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Advance Financial Reviews (18)

TLDR version: Advance Financial is trashI'm a long time customer that just paid my flex loan in full, and I will never use their services againAvoid them if at all possible.I'm a long time customer of Advance FinancialI'd used them for payday loans, had a signature loanBack before they switched to flex loans, I have to say I was a happy customerI felt the rates were fair; you owed a certain amount, and everything you paid reduced what you owedThat all changed when they switched to flexI had a signature loan out for about 1k, was paying maybe biweeklyI needed a payday loan, and was told that I'd have to switch my existing signature loan to flex if I wanted the payday loanWell, since I needed to pay my bills, I agreedThey did a terrible job of explaining the terms, but it didn't sound too badTurns out though, the minimum payment (roughly the same as before) doesn't reduce the principal at all, so to reduce the debt by 150, I'd actually have to pay Thank God I didn't take them up on their offer to borrow up to 3k; minimum payment would have probably been about 450, none of which would have gone against the principalThere'd have been absolutely no way for me to get out from under that sort of loanIf I had the power, I'd have them shut downFor anything you can pay off in a single paycheck, a borrower might be better off under their new model, but the max amounts they offer are ridiculous, considering the terms

The "customary fees" legal under TN state law are outrageous and should be UNLAWFUL! Like all the other complaints from customers, I agree...I'll be paying AF for a very, very long timeFor me, the monthly payment is like having a 3rd car note! I can barely afford the car notes I have nowStop preying on the hard-working middle to low class, Advance! Example of BI-MONTHLY payment: Customary Fee $ Interest $ TOTAL INTEREST FOR THIS PERIOD $ Principal Reduction: $

Great company With a flex loan it gives the customer freedom to pay the payments without the hassle of a payday loan where you have to pay the full amount all at once!

Friendly and fast servicesLove 24/

Advance Financial's "flex" loans are nothing but legalized loan sharkingPay and pay and barely make a dent in the principal balancePaid loan off IN FULL on a Friday and then still got debited from my checking account on Sunday for the "regular" amount that I would have paidWhen I called, was told that pay off amount was correct but that the "regular" payment was already requested so pay off would have been higherSounds rather shady since I called FRIDAY MORNING to make sure that I paid the exact balanceAdvance Financial is a poor excuse for a loan company and they will never have my business again

I was in need of a money order and found out they sell them at no charge! FREE! I was impressed by their professionalismThese are just great people

I have taken out this flex loan because I haven't had any other optionbeen trying to pay it off faster but seems my balance never goes down much! To top it off my principal is one balance, my pay off is another, there is a 3rd balance tooI am sorry but you can't have different balances and have your payoff be higher than your principal PLUS charge monthly fees equaling over $every weeksHow can a person pay that crap off? I have had nothing but problems, my wife calls to make a payment, can't use her checking account, can't use her debit card either?! She's used her debit card probably a dozen times and all of a sudden when she wants to drop the dollars she scrounged up to help get our balance down you tell her she cannot do so, then transfer her, they take the payment, and NEVER tell her why she was told she couldn'tI find out I'm going to have to have surgery from a work injury and you can't simply help us with shutting down our account and stopping interestYou have gotten MORE THAN enough money from us to pay for the loan and maybe even a whole second one and no one will assist us? This place is a crock! No respect, no morals, no compassion, just money hungry thieves! 280% interestplus a load on top of your balance for payoff! I will never touch this place again even if I have to die without it! Worst business ever!

Worst decision ever
My wife became ill suddenly, and had to have an immediate operation which put her out of work, and us out of moneyWe decided to get a "flex loan" from advanced financial, hence the title of this story
Not only did they tell me that I could pay it back easily by passing more than the minimum amount due, which was a lie, but they failed to mention the interest rate is percent!
After months of paying more than the minimum amount due, I managed to whittle my principal balance down by a whopping bucksAfter noticing my principal was dropping by no more than my overpayments, I started checking my payoff amount on the website dailyOn a dollar loan, I was charged dollars a day in interest! That's insane!
Fortunately, I've been working on my credit, and was able to secure a card with a high enough limit that I could pay my balance in full and get away from these loan NAZISWhen I go to pay them in full with my card, they tell me there's insufficient funds on it
I immediately call Citibank, who is very nice, and they assure me is because AFis running my card payment as a cash advance instead of a purchase
tellers and a manager later, I get corporate's number and call them looking for resolutionYeah right! I'm informed that they don't accept credit cards, to which I remind them of a lump payment I made a few weeks prior with? A CREDIT CARDThen the story starts to evolve
They take SOME cards, but not all
Then it changes to they have no way of choosing how a credit card is processedThen I'm told that it's my credit card company
You know, I could've borrowed money from the mob and paid them back easier
After all was said and done, I emptied my bank account to throw all the cash to them I could and get my principal down so they could run my card as a cash advance, incurring more penalties on me
Long story short, these people lie, deceive, call constantly just to tell you how much you owe and then try to get you to borrow more money, don't accept most forms of payment, and will do ever dirty truck they know to keep you paying them interest
Personally, I'd rather be homeless or sell a kidney before I walk through their doors again!

