Advance FinancialConsumerAffairs Unaccredited Brand
Currently serving customers in Alabama, Idaho, Kansas, Missouri, Utah, and Tennessee.
Since 1996, Advance Financial has offered payday lending including FLEX loans, wire transfers, prepaid cards, bill payment and unlimited free money orders. Advance Financial’s 80+ storefront locations are open 24/7 for fast and convenient service. They have experienced steady success starting with only three stores in 1998, and growing to over 80 stores and 700 employees in 2016. Advance Financial is committed to helping customers achieve their financial goals.
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I had gotten a loan with them previously and asked about paying off my current one and getting another. She told me the best way to do it would be to not pay it off, but send in payment verification from my other job. I was told I’d get the increase that way. Now I’m being told they don’t approve more credit upon request. I’ve sent questions via email about it, but received the same generic response both times. I’m seeing now they probably wanted me to keep mine up to more than likely accrue a bigger balance.
I wanted to write this review in hopes to help someone to understand the fine print before they think a loan from AF is a good thing for them. I started with a loan of only $500. Got into a bind in life like everyone else. But felt the payment would be manageable to get back on my feet. First thing you have to understand is the more you borrow the more your monthly payment will be no matter what the beginning payment was. It WILL increase. If you make your payments on time they will increase your credit line (I went from $500 to $1400). And when the payment went from $126 to $424 overnight and making that payment only putting $100 towards the loan. It's not worth it. Do not borrow any more if you want your payment to stay the same. Also in their fine print they have it that once you link your account and a payment is missed they will pull it from your account.
The auto-enroll button on the site means nothing. They will still pull your account. Also they will call you everyday with different numbers to get that missed payment. The increase in the monthly payment and the high interest is not worth it if you just trying to get back on your feet. It will bury you further in debt very quickly. Also they do not accept American Express or any other payment option that does not link to your bank account. They also have issues reporting the correct amount you have borrowed and your credit line. So if you looking for a loan you can pay off in a month fully plus interest then this is for you. If you need more time, well choose another company. I hope this help someone before they decide.
I live in the Los Angeles area -- had no problems applying for a line of credit. I called customer service to clarify a few points that were not clear. They charge $0.77 per hundred dollars per day. For a $300 loan, I will pay interest of $2.31/day or $16.17/week. They have a very liberal 60 day period before the first payment is due. Warning!! At $2.31/ day for 61 days (30 day month #1 & a 31 day month #2) the amount owed will be $300 + $140.91 interest or $440.91. Your payment will only be $76. See how easy it is to get in over your head. All this is explained, either on the site or in the loan docs. It is not fair to claim that you did not know the conditions of the loan. Every loan available today for people with poor credit are exactly the same conditions. This is why they are called "High Interest" loans.
As for multiple payments being taken from your checking account -- that will happen if you have missed multiple payments. That is also explained in the loan docs and signed by you. Easy enough to stop it - call your bank and place a stop payment on the company. Cost you $30. I suggest you only pull small loans and pay them back ASAP. In comparison -- if you go to Speedy Cash and take out a $255, the payback is $300 in 31 days. That calculates to $1.45 per day interest X 31 days = $44.95 interest + $255 principal = $299.95. You go to Advance Financial and borrow $255 - you are paying $1.925 interest X 31 days = $59.68 + $255 = $314.68.
So I went into AF to get a loan. The lady that was doing my loan was very pleasant but I was very unsatisfied with the outcome. I have over 1600$ a month in income and was only approved for a 100$ loan due to me having issues logging in on my bank account site. I was told once I log in and give the CSR the information my loan would be a larger amount. Every time I call to talk to someone about they pretty much say it's nothing that they can do. It's not fair to me at all. It's not my fault. I gave the information. She said she would wait but didn't wait. Now I only have this 100$ loan. After I pay it back I won't go back there. It's unfair and I'm very upset about it.
Like you & many others, I went through Advance Financial for temporary help. It was a small loan that was overall harmless. My finances changed & I missed a payment. If you ever miss a payment, it's game over. You might as well close your bank account. In the loan agreement it states they can debit your account repeatedly to recover missed payments. "You authorize us to re-initiate any debit entry additional times for the same amount if the debit entry is dishonored." I missed just one payment. So, they started debiting my account repeatedly.
