Text Loans.

We are here for you.

Fast affordable online loans for bad credit scores.

100% secure online application process

Money can be sent in just 15 minutes#

Applying does not affect your credit rating

Thousands of loans found every month

Representative APR 49.9%

Representative Example: Borrowing: £1200 for 18 months, Total Repayable: £1628.28, Total Interest: £428.28, Interest Rate (Variable): 49.9%. Rates between 9.3% APR to Maximum 1294% APR

The Money Shop is a registered trading name of New Horizons Finance Limited, which is an Introducer Appointed Representative of Flux Funding Limited, who are a credit broker not a lender. Loan repayment terms are between 3 and 36 months.

Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk.

Text loans and our alternative.

A text loan is a small loan that you borrow by sending a text. This type of loan falls into the category of an unsecured loan and generally does not require a guarantor. If you find yourself in an emergency financial situation, a text loan could be a good option for you. After all, a text loan is undoubtedly a quick way to request a loan. However, you will still need to go through an application process, and text loans aren’t generally suitable for people in long-term debt.

If you’re looking for a suitable alternative to a text loan, there are many options you could consider. At The Money Shop, we make it simple and convenient to request a short-term loan with instant decisions.

Ready to search for your loan?

Get Your Quote

Am I eligible for a text loan?

The only true way you can find out whether you’re eligible for a text loan is to apply for one. With this said, there are some things you can assess to predict the likeliness of being accepted for a text loan. Like all other loan types, a lender will only approve a text loan if you can demonstrate affordability. This means presenting information that details your income and previous credit history.

If you attempt to take out a loan multiple times with regular rejections, this information will be stored on your credit file and could negatively impact the long-term. So, it would be best to keep this in mind as it can impact your ability to borrow money in the future.

Your questions, answered

Usually, a text loan is a short-term amount of cash to see you through until payday. Therefore, you can borrow anything between £50 to £5,000, depending on your income.

Fees are dependent from lender to lender. If you are looking for a text loan with no fees, you can certainly find options right here at The Money Shop.

Text loans are completely safe; in fact, they’re just like regular loans. The only difference is that you apply for this kind of loan by sending a text to the lender. By sending a text, you will begin the application process.

There are several alternatives to text loans that will also give instant decisions:

Short term loan
You could consider taking out a short-term loan with The Money Shop. As the name suggests, a short-term loan is a loan taken out over a short period. As with all loans, when you borrow money, you will be charged interest. For example, you may borrow £4,000 and choose to repay the money over six months. This means you’ll repay the £4,000 over six months with interest charges.

Credit cards
For those that want to avoid shorter-term loans, a credit card can also be another suitable option. Depending on your current employment situation, you may be eligible to take out a credit card with a higher limit. However, if it is your first-time borrowing money, you’ll most likely be restricted to a smaller credit limit, to begin with. Once you have proved that you can make the repayments on time and are responsible, your credit limit will increase.

Debt consolidation
If you have more than one debt, a consolidation loan can help you better manage repayments. Essentially, this type of loan is used exclusively to pay off other debts. The loan amount you take out could be higher than your debts when you factor in interest rates, so it’s always a good idea to review the terms and conditions before applying.

Borrow from a friend or family member
Borrowing money from a trusted person can be a good substitute for a loan, especially if you have a solid relationship with them. We always recommend thinking through the possible consequences should you fail to keep up the agreed terms.

If you have a poor credit history, you could be rejected for some types of loan. At The Money Shop, we make it easy to apply for a loan, and we give you an instant decision from our market-leading panel of lenders. Several factors will determine your eligibility for a loan with us:

  • Your credit history.
  • Your employment status.
  • How much you wish to borrow.
  • How long you want to borrow the money for.
  • Your affordability.

Even when you consider all the information above, the only way you can find out if you’re eligible for a loan is to apply. However, eligibility is on an individual basis. We cannot guarantee you will be approved for your loan application without checking the information on your credit file. Therefore, if you have suspicions that your credit score is already low or if you’ve been rejected for a loan recently, we advise you do not apply for a loan with us and take some time to build up your credit score before applying again.

If you have been rejected for a loan, you’ll likely be thinking about your next steps. The good news is, even if you cannot take out a loan right now, you may be able to in the future. Building your credit score so that it is healthy is important. You can slowly build your credit score by taking out a phone contract, for example, or getting a credit building card.

We offer a range of loans for customers that are struggling with finances. At The Money Shop, you can apply for a loan with a same-day decision. We make it as straightforward as possible to apply for a short-term loan with our simple application process. No matter whether you want to borrow £200 or £2,000, we have options for everyone. When you apply for a loan with us, our lenders will provide you with an instant decision, so you never have to wait around. That’s because we understand just how important it is to receive help at the right time.

When you apply for a short-term loan with The Money Shop, we help you decide on a flexible repayment plan that works for you. You can choose to borrow anything between £50 and £5,000 over a time that suits you. As a trusted broker authorised and regulated by the Financial Conduct Authority (FCA), we will never charge you hidden fees. You can set up a repayment schedule that works for you. Whether you want to repay the money over 3 months or 36 months, our lenders consider everyone’s circumstances.

Do you want to begin your loan application process today? If you’re looking to borrow money, The Money Shop could be the perfect answer. Our panel of lenders offer a range of different loans to our customers, depending on personal circumstances.

If you’re ready to begin the loan application process, we’re here to guide you through every step. Our simple loan application process requires some basic information to get started. We’ll want to know a little bit about you and your income so that our lenders can assess your affordability to make the repayments. Of course, we consider those who have had trouble borrowing money in the past, but it is dependent on your credit history.

Follow the steps online to get a loan with The Money Shop. We’ll provide you with an instant decision on the same day.

Are you still looking for more information on the types of loans we offer? You can check out our other articles on the loans we provide and how each of them works. If you still have any questions or queries, our friendly team is happy to help.

offer customers access to fantastic short-term loans, allowing you to borrow anything from £50 to £5,000. We will request some information from you to assess whether one of our lenders could help with your needs.