Advance Financial FLEX Loan Review

Where does Advance Financial FLEX Loan do business?

Advance Financial FLEX Loan is a direct lender based in Nashville, TN. that was founded in 1998. Advance Financial FLEX Loan is offered in 11 state s across the USA.

What are the APRs offered via Advance Financial FLEX Loan?

Advance Financial FLEX Loan offers personal lines of credit with fixed APRs starting from 240% to 360%.

Does Advance Financial FLEX Loan charge an origination fee?

No, Advance Financial FLEX Loan does not charge an origination fee.

An origination fee is what some lenders charge for processing, underwriting, and funding a line of credit. These fees can range from 0.5% to 5% of the line of credit amount. Whenever possible, go with lenders that don’t charge origination fees.

Does Advance Financial FLEX Loan charge a cash advance fee?

No, Advance Financial FLEX Loan doesn't charge a cash advance fee. Some lenders charge a cash advance fee every time borrowers withdraw cash from their line of credit. Typically, fees range from 0.5% to 10% of the amount withdrawn.

Does Advance Financial FLEX Loan charge a late fee?

No, Advance Financial FLEX Loan will not charge you a late fee..

Does Advance Financial FLEX Loan charge prepayment fees?

No, Advance Financial FLEX Loan does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the line of credit off and close the account.

How much can you borrow via Advance Financial FLEX Loan?

Upon approval and based on your credit worthiness, your Advance Financial FLEX Loan personal line of credit will be assigned a credit line of at least $100 and as much as $4,000. .

Advance Financial FLEX Loan Fees

Cash Advance Fee	N/A
Origination Fee	N/A
Prepayment Fee?	No
Late Payment Fee	N/A

What do you need to qualify for a line of credit with Advance Financial FLEX Loan?

Applicants with a credit score of at least 300 can apply for a line of credit via Advance Financial FLEX Loan. The minimum age to apply for a line of credit is 18 or the state minimum, whichever is higher.

Advance Financial FLEX Loan only considers borrowers who are employed, or have a regular source of income or benefits Active duty servicemembers and their covered dependents are not considered covered borrowers under the Military Lending Act (32 C.F.R. § 232). This means they cannot apply for a line of credit via Advance Financial FLEX Loan. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR.

Only U.S. citizens and permanent residents can apply for a line of credit.

To qualify, applicants may need to provide the following documentation:

• Driver's license
• Proof of citizenship or residence permit
• Recent pay stubs
• Proof of income

What is the estimated funding time for a personal line of credit via Advance Financial FLEX Loan?

Advance Financial FLEX Loan will typically approve (or deny) a line of credit application within 48 hour s and fund personal lines of credit within 1 business day of approval.

Does Advance Financial FLEX Loan report your account activity to credit bureaus?

Advance Financial FLEX Loan reports your account activity to the following credit reporting agencies:

Making regular and on-time payments on a credit card that reports your account activity to credit bureaus will demonstrate that you consistently manage debt well and can help increase your credit scores.

How to apply for Advance Financial FLEX Loan

• Visit the Advance Financial website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
• Check the information is accurate and submit your application.