As of now, my bank is -$695.79. They'll try their best to catch you on a payday. Thankfully, I had another bank account. I basically abandoned the account & started using my other. (Always have a backup account) I started out with a $400 loan & now have an outstanding balance with them of $1,165.95. Don't ever borrow from these people for any amount. They're banking on the fact that you'll need to borrow again before you've even paid off your 1st loan. Then, they've got you.
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I don’t usually write reviews this negative but this place by far is the worst at customer service. I was asked to send in documents. I sent them all in. I was told I’ll receive a call back shortly regarding the loan. Nope. No call nor email. I been calling and emailing all night just to finally hear my loan was denied. Said they needed bank statements and I already sent them bank statements. The gentleman said, "Oh well you were denied." I honestly think this place is a ripoff. It just sucks that I sent in so many important documents. I will be calling my bank to get a new account. Pls if you need a loan ask every member in your family go anywhere but this horrible place!!!
I was approved online for 2000 and have used the credit often. I live in Va so read all the term prior to borrowing money. I currently bring home 750 a week and if a bill is due before I get paid I will use money from my AF247 account which is instantly transferred to my bank via my debit card. When I get paid at work I use the same credit card to pay them back and never have paid any interest for using the money responsibly. If you borrow money and only pay back the monthly minimum you will pay high interest for the money.
Make sure you read the terms and even if you're approved do not use more than you can pay back within 1 or 2 paydays. I read through the negative reviews on here and laugh because you borrow the money and complain because you pay minimum payments and the interest is a lot. Then you leave negative feedback. There is a reason your credit sucks and you have to get a payday-style loan. AF247 is a great tool to help you pay bills on time but don't borrow anything if you can't pay it back within the grace period.
I borrowed 3700$ in small quantities over two months. I have paid over 2k in interest. I paid 2900 yesterday. How do I owe 1500$? It is ridiculous. They need to be investigated. They are taking advantage of people that simply need a little advance every now and then. How is people suppose to pay this off when they keep jacking the price sky high. It's a shame!!!
I went to Advance Financial to get a loan for 400. Well conditions are not explained to consumer and percentage rates and fees are astronomical. The interest rate is 265 percent and .7 percent fees added daily! That's right daily. 3 months later paying to month I now owe 800 dollars. Never missed a payment. I called on Thursday to find out my pay off. When I get there Friday it was 30 dollars more the next day.
Please if you are strapped for cash or have an emergency do anything but this horrific flex loan. I'm just trying to warn consumers. And why do they have to be open 24 hours? I will tell you why! They are catering to druggies that run out of money then in the middle of the night go running out to get more money. How pathetic is that. These people are legal, I don't know why loan sharks. Please write your congressman, governor or anyone else that will listen. I would give minus stars if I could. I'm paid off! Don't ever do this
Went to Advance Financial in Clarksville to cash a 28.00 class action lawsuit settlement check, presented ID and check (left it as it was received in the mail) my physical address was on check, on front of envelope (pull tab check) and on my D.L and they all matched to the letter! Employee asked me what kind of check it was. I stated it was a Class Action Lawsuit “SETTLEMENT” check... remember she asked me! She called over her co-worker to get her advice on how to “categorize“ the check and then she scanned it and sent it to the “historical Wedgewood” for verification. Process complete (I’m at this point standing at the window). She opens her drawer and tells me it was a $5.00 fee for cashing this $28.00 check (charged 17.9%) and proceeds to hand me $23.00!
I get to thinking about it and based on this businesses fee schedule this very easily could have been charged a percentage (%1-6) instead of the maximum $5.00 fee on a small $28.00 check... When I questioned her about the high charge to cash this check she told me that she had nothing to do with that and the verification process determines the fee. REMEMBER she asked me what type of check it was! So DON’T try to tell me that this employee had absolutely no input to determine the fees and lead someone to believe that this businesses call center dictates fees!
How does a company RETAIN customers for any longer past their initial visit with such a high fee on a meager 28.00 check that could have been charged 1-6% vs. 17.9%? BEWARE! In closing I looked up AF website under job openings and their CUSTOMER RETENTION SPECIALIST’s job description is basically to contact customers with friendly payment reminders and assistance in making their payments... I DIED LAUGHING! What exactly does that have to do with “RETENTION”? Has more to do with ACCOUNT MANAGEMENT/COLLECTIONS.
