Advance Financial FLEX Loan Review

Advance Financial FLEX Loan is offered by Advance Financial, a direct lender founded in 1998 and based in Nashville, TN. Advance Financial FLEX Loan is offered in 11 states across the USA.

What APRs does Advance Financial FLEX Loan offer?

Advance Financial FLEX Loan offers a fixed APR product that ranges from 240% APR up to 360% APR.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

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 Typically, fees range from 0.5% to 10% of the amount withdrawn.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..

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 Advance Financial FLEX Loan?

Applicants with a credit score of at least 300 and up to 700 are eligible for Advance Financial FLEX Loan. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Advance Financial FLEX Loan does not have or does not disclose a minimum annual income eligibility requirement. Advance Financial FLEX Loan only considers borrowers who are employed.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. APRs for the Advance Financial FLEX Loan product fall outside of the MLA limits and as a result the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.

Only U.S. citizens and permanent residents can apply for a loan.

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

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

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 on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit score.

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.