Advance Financial Loans Review 2022

Advance Financial Loans Near Me

Many Americans are concerned about budget gaps and want to address their financial position as soon as possible. Additionally, certain situations call for swift responses and quick fixes. But remember that getting a loan isn’t your only alternative since, if you don’t make your payments on time, this option might result in far worse issues. 

Since Advance Financial is not a typical lender, it gives customers the option to postpone making a total repayment until they get their next salary. The business has its headquarters in Nashville and serves 11 states. This page includes details regarding its deals, costs, benefits, and drawbacks.

What is Advance Financial?

The business Advance Financial was established in 1996. Based in Nashville, Tennessee, it is a family-owned business. It employs over 1000 people and provides online services to borrowers in many US states.

But what goods does it provide? Why should you care, then? Fundamentally speaking, Advance Financial is a provider of same-day loans. It does, however, give the lending option a new spin. The flex loan product is more akin to a line of credit with a quick payback schedule than a chunked payday loan

Whether you wish to spend the money immediately, you get the entire amount following approval with typical payday loans. However, with a line of credit, you may borrow money as needed, and the loan amount is approved. This financing is perfect for those starting small businesses or working on significant projects.

You may apply with Advance Financial for a credit limit ranging from $60 to $3500. You only pay interest on the money you borrow when you withdraw from the credit line. Unfortunately, not all US states may get flex loans.

What are Advance Financial’s benefits and drawbacks?


  • Because a Flex Loan functions like a line of credit, it is not a payday loan. You may borrow as little or as much as you choose, and only the amount you borrow will incur interest charges.
  • No late fees are assessed if you miss the due date for repayment. Repaying a debt becomes more difficult due to late penalties. Missing payments, however, should be avoided since high balances result in increased interest rates.
  • Several in-store options: Tennessee customers may use flex loans and other in-store services, including wire transfers, bill payments, and faxing.


  • Emergency loans are infamous for having exorbitant interest rates. Because of the expenses, you should take the loan more seriously than you would with a typical loan.
  • There isn’t much information in Advance Financial’s FAQ section. The fine print of the loan is not disclosed. Call customer service to learn more about the loan.
  • Advance Financial is only offered in 11 states, which limits its availability. You are ineligible for the loan if you don’t reside in these states. However, not all hope is dim. Other loans with adverse credit may be applied for in your form.

How does it work?

Installment loans, payday loans, and title loans are all alternatives to flex loans. You may cover any requirement with a flex loan from Advance Financial, including home improvement, education, auto maintenance, and other expenses. The credit line may be secured or unsecured, depending on your application and the loan amount.

When prepared, apply for a loan online or at the nearby Advance Financial location. Applying for a loan between $50 and $3500 is possible. Your capacity to repay will decide the amount you are qualified for (this is determined by the application you submit). Advance Financial claims that with the following approval, the money will be in your bank account in less than 24 hours.

You begin making payments as soon as the funds are in your account. Every day the loan is held, interest is accrued. As a result, Advance Financial advises you to borrow only what you can comfortably pay back and to return more than the minimum. You’ll pay more fees and interest if you just pay the minimal amount.


Simply put, flexible loans are merely that. You may return the whole amount at any time before the due date, or you may choose to make the minimum payment. The lender matches the loan’s due dates with your paydays to make it simpler for you to settle the debt.

Call customer service at Advance Financial and explain your situation if you cannot make payments. But even if you don’t, Advance Financial will start a phone call, text message, or email chat.

You can get another loan after paying back your flex loan. Your credit limit determines the loan’s maximum amount.

Can you still get a line of credit from Advance Financial if your credit is bad?

In any case, Advance Financial isn’t upfront about whether they examine credit scores before acceptance. Just to be specific, you’ll need to contact them. However, since they follow US payday loan regulations, they, at the very least, assess your application’s status for loan affordability.


In the twenty-first century, most people possess a smartphone or tablet. These contemporary devices serve as the primary means of communication. Their application and consequences extend into the commercial sphere. Any serious company that wants to increase its market share requires a mobile-friendly website.

The website for Advance Financial is mobile-friendly and designed for both one-time and recurring borrowers. Although the text is brief, it nonetheless contains all the necessary details. The loan application process may be completed quickly and efficiently using a mobile device because of the site’s simplicity and lack of distracting elements.

What is the procedure for applying for a loan?

You must register on the website before applying for the loan. The procedures are simple and obvious.