I am a person that doesn't usually write reviews. I in this case had to speak on the worst customer service I have ever experienced in my life. Most of the employees I spoke with were very rude and distasteful. I sent in 3 documents to verify my bank account and over a 3 day period was still being prompted for more. Every time I spoke with an employee it was a matter of if I just send one more document I will be done and processed. This is the worst company I have ever experienced and I did all the work online myself applying. If you want results in Jackson, TN... please go to Check Into Cash on Vann drive. It is pleasant, fast, and customer service values exist.
My friend I helped search and find a place to get a flex loan. Took her and she was approved on disability so I decided also to apply online and it straight up told me I was denied and I get more income than she does plus I get extra 320 a month in plasma money. I wouldn't of had any problem paying payments back as promised but they didn't even give me a chance. I have a Wells Fargo secured card. Been paying on for 3 years. Never late. Plus a cash advance for 2 years been paying off and rewriting at Advance America. Never late. But this place plain denied me. No chance at all. Very unhappy with them.
Advance 24/7 is nothing more than a predatory loan. A shark in the water, so to speak. Unless you want your account completely drained, of over 1,000.00 dollars, at a time. Stay clear! They will take 3-4 payments AT A TIME, on the same day! Even when you have not authorized automatic payments! The interest rates are over 250 percent. They do not care, at all, if you've lost your job and they clear your account, month by month. Leaving you with not a single dollar, to your name. Please, heed my warnings and stay far away from this company as you can! I've only left a single star, because no stars isn't an option!
Poor customer service. Lack of communication with customer. I feel like it's false advertisement. I sent all required documents and different representing saying different thing each time I call. Never again!!!
Called today to specifically pay off my principal balance of 2411.84 which continues to accrue a ridiculous amount of interest. Something that they do not disclose up front. The customer service representative assured me that this will only leave me with the interest and I would not accrue interest on interest. Cool! It is crazy to make a $652 monthly payment and only $72 is going toward the principal. Well after taking my payment, the customer service rep. came back to tell me that not all of the payment went toward the principal balance because I had a payment due today. It should not matter what was due today... My principal balance is the principal balance.
My principal balance and the interest as of today was included in the pay off. I requested that my payment today all go toward the interest and just like in May when they took an additional payment out of my account after I made a payment in the store. (The Manager was good about adjusting the account!) People go to these places as a last resort and this place is taking advantage of the working community. 279.50% interest rate... how could this be? This is not right!!!
This company has made me physically nauseous and I'm left wondering what in the world am I going to do! I've had this loan for a very short time and have paid over $1,800 in what's called "Customary Fees". It's not the interest that hurts, it's the fees. This past month, since I've borrowed $2,500, I've paid almost $700. My payoff is $2,900! I don't know how this could be happening! I spoke to a representative who was nice enough, but left me wondering how I'm gonna get this paid! I'm at a loss! I don't know what I'm going to do?
My experience with Advance Financial has been greatly appreciated. Prompt customer service response and a welcome environment mean a lot to me. There is always a friendly face every time I visit and my business is with Advance Financial has always been accurate and quick. Thank you so much for being a company that I know I can depend on to meet any financial needs that I may have or may need in the future! I highly recommend your services to everyone I know!
Miss Shaniqua was very friendly. Loan was simple, fast and easy. It took maybe 15 minutes. Super glad that it comes out of my bank account. By coming out of my account, I don't have to worry about being late. And I also get all my money orders too. Everyone is very nice!
Overall, I have been happy with my experience at Advance Financial. I have found the staff to be very competent and professional. They are always very helpful and polite. I also like that there many locations around Davidson County which makes it very convenient to conduct my business while I am out and about.
Thought I was getting a loan, with easy payments, instead I got a loan that just keeps going up with fees, charges. Can't pay 800 dollars every two weeks, they won't change the payments. Advance Financial does nothing but put you back in debt. They overdrafted my bank account several times costing me more money. They constantly call and harass you from 6 different numbers. Pathetic crooked organization.
Everything was awesome. The man that helped me was very nice and patient with me. I would recommend a friend if they need some extra funds to get them through. It was nice that your company is open 24/7 and I did not have to wait for a certain time to stop in.
