Is Advance Financial a payday loan?

At Advance Financial we don’t offer payday, title, or installment loans, but we now offer a FLEX Loan. A FLEX Loan isn’t a payday, title or installment loan, but a flexible line of credit that puts you in control of your finances.

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One may also ask, can you cash a check at Advance Financial?

Unlike many of our competitors, we cash all types of checks — personal checks, payroll checks, insurance checks, Cashier’s checks, government checks, money orders and more — and give you cash on the spot.

Likewise, people ask, does advance financial do cash advances? Customers can withdraw up to $800 (or up to their bank’s daily withdrawal limit). Cash is dispensed in $20 bills. Benefits of using ATM services at your local 24/7 Advance Financial: Low fee.

Herein, how long does it take advance Financial to approve?

Advance Financial 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.

Is Advance Financial legit?

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.

What are the rates at Advance Financial?

Loan Rates

Type Note Rate APR
New Motorcycles 12-36 Months 2.50% special*
2020-2021 37-60 Months 3.75% special*
61-72 Months 4.00% special*
73-84 Months 4.50% special*

What are the requirements for a loan at Advance Financial?

When you apply for a flex loan from Advance Financial 24/7, you need to meet these basic criteria:

  • Have a state-issued photo ID.
  • Have a verifiable source of income.
  • Have an open bank account.
  • Be the age of majority in your state.

What does advance financial do?

Advance Financial provides lending decisions on cash loans and other financial services. It employs over 1100 employees and in 2019 was named to the 5000 list of the fastest-growing private companies in the country for the eighth year in a row.

What is a flex loan?

Each Flexi Loan has a set credit limit but no fixed term or end date. … This makes the loan more flexible than loans with a fixed term. If your approved credit limit is more than you need, simply withdraw the amounts you want to use as required.

What is meant by payday loan?

A payday loan is a small personal cash loan at a very high interest rate, secured by the borrower’s next paycheck. A stipulation that payday loan providers frequently use to establish how much money you can borrow is how much you earn.

What type of loan is advance financial?

Advance Financial offers Installment Loans and Line of Credit Loans, but there are several different types.

Who owns Advance Financial?

Mike Hodges is chairman of Advance Financial, a family-owned and operated consumer finance center founded in Nashville in 1996.

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