Credit check of borrower in text loans means verification of
previous loan repayment history of the loan applicant. If it is found that in
past the applicant is defaulter in loan repayment then current loan application
may be rejected by the lender. So it is always advised to the borrower that
they should go for payday loan up to that extent for which they can repay in
due course of time. If borrower does not repay loan as per schedule given by
the lender then in many cases money lender impose a penalty with the increased
rate of interest.
previous loan repayment history of the loan applicant. If it is found that in
past the applicant is defaulter in loan repayment then current loan application
may be rejected by the lender. So it is always advised to the borrower that
they should go for payday loan up to that extent for which they can repay in
due course of time. If borrower does not repay loan as per schedule given by
the lender then in many cases money lender impose a penalty with the increased
rate of interest.
So for defaulter borrowers it is quite difficult to get a fresh text
loan of course some lender may grant text loans no credit checks for small
amount.