Thanks for the feedback, Angela! We love to hear what our customers have to say about our service.
Got approved for 2730.00 with easy payback options. Definitely coming back here to do business again. My money was in my account the next day! Better than a payday loan because you don't have to pay anything back right away. You just pay for how long you keep the money.
We appreciate your feedback, Christopher! We aim to provide the best experience for our customers!
Very nice. Was impressed Julie was bilingual and was able to multi-task the way she did. Just don't know why she needed to when so many employees were there. Wasn't able to get FULL amount I needed but hopefully in time they will see I can repay any loan I take out. THANKS Advance Financial!
Brian, We’re delighted to read your feedback about!! Thank you for taking time to share your positive experience.
I never thought I could get a loan because of my credit. But Advance Financial really came through for me when I really needed it!! I have recommended them to several friends and to my boyfriend who also got a loan from them!!! Thanks a million! I will be back in the future to get another loan!
Tammie, We’re delighted to read your feedback about us !! Thank you for taking time to share your positive experience.
The rep was very very friendly and helpful, she made our visit relaxing. Damon I think her name was went above and beyond to make sure our loan was correct. I would recommend this company to all my friends and family. I love how it's set up like a credit card.
Michael, Thank you for taking the time to share your experience with others. We’re happy that you’re satisfied with our services.
I applied and was only approved for 100$ because the person only put in I had a savings account when I had both checking and savings. I was only approved for this amount due to error on y'all part. I very unhappy with this decision. I called and was told even with it being your fault I still get penalized and it's not right at all.
Hello Jeryl, We sincerely apologize about your experience !We appreciate your feedback and would like to make things right. Someone from our customer service team will be contacting you within 48 hours to help assist with your resolution.
The two gentlemen that talked with at the Athens TN office were exceptional. They both worked fast to get all my information into the computer system and got me approved for a loan. I appreciate your respectful and very professional attitude while doing business with your office. I have never been so impressed with the process and time it takes to get approved for a loan as I was with Advance Financial.
Excellent feedback, Amber! We genuinely appreciate it and we’re glad to hear that you’re happy with your FLEX Loan!
Other than the rates being HIGH, they appear to be a great company. I know, I know, that they say the rates are high and should be used for the very short term, but... was able to do it all online which is easy. If you are looking for money fast and can pay off fast, this would be your company.
Thanks, Ronald! We appreciate the feedback.
I like the customer service. I haven't personally talked to anyone, but they do call to see if everything went well. I haven't talked to anyone because I'm always at work, but they do leave pleasant voicemails. This is my first time doing a line of credit and I'm pleased.
Thank you, Alona! We appreciate the time you spent to share your feedback!
I was blown away by the amazing customer service. The associates were super nice and very helpful. And it was so easy to get the money I needed. Super fast and super easy. And local. It's nice to have such an amazing 24/7 financial so close to home. Thank you Advance Financial.
Excellent feedback, David! We genuinely appreciate it and we’re glad to hear that you’re happy with the service we provid!
Advance Financial expert review by Lauren Fix
Headquartered in Nashville, Tennessee, Advance Financial offers check cashing service, bill payment, wire transfers and high interest, short-term FLEX loans. Since 1996, Advance Financial has served the people of the Middle Tennessee area, and the company has expanded its business to offer services to clients in Idaho, Kansas, Utah and Missouri.
FLEX loans: Advantage Financial does not offer payday loans. Instead, the company provides FLEX loans, which are open-ended lines of credit up to $4,000. Clients can repay these loans in small payments.
Online loans: Though Advance Financial has multiple brick-and-mortar locations, the company offers its FLEX loan services online in Idaho, Kansas, Missouri, Tennessee and Utah.
Free bill-pay and money orders: Advance Financial offers free bill-pay at all locations. It also offers free money orders with no limit to the number customers can get.
NetSpend prepaid cards: Advance Financial’s NetSpend MasterCard and Visa prepaid cards can be used anywhere Mastercard and Visa are accepted.
Check cashing: Advance Financial will cash any type of check as long as the customer has a valid photo ID. Rates vary based on the type of check the customer is cashing.
Best for: customers who need short-term loans, check cashing services or money orders.
Advance Financial Company Information
- Company Name:
- Advance Financial
- 100 Oceanside Drive
- Postal Code:
- (615) 341-5900