A short-term loan will typically be repaid in monthly instalments, and these payments will include interest. A payday loan is usually required to be repaid in full within a month. You must be certain that you’ll be able to make your repayments on time and should never apply to borrow more money than you need or can afford to repay.

What is a text loan?

As the name suggests, a text loan is a type of loan that can be applied for entirely by text. A text loan could be considered a suitable option for those in need of financial help to cover the cost of an urgent expense, such as an unexpected bill or car repairs that cannot wait.

Where can I find a text loan alternative?

If you need money, it’s worth noting that a text loan is not the only option to consider.
Cashflex is a credit broker, working with a panel of over 30 responsible lenders.
We could help you search for a suitable short-term, personal loan between £100 and £10,000, with repayment terms from 3 to 60 months, depending on the amount of money you apply to borrow.
If approved, your money could be sent today.*

*The time it takes for the money to become available in your account will depend on your bank’s policies and procedures.

Cashflex as a text loan alternative

You’re welcome to use Cashflex to search for a text loan alternative if you:

• Are over the age of 18;
• Are a UK resident;
• Have a UK bank account and valid debit card; and
• Have a regular source of income paid into your bank account.

Any credit score considered.

Can I get a loan on my phone?

Many lenders, including those on the Cashflex panel, offer loans that can be applied for solely online, which can be done using the browser on your phone.
It’s worth bearing in mind that some lenders may require you to attend a branch in person to complete your application.

24/7 text loans

We understand that financial emergencies can happen at any time - that’s why our online application can be completed 24 hours a day, 7 days a week. As previously mentioned, Cashflex do not work with any lenders who offer text loans, however, you can use your phone, laptop, iPad or tablet to search for a loan at a time and place that suits you.

How does the Cashflex process work?

The Cashflex process has been designed to be as straightforward as possible. Our service is free to use, and quotes are no-obligation.

1. Fill out our online form and tell us how much money you need to borrow, and how long you’d like to borrow it for. This stage should take less than 5 minutes.

2. In just 60 seconds, we’ll use soft search technology to scan our panel of lenders for a suitable loan with no impact to your credit score.**

3. If we’re able to match you with a loan, you’ll be redirected to the lender’s website, where you can find out more.

4. Should you decide to make a full application, the lender will carry out an affordability check, which will include either a hard search or Open Banking.

5. If the lender is happy with the outcome of their checks, you’ll be sent a loan agreement, which you should take the time to read through thoroughly before you choose whether to sign and return.

**If you’re matched with a lender and make a full application, you’ll be required to undergo an affordability check, which will include either a hard search or Open Banking. Please be aware that a hard search will remain visible on your credit file for up to 12 months and multiple hard searches within a short period of time could damage your credit score.

No credit check text loans

In the UK, guidelines set by the Financial Conduct Authority (FCA), state that it’s not possible to get any type of loan from a responsible lender without undergoing an affordability check.
Companies or individuals offering ‘no credit check loans’ are unlikely to be operating in-line with FCA requirements. This means that you won’t be protected if something goes wrong.

Before you search or apply for a loan, you should check to see whether the broker or lender appears on the FCA register, which can be found here.
Cashflex, and all the lenders we work with, are authorised and regulated by the FCA.

When will my money be sent?

If approved for a loan, your money could be sent the same day, although each lender will have their own individual payout timescale.
The time it takes for the money to become available in your account will depend on your bank’s policies and procedures.

What happens if I can’t repay my loan?

If you’ve taken out a loan that you can no longer afford to repay, you should get in touch with your lender. Remember, they’re not there to judge your situation, and will instead appreciate the fact that you’ve reached out. They will work with you and discuss any suitable options that may be available to help you navigate this difficult time.

I need help with money; what are my options?

If you’re worried about money and debts, you can access free, confidential advice through sites such as StepChange, MoneyHelper, Citizens Advice, and National Debtline.