About Advance Financial
Advance Financial provides online FLEX Loans in states across the U.S. that allow customers to withdraw funds as they need them and pay the money back at a convenient pace. It also offers installment loans in certain states and additional services, including wire transfer and bill payment.
Overall Satisfaction Rating
- 5 stars
- 4 stars
- 3 stars
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- 1 stars
Pros
- No collateral necessary
- 24/7 customer service
- Flexible terms
- Online application and approval
Cons
- High fees
- Not available in all states
Bottom Line
Advance Financial offers online loan services to residents in certain states. Customer service is available 24/7, but Advance Financial loans have high fees and can be an expensive form of credit.
Top Advance Financial Reviews
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Me and my husband both have a flex loan from Advance Financial. They are very friendly. They don't try to hide anything. But if you're in need of money quick this is the place to ...
Read full reviewI came into the Ft Campbell Blvd store in Clarksville, TN to get a flex loan. Ebony was great and extremely patient given the situation. She had a great attitude and made the expe...
Read full reviewWhat is Advance Financial?
Advance Financial offers fast, online FLEX Loans to residents of 13 states. A FLEX Loan allows a borrower to withdraw anywhere from $25 to $4,000 at any time and pay it back, plus interest and fees, in conveniently scheduled payments that align with the borrower's pay dates. On their pay date, the customer must make at least a minimum payment.
To apply for a FLEX Loan, you need a photo ID and proof of income. If you are approved for a FLEX Loan, Advance Financial deposits the funds into your bank account within a day.
Advance Financial offers online FLEX Loans in Alabama, Delaware, Idaho, Kansas, Mississippi, Missouri, North Dakota, South Carolina, Tennessee, Utah, Virginia and Wisconsin. In-store services are available throughout Tennessee. Advance Financial offers installment loans in Mississippi, Texas and Wisconsin.
Advance Financial interest rates and fees
Advance Financial FLEX Loans' annual percentage rates depend on the state where the borrower lives, but they typically range from 240% to 360%.
Advance Financial aligns FLEX Loan payment due dates on your pay dates. On the payment due date, you can pay any amount from the minimum payment to the total due. Keep in mind that the amount you pay on your due date has a direct effect on the total finance charges on your loan.
Advance Financial does not charge prepayment penalties if you pay off your loan early. Visit the website to learn more about interest rates and fees in the state where you live.
Advance Financial FAQ
Does Advance Financial check credit?
How does Advance Financial’s FLEX Loan work?
What happens if you don’t pay back Advance Financial?
How long does it take to get a loan from Advance Financial?
Is Advance Financial a payday loan?
Where is Advance Financial available?
Is Advance Financial legit?
Advance Financial is a legitimate way to get quick cash online without collateral. The company's convenient 24/7 lending services make it appealing to borrowers. However, Advance Financial's high fees and interest rates are worth noting before you sign a loan agreement.
Advance Financial Reviews
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I would not recommend going to Advance Financial or any other company under Harpeth Financial Services (owner of Advance Financial). I originally took out a FLEX Loan through them back in November of 2021 right before Covid-19 hit me the hardest and caused me to fall behind on many bills. When I got sick with Covid and tested positive for it in December right before Christmas I called and talked to them then about working with me and they agreed to do so which I thought was great, but then it slowly went down hill from there again as I had even more problems with my vehicle due to a shady mechanic screwing me over and taking my money and it made it difficult to get to work.
This time they seemed to not be so agreeable as they wanted me to pay what I couldn't afford for a few months as I tried to fix my vehicle so I could get to work. I told them in June this year I had no other alternative to get to work but they didn't care so I told them when I'd start to make payments again of at least $140 every 2 weeks wouldn't be until the end of October 2022. Then in September I received a summons from a Sherriff's department officer for a court date from a lawyer office that was also a debt collector. So I wouldn't get any loan from them at all if you can avoid it. They won't work with you when you fall on hard times and the APR is 279.50% which is not worth it at all. If you need extra money for whatever reason please find other means to get it that won't end up with you having to pay astronomically back.
