It's that easy to take out a loan
borrowing via text messages

Concerns Over SMS Loans

It's payback time after the height of the economic crisis that has shaken the world.

But for some of the Swedes that turned to taking out loans using text messages, or SMS’s from their cellphones to bridge their financial gap, it has proven too costly.

The number of unpaid SMS loans soared in 2009 - it's a market which has largely been unregulated in Sweden.

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