Step 1. Go to the official website and click “Get Cash Now.” 

Step 2: Create an account on the website or log in using your Google, Facebook, or LinkedIn credentials.

Step 3: Complete the required information. Your Social Security number is among them.

Step 4: Submit the loan application and wait for the decision on whether it has been approved or denied.

Step 5: Sign the agreement and get your credit line.

The application also asks for other personal and financial information besides your Social Security number. Alternatively, you may find the closest one on the ‘Location’ page if you want to finish the application in an actual location.

Which Loans Can Be Obtained Through Advance Financial?

A secured loan or an unsecured loan is what the flex loan is. Everything is dependent on the amount and the details of your loan arrangement. In addition, Advance Financial also provides in-store services such as wire transfers, bill payments, photocopying, mobile phone payment, and receiving faxes.

What is the Fee Structure?

The APR for Advance Financial varies per state. However, it consistently falls between 240 and 360 percent. On the website, under the Rates and Terms section, is information about the outstanding APR fees. Here’s a brief illustration of what a borrower from Tennessee may anticipate:

The firm calculates the minimum and maximum payments depending on the loan amount and the loan period. This implies that the cost varies for the same loan, whether the service duration is one week or two weeks.

Is it safe to use Advance Financial?

The Advance Financial website is generally secure to use. It has a security certificate, and its privacy policy follows accepted sharing protocols. You input personal and financial details while applying for a loan.

Advance Financial protects this data and only utilizes it to enhance its marketing. Since this is against industry regulations, it does not share the data with unaffiliated businesses. In addition, the company consistently receives an A+ grade for openness on rating websites.

Additionally, loan payback happens automatically. Money is taken immediately out of your bank account by Advance Financial. However, only the minimal payback amount may be withdrawn by the regulations. Additionally, the authorization may be revoked at any moment.


The flex loan might be a solution if you often want a short-term loan but are not eligible for conventional loans like credit and bank loans. You may take out the loan whenever you need money and repay it whenever it’s convenient. In contrast to payday loans, you don’t get a huge lump sum payment. Instead, you are given a credit line. Following loan repayment, you are eligible to borrow another loan up to your credit limit.

The best applicants for this kind of loan are those who own companies. Even though it is pricey for a short-term loan, it is less expensive and more flexible than other short-term loans. In light of this, be sure you are qualified for the loan and have thoroughly investigated all other lending possibilities before applying.


Do they verify my credit score?

In this regard, Advance Financial is not entirely clear. Before processing your application, they may examine your credit score, however, if industry best practices are any indication.

How does a flex loan have an impact on my credit score?

Similar to a traditional payday loan provider, Advance Financial also notifies the major US credit bureaus of the status of your transaction. They promote making consistent payments as a result. But if you cannot pay on time, you can get in touch with customer service to request a delay. They’re probably going to give you the extension. However, you should take care not to let the repayable sum rise much.

What is the anticipated timing for financing approval?

After receiving the completed application, Advance Financial examines it and issues the line of credit in less than 48 hours. After then, it takes the business less than a day to authorize a loan.

Do they have a cost for cash advances?

No. For a cash advance, Advance Financial doesn’t charge any fees. On the other hand, other payday loan providers levy a cash advance fee each time customers use their available credit for a cash withdrawal. 

How long does Advance Financial offer the loan repayment period?

The loan amount determines the duration. It might take a week or a month. The interest is, however, calculated daily. As a result, the cost of loan servicing increases with time. Additionally, remember that there is no grace period for debt payback.

What happens if I shut down my Advance Financial account?

First, your debt should have been paid off before closing your account. Contacting customer service is necessary to cancel the account. However, Advance Financial will keep some of your personal information after you shut your account for use in marketing and recognize you if you elect to open another one.

Am I eligible for a top-up loan?

Unlike some other payday loans, Advance Financial does not permit this. The business mandates that you repay your present loan before applying for a new one. They won’t let you apply for another loan exceeding your credit limit until after that.

They require my Social Security number, but why?

Your Social Security number is your primary form of identification in the US. It contains a lot of information, and the business utilizes it to confirm the information you provide in your loan application. The loan is not accepted if the details don’t line up.

Author: Jay Batson

My Name is Jay has and I have a passion for financial writing. I am the chief writer on this blog. I do my best to verify all the information but if there is anything amiss please let me know and I will do my best to correct it.

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