SMS loan interest rates are high One problem

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Also, the way these loans were advertised was false. The advertisements told customers that they could get a small loan instantly without a credit assessment by the lender. This is a direct violation of the Norwegian legislation which requires credit providers or banks to conduct a credit assessment on every applicant.



SMS loan interest rates are high One problem that people who belgium business fax list these loans quickly discovered was that their interest rates were too high. Most unsecured loans (i.e. unsecured loans) usually have high interest rates. However, compared to other unsecured credit, SMS loans are very expensive.



Furthermore, if you default on your payments, you may quickly find yourself in debt. In this case, interest can quickly accumulate and can become a big problem. This is one of the reasons why the authorities restrict this type of loan. Credit Application Mobile phone loan fees As we said, SMS loans do not exist and have been replaced by mobile loans.