Advance Financial Review: Is It Legit Or A Scam?

Advance Financial

Disclosure: We receive advertising revenue from some partners. Learn More


Advance Financial, a direct lender with headquarters in Nashville, Tennessee, was established in 1998 and serves 12 states nationwide. The versatile FLEX Loan from Advance Financial provides a quick and adaptable method to borrow money. The FLEX Loan can help you pay for unforeseen costs and can be paid back in installments as well. On, the company promotes its services.


Advance Financial logo

Advance Financial: Overview

It’s crucial to look into your alternatives if you’re thinking about taking out a personal loan. Although Advance Financial is a reputable lender, is it the best choice for you? You need to be aware of the services offered by Advance Financial in order to make an informed choice. This article provides a thorough evaluation of Advance Financial’s offerings so that you can decide if it is the best lender for your business loan.

Here are some interesting things we learned after looking over the organization’s website and rules.

  • The range of APRs is 240% to 360%.
  • The range of loans is $25 to $4000.
  • An application for a line of credit will normally be approved (or denied) within 48 hours, and fund personal lines of credit within 1 business day of approval.
  • Moreover, free money orders, wire transfers, Netspend Cards, and check cashing services are offered.

What Is Advance Financial?

In addition to running 85 stores in Tennessee, Advance Financial also provides FLEX Loans and cash advances online. With both their physical storefronts and online platform, customers have access to up to $4000. Alabama, California, Delaware, Idaho, Kansas, Missouri, North Dakota, Tennessee, Utah, and Virginia are among the states that are mentioned.

The Better Business Bureau has not yet accredited Advance Financial. The business has 168 complaints and 40 customer reviews during the past three years, earning a 1-star rating out of 5. Consumers’ poor experiences with the business suggest that it has to solve these problems in order to improve its accreditation and rating.

What Does This Company Work?

Cash advances, payday loans, installment loans, bill payment, money transfers, prepaid debit cards, and check cashing are just a few of the services provided by Advance Financial. Customers of Advance Financial can get the money they require by calling, visiting a store, or going online. They can fill out a loan application in the store, and if it is granted, they will get them.

Ads Powered By Medallion

See If You Qualify for
Debt Consolidation in
  30 Seconds

All questions can be answered by a customer service agent over the phone or online. Customers can apply for loans, check the status of their loans, and manage their loans online.

Advance Financial Qualification Process

The borrower must be employed and make a minimum annual income in order to qualify for the Advance Financial FLEX Loan. Green card holders and U.S. citizens may apply for Advance Financial FLEX Loan services. The minimum age for eligibility is 18 or the state minimum.

Applicants might need to submit the following documentation in order to be considered:

  • Pay stubs for the last few months
  • Income evidence
  • A valid driving license
  • Residence or citizenship permit proof

Advance Financial Ratings

Advance Financial doesn’t currently have accrediting status and has a C- rating with the Better Business Bureau. Based on 40 customer reviews and 168 complaints received during the last three years, customers have given this firm a 1-star rating out of five. Customers have voiced unfavorable opinions about Advance Financial in these reviews and complaints, so the company needs to address these issues if it wants to boost its rating and reputation. Advance Financial needs to pay attention to client feedback and address complaints as soon as possible in order to boost customer satisfaction and raise their rating.


Advance Financial Review: Is It Legit Or A Scam? 1

How Much Does Advance Financial Charge?

Advance Financial provides a fixed APR product with no origination or cash advance costs that has an APR range of 240% to 360% for customers who need quick access to money. An easy-to-use loan option is the Advance Financial FLEX Loan. Because of this, Advance Financial typically approves (or rejects) personal loan applications within 48 hours, and finances personal lines of credit within 1 business day after acceptance, making it a quick and easy option to borrow money.

How To Qualify For This Company?

You can submit an online application for Advance Financial by going to their website. You will need to submit documentation after completing the application showing your identity, income, and other details. They will evaluate your information as soon as you submit your application and decide whether or not to grant you a loan after they have done so. You will get your money the following working day if they agree.

How Does It Affect Your Credit?

Depending on how you use the service, Advance Financial may have a good or negative impact on your credit score. You can raise your credit score by making prompt, full payments. Conversely, making late payments, accruing a lot of fees, or allowing your debt to rise too high can lower your score. Since any loan or credit line can have an impact on your credit score, using Advance Financial responsibly is crucial to keeping it strong.

Can You Cancel Advance Financial?

A personal loan is a big decision, therefore you shouldn’t take it lightly. Before any loan money is given, it is best to explore all loan possibilities and carefully review all of the loan’s terms and conditions to decide whether it is the best option for your position. You are now in charge of paying back the loan with interest after the loan amount has been credited. Once it has been credited, the loan amount cannot be taken back. Hence, it’s crucial to confirm that applying for a loan is the proper decision before doing so.

See If You Qualify for Credit Card Relief

See how much you can save every month — plus get an estimate of time savings and total savings — with your very own personalized plan.


Here are some suggestions to make ends meet.

Do you sense the burden on your finances? It might be challenging to get by on a limited budget. Yet you can apply a few useful pointers to get back on track. Creating a budget is the first step. This can be used to keep track of your spending and make sure you don’t stray from your financial objectives. Include all of your basic expenses, such as rent, utilities, and food.

Your budget will aid you in figuring out where you may make savings and expense reductions. Cutting back on unnecessary expenses, such as skipping the morning coffee run and preparing coffee at home, is one way to save money. You can also save money on food by making bulk purchases or by using coupons.

Another strategy to save money is to pay off debt. Pay down any balances on your credit cards as soon as you can if you have any. If you are still having trouble making ends meet, it can also be a smart idea to consolidate your debt into a single loan with a reduced interest rate. If you are still having trouble with your finances, you may need to investigate strategies to increase your income.

You don’t have to deal with your financial difficulties by yourself. You can resume your course using the appropriate techniques. This could entail freelancing, earning a part-time job, or selling things you no longer need. Spend some time coming up with a budget, cutting back on costs, and clearing your debt. You won’t fall behind.

Advance Financial: Is It Legit Or A Scam?

Advance Financial Review: Is It Legit Or A Scam? 2

Despite being in operation for 25 years, Advance Financial has a C- rating with the Better Business Bureau, which means it needs to improve. Advance Financial has a 1-star customer rating out of 5 based on an average of 40 reviews and 168 complaints over the last three years. Customer complaints must be resolved for Advance Financial to raise its rating and certification. The business will be able to accomplish this goal if they pay attention to their clients’ comments and respond to their issues as soon as possible.

Investigate personal loan providers to choose the best one. You should check the lender’s credentials, examine customer reviews, and make sure the terms and conditions are unambiguous. You can make sure that you get the finest loan and provider by weighing these variables. If you exercise the appropriate due diligence, you will be able to negotiate the best price.

Comment below and let us know what you think of!

Thanks for reading!

Leave a Reply

Your email address will not be published. Required fields are marked *