When instant credits were available in Lithuania, the biggest innovation was not that they could be borrowed online. The biggest innovation was sms credits. It was an unprecedented proposal. Until then, getting a loan required crossing the road. They had to find an offer, gather the necessary documents from various institutions, deliver everything to the bank and wait for the bank to respond. Even the fastest person could take a whole week to at least hear the initial answer. And the latter was not always positive!
In these circumstances
Sms loans appeared which allowed the loan process to be accelerated to the maximum. And that peak is already well-known and commonplace today – 15 minutes. In some cases, credit could also be given over the phone in just minutes. Be that as it may, it was something nobody in Lithuania had seen before. In a sense, it was a real loan revolution that meant that people’s borrowing habits would change dramatically. And they have changed.
Over time, the situation began to change slightly. Lithuanian Financial Market Supervision Authorities have begun to monitor the issuers of quick loans more closely. The result is a series of laws that restrict the granting of such credits. First it was decided that loans to the unemployed could no longer be granted. After that, other requirements were introduced. Lenders could no longer lend on their own internal processes. Now the information had to be checked with official, state-owned information channels and databases. All of this was aimed at reducing the growing number of indebted people and eliminating access to high-risk social groups (who are unlikely to be able to repay their loans on time).
However, the issue of sms credits still remains, as their popularity has not disappeared anywhere. The question is very simple: can sms credits be offered today as cheaply and quickly as before?
Cheapest sms credits in 15 minutes
The short answer is – yes. But things are no longer as simple as they used to be. In the past, as we mentioned, virtually anyone could get instant credit in just minutes. And today the situation has changed quite dramatically (as we discussed in the previous paragraphs). However, if you meet a few important criteria – get a steady income and have a job – then cheap sms credit may be available to you.
There are two companies that offer instant credit loans that have been doing this right from the start of instant loans. These are the aforementioned sms credit. These are, but are not limited to, the major companies that provide credit via SMS. You can also find online loan or loan refinancing offers on these lenders’ websites. However, their main area of activity is sms credits.
You may also notice this in their minimum borrowing amounts
Which are among the lowest in the market. As is the case with companies offering such credits. You can borrow from these companies for as little as $ 50. Make no mistake, though – not only are borrowing amounts low but interest rates too. In addition, both lenders often offer various promotions. Even now, both are almost the only lenders to offer your first instant credit for free! This is especially true when borrowing on the phone when you usually want to borrow only a small amount of money.
But always remember that regardless of everything, you have to check the interest yourself. Never blindly trust any information until you verify it yourself. The same applies to the information provided on the pages of the credit companies themselves. Sometimes different terms written in small letters can mean significant changes in the end result, so be careful when borrowing sms credit.