Jason Rathman
Written by Jason Rathman

Jason writes about all financial topics such as loans, debt solutions, and bankruptcy. He is an expert when it comes to subjects like APR, loan fine print, debt collection laws within the United States. With his in-depth knowledge of all things financial, he is a great asset to Greendayonline.

Advance Financial offers online FLEX Loans in all 50 states of the United States, allowing consumers to take out money when they need it and pay it back at a fair rate. As a loan company, they provide their customers with various loan options such as lines of credit and alternative loans. They also offer installment loans in several areas and other services, including money transfers and bill payments.


  • No collateral is required.
  • Customer assistance is available 24 hours a day, seven days.
  • Adaptable terms
  • Application and approval over the Internet
  • Several financial institutions provide this type of loan.


  • The costs are prohibitively expensive.
  • Not all states have this option.


Residents of certain states can use Advance Financial’s online loan services. However, loans carry large fees and are expensive kinds of borrowing. Customer support is available 24 hours a day.

What is Advance Financial, exactly?

Residents of 13 US states may get fast, online FLEX loans from Advance Financial. A FLEX loan allows an applicant to take out any amount between $25 and $4,000 at any time and then repay the loan, plus fees and interest, inconvenient installments that correspond to the borrower’s pay date. An online form is usually required to start the application process.

An ID photo, proof of income, and your credit score are required for a FLEX Loan. If the loan provider accepts you for a FLEX Loan, they will deposit cash into your bank account the next business day.

In Alabama, Delaware, Idaho, Kansas, Mississippi, Missouri, North Dakota, South Carolina, Tennessee, Utah, Virginia, and Wisconsin, Advance Financial provides online FLEX Loans. Throughout Tennessee, in-store service is provided. In Mississippi, Texas, and Wisconsin, Advance Financial offers installment loans.

Below are statistics on Advance Financial:

Number of locationsOver 100 locations in Tennessee and 13 other states
Loan amount$100 to $1,000
Interest rateUp to 400% APR
FeesOrigination fees, late payment fees, check cashing fees
Approval rate60%
Average customerHas a credit score of 620 or below
Repayment term14 to 31 days
Loan default rate15%
Statistics on Advance Financial

Interest rates on financial loans and other costs

When applying, review the origination fee and any potential prepayment penalties in the application form before submitting it. Being aware of these costs will help you better understand the total cost of your loan and make a well-informed decision.

Annual percentage rates for Financial FLEX Loans vary according to the borrower’s state but often range from 240 to 360 percent.

The FLEX Loan payment date aligns with your Advance Financial pay date. You can pay any less than the minimum payment up to the full amount owing on the due date. Remember that making your payments on time directly impacts the total financing charges for the loan. Time payments can also positively affect your credit history and credit report.

Unlike Traditional payday loans, the FLEX Loan offers a more flexible alternative with no annual income eligibility requirement. Advance Financial does not charge you any fees when you pay off your loan early. Visit the website to learn more about your state’s interest rates and fees.

Frequently Asked Questions

Is it possible for Advance Financial to run a credit check?

When you apply for a FLEX Loan or an installment loan, Advance Financial does a credit check. You’ll also need a government-issued photo ID and proof of income. This is to ensure that you have a history of making payments on time and meet the eligibility requirements.

How does the FLEX Loan from Advance Financial work?

Depending on your credit limit, the Advance Financial FLEX Loan allows you to withdraw any amount between $25 and $4,000 at any time. This provides quick access to funds in case of unexpected expenses. Repay the loan with fees and interest on due dates. They are usually scheduled to coincide with your payday. When you pay, you can withdraw funds up to the credit limit as much as you like.

What happens if I don’t make my Advance Financial payments?

Interest will continue to accumulate if you do not repay. Advance Financial may submit your account to a collection agency at any time. This highlights the importance of meeting approval criteria and ensuring you can repay the loan.

How long will it take for Advance Financial to approve a credit application?

According to Advance Financial’s website, upon loan approval, they will send the money to your account within a day. Their access to credit and approval process is streamlined, making it convenient for those who need funds quickly.

Are you looking for a payday loan?

Advance Financial offers FLEX Loans that are not the same as a payday loans. FLEX Loans are one of the many loan companies available and installment loans with longer periods. This is part of their diverse consumer lending options.

Where can I look for Advance Financial?

They offer loans in Alabama, Delaware, Idaho, Kansas, Mississippi, Missouri, North Dakota, South Carolina, Tennessee, Texas, Utah, Virginia, and Wisconsin.

Is Advance Financial a reputable company?

Advance Financial is a legal way to get fast cash online without putting up any collateral. It appeals to individuals who need to borrow because of its flexible, 24-hour loan service. However, the high charges and interest rates must be understood before signing the loan contract. To ensure customer satisfaction and meet customer expectations, the company may require proof of citizenship or a residence permit during the approval process to protect both the lender and borrower cash.

How can I trust these Advance Financial testimonials?

  • ConsumerAffairs has verified 3,555,610 user reviews, leading to a perfect credit for our services.
  • We require contact information to ensure our reviewers are authentic and maintain a healthy credit score.
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Jason Rathman

Jason Rathman


Jason writes about all financial topics such as loans, debt solutions, and bankruptcy. He is an expert when it comes to subjects like APR, loan fine print, debt collection laws within the United States. With his in-depth knowledge of all things financial, he is a great asset to Greendayonline.