Advance Financial's "flex" loans are nothing but legalized loan sharking. Pay and pay and barely make a dent in the principal balance. Paid loan off IN FULL on a Friday and then still got debited from my checking account on Sunday for the "regular" amount that I would have paid. When I called, was told that pay off amount was correct but that the "regular" payment was already requested so pay off would have been higher. Sounds rather shady since I called FRIDAY MORNING to make sure that I paid the exact balance. Advance Financial is a poor excuse for a loan company and they will never have my business again.

Friendly and fast services. Love 24/7

Great company. With a flex loan it gives the customer freedom to pay the payments without the hassle of a payday loan where you have to pay the full amount all at once!

The customer service has been wonderful so far.

I had a flex loan for a yr now and still can't pay it off [redacted] this is crazy stay away they are all about money

The "customary fees" legal under TN state law are outrageous and should be UNLAWFUL! Like all the other complaints from customers, I agree...I'll be paying AF for a very, very long time. For me, the monthly payment is like having a 3rd car note! I can barely afford the 2 car notes I have now. Stop preying on the hard-working middle to low class, Advance!
Example of BI-MONTHLY payment:
Customary Fee $153.71
Interest $14.43
TOTAL INTEREST FOR THIS PERIOD $168.14
Principal Reduction: $ 23.52

The folks at the local office were very nice, I love the free money orders

The worst mistake I ever made in my life don't seem like I'll ever pay them off there interest is ridiculous

TLDR version: Advance Financial is trash. I'm a long time customer that just paid my flex loan in full, and I will never use their services again. Avoid them if at all possible.I'm a long time customer of Advance Financial. I'd used them for payday loans, had a signature loan... Back before they switched to flex loans, I have to say I was a happy customer. I felt the rates were fair; you owed a certain amount, and everything you paid reduced what you owed. That all changed when they switched to flex. I had a signature loan out for about 1k, was paying maybe 150 biweekly. I needed a payday loan, and was told that I'd have to switch my existing signature loan to flex if I wanted the payday loan. Well, since I needed to pay my bills, I agreed. They did a terrible job of explaining the terms, but it didn't sound too bad. Turns out though, the minimum payment (roughly the same as before) doesn't reduce the principal at all, so to reduce the debt by 150, I'd actually have to pay 300. Thank God I didn't take them up on their offer to borrow up to 3k; minimum payment would have probably been about 450, none of which would have gone against the principal. There'd have been absolutely no way for me to get out from under that sort of loan. If I had the power, I'd have them shut down. For anything you can pay off in a single paycheck, a borrower might be better off under their new model, but the max amounts they offer are ridiculous, considering the terms.

Advanced Financial is a predatory lending institution. They trick working class people into flex loans with 280% interest rates. Impossible to pay off Advanced Financial is absolute trash! They engage in predatory lending, forcing you into a "flex loan" with 280% interest rates. I initially had a signature loan, which was pretty manageable. One day I went in to pay on my loan and was told EVERYONE must move to the flex loan program. They boasted about how this was better and how easier the pay off would be. THEY LIED. Fast forward to today and my minimum monthly payments of $140+ only reduce my principal by $10 - everything else goes to interest and a "customary" fee. Advanced Financial preys on the working class. I'm literally trapped in this cycle. At this rate, I will never be able to pay this off in full. If/when I finally get this taken care of, I will NEVER visit an Advanced Financial again - not even for a free money order. I quite literally hate everything Advanced Financial stands for.

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Address: 9335 Dayton Pike, Soddy Daisy, Tennessee, United States, 37379-4824

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