Advance Financial

Advance Financial

 2.1/5 (95 ratings)
  • 5 stars
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  • 1 stars

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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Rated with 5 stars
Verified

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 ...

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Rated with 5 stars
Verified

I 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...

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What 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?
Advance Financial performs a credit check when you apply for a FLEX Loan or an installment loan. You also need a government-issued photo ID and proof of income.
How does Advance Financial’s FLEX Loan work?
Advance Financial’s FLEX Loan lets you withdraw anywhere from $25 to $4,000 at any time, depending on your credit limit. You make payments on scheduled due dates, usually aligned with your pay date, that include interest and fees. As you make payments, you are allowed to continue withdrawing money up to your credit limit.
What happens if you don’t pay back Advance Financial?
If you don't pay back Advance Financial, interest continues to accrue. At some point, Advance Financial may refer your account to a collection agency.
How long does it take to get a loan from Advance Financial?
Advance Financial usually deposits loan funds into your bank account within one day, according to its website.
Is Advance Financial a payday loan?
No, a loan from Advance Financial is different from a payday loan. Advance Financial offers FLEX Loans and installment loans, which generally provide longer loan terms.
Where is Advance Financial available?
Advance Financial offers loans in Alabama, Delaware, Idaho, Kansas, Mississippi, Missouri, North Dakota, South Carolina, Tennessee, Texas, Utah, Virginia and Wisconsin.

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.

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How do I know I can trust these reviews about Advance Financial?
How do I know I can trust these reviews about Advance Financial?
  • 4,008,098 reviews on ConsumerAffairs are verified.
  • We require contact information to ensure our reviewers are real.
  • We use intelligent software that helps us maintain the integrity of reviews.
  • Our moderators read all reviews to verify quality and helpfulness.

For more information about reviews on ConsumerAffairs.com please visit our FAQ.

Page 1 Reviews 0 - 10
Rated with 1 star
profile pic of the author
Verified Reviewer
Original review: July 14, 2022

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?

13 people found this review helpful
Rated with 1 star
Verified Reviewer
Original review: July 5, 2022

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.

4 people found this review helpful

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    Rated with 1 star
    Verified Reviewer
    Original review: July 1, 2022

    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!!!

    11 people found this review helpful
    Rated with 1 star
    Verified Reviewer
    Original review: April 25, 2022

    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.

    7 people found this review helpful
    Rated with 1 star
    Verified Reviewer
    Original review: Feb. 2, 2022

    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.

    43 people found this review helpful
    Rated with 1 star
    Verified Reviewer
    Original review: Sept. 9, 2021

    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.

    35 people found this review helpful
    Rated with 1 star
    profile pic of the author
    Verified Reviewer
    Original review: April 28, 2021

    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.

    33 people found this review helpful
    Rated with 1 star
    Verified Reviewer Verified Buyer
    Original review: Nov. 4, 2020

    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.

    34 people found this review helpful
    Rated with 1 star
    Verified Reviewer
    Original review: Aug. 25, 2020

    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.

    38 people found this review helpful
    Rated with 1 star
    profile pic of the author
    Verified Reviewer
    Original review: July 29, 2020

    If you want a 700% interest loan. A big rip. Rip off and horrid customer service. Pay 4x the amount you borrowed. Dont do business with this scam place. Dont say I did not warn you. I hope you go out of business.

    47 people found this review helpful
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    Advance Financial Company Information

    Company Name:
    Advance Financial
    Address:
    100 Oceanside Drive
    City:
    Nashville
    State/Province:
    TN
    Postal Code:
    37204
    Website:
    www.af247.com