I have had a loan with Advance Financial since March 2021. I have always made my payments on time. Yet, my balance increases and the payment never goes towards the principal. Over 1 year of payments and not one penny has gone towards the principal. I pay over $1000 per month for a $4000 loan and with each statement the balance increases. Even if it is a few dollars a statement, shouldn't a consumer see the balance decrease?
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I think I purchased a money order from Advance Financial in May of 2022 from the first to the fifth for $579. I would have paid rent for it. I got a letter from my landlord stating rent wasn't paid for May. I went to advance financial to track the money order (I lost the receipt) and they refused. I always purchase money orders from them (June and April and numerous before) but they could not find May. They refused to cooperate. My lawyer wrote them a letter. I went back and they somewhat cooperated. They couldn't find one for May. I think they were irritated by the attorney's letter. I asked for a print out of this information and they refused. Read this and come to your own conclusion.
In a just a span of 3 months from the date that I borrowed, my interest is a total of $3360!! I PAID IT OFF in 3 months because it seems like nothing is being deducted to the principal amount after paying my first payment which is $600!! I borrowed $4000, I decided to pay it off within 3 months! I ended up paying a total of $7135!!!
Advance Financial it's not authentic. They have a list that qualifies you for a loan. They do not use that as the standard. They have someone who works in underwriting that decides whether or not you qualify and you have no reason why you're denied even when you provide all your banking information and some parts of the website says no credit check so please this is not a good loan company. Just a way to tank your credit score.
Do not under any circumstances do business with this company, they are the worst dregs of humanity, preying on the desperate. Charging as much as 500% interest on their loans. The projected payout on a 3,000 dollar loan is over 12, 000 dollars by the time you pay it off. Their payment structure means that each payment you make 75-90% is interest only. This company practices legal loansharking and should be shut down.
Terrible. They are the worst. You never finish paying them off. Don't borrow nothing from them. I will never get another dime from them. I got a account with them in 2018 and they said that I still owe them now in 2021. They receives $490.00 a month from me. That's ridiculous and they don't care anything about the pandemic we going through.
I filed for bankruptcy last week and yesterday this company tried to put thru a payment and of course I was charged a $20 overdraft fee. In addition I informed them over 2 weeks ago I was closing my bank account via email and they chose to try and charge my account at least 3 times and I was charged $20 a pop. The bank will not let me close the account until this deficit is paid and do not think I am responsible for because Advance Financial did what they did. Would you want to do business with this company? I think not. Their customer service is horrible and obviously they feel they do not need to listen to their customers and just do whatever they want.
When you go to pay on your flex loan, you can say pay on principal but when you receive receipts, you may have paid $200 but $175 goes towards interest it shows and $19 goes towards loan. It is a problem, you will never get it paid off. It's a rip off. Praying that I'll be able to pay it off soon.
This company is the worse company I have ever borrowed money from. I was furloughed from my job. They were working with me making $50 payments every pay day. But then when I contacted them to start paying a little more toward my back payments doing a promise to pay on a current date they would proceed to take 241.06 on Aug 12 when I had agreed to pay on Aug 14th in the amount of $195.00. They put my account in the negative plus the bank charged me another $36.00 for insufficient funds.
When I called them about it they tried to say that there was never a promise made that a back payment in full was not going to be taken out. Which I had been promised by a rep telling me that the automatic thing had been placed on hold. Then on Aug 17th they took another $224.69 payment. They are a bunch of lying crooks and cold-hearted company who do not care at all that some folks are struggling which is not caused by something that they can control. I WOULD TELL PEOPLE TO STAY AWAY FROM THIS COMPANY.
Advance Financial Company Information
- Company Name:
- Advance Financial
- Address:
- 100 Oceanside Drive
- City:
- Nashville
- State/Province:
- TN
- Postal Code:
- 37204
- Website:
- www.af247.com
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