Flex Loan FAQ’s
Loan Questions
We offer Line of Credit and Installment loans. Eligibility is based on the state where you live.
It's an unsecured (unsecured means there's no asset given as security on the loan) open line of credit that gives you the ability to apply once and get cash at any time (up to your credit limit).
With an installment loan there's a set amount you borrow and pay back over several months in fixed, predictable payment amounts.
- Photo ID
- Proof of Income
- The minimum age to be eligible is 18 or the state minimum, whichever is higher.
- U.S. citizens are eligible for the services offered by Advance Financial.
- Permanent resident / green card holders are also eligible to apply.
- 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 Line of Credit and Installment Loans offered by Advance Financial fall outside of the MLA limits and as a result loans cannot be issued to these applicants. Active duty service members and their covered dependents are considered "covered borrowers" under the Military Lending Act.
APR is short for annual percentage rate and is the interest you pay on a loan on a yearly basis.
Advance Financial Line of Credit Loans range from 240% APR up to 450% APR.
An Installment Loan with Advance Financial offers a fixed APR. The APR is determined based on your state of residence, the amount of your loan and the length of time your loan is outstanding. Your exact APR is included in your loan documents.
Our loans range from $25 up to $4,000, depending on the state where you live and the amount you qualify for.
Your money is usually sent to your account within a day. Bank participation is required for this option.
You can pay off your loan early without penalty and if you have a Line of Credit loan, we will even keep it open so you can withdraw more money at a later date.
With a Line of Credit Loan, we will keep your account open so you can get the cash you need later. With an Installment Loan, you do have to reapply.
Installment Loans can be refinanced once certain criteria are met. A customer service representative is always happy to help you with this process.
There are a couple of ways to get a loan with us. You can go online at af247.com and complete our simple application or in Tennessee, visit one of our many retail locations across the state and we'll be happy to help you. You can also download our mobile application either in Google Play or in the IOS App Store.
We only offer Line of Credit Loan or Installment Loans and this is dependent on the state where you live.
Store Questions
We have stores all across Tennessee from Millington to Bristol and everywhere in between. For a complete list of our stores visit our locations page.
Prior to March 31, 2024 we cashed all types of checks. However, we no longer offer check cashing services.
Prior to March 31, 2024, all you needed was the check and your photo I.D. However, we no longer offer check cashing services.
- Photo ID
- Proof of Income
Prior to March 31, 2024, our money orders were always free. You could have gotten a free money order at any of our many store locations. However, we no longer offer money order services.
Prior to March 31, 2024, you could pay bills at over 100 utilities and vendors at any of our Advance Financial locations. However, we no longer offer bill-pay services.
Prior to March 31, 2024, you could pay your cell phone bill at any Advance Financial location. However, we no longer offer bill-pay services.
Prior to March 31, 2024, you could send money using our Western Union services. However, we no longer offer Western Union services.
Prior to March 31, 2024, you could send money using our Western Union services. However, we no longer offer Western Union services.
Prior to March 31, 2024, you could send money using our Western Union services. However, we no longer offer Western Union services.
COVID-19 Questions
We are always happy to help. If you are having trouble making your payment, please contact our Retention Team at 615-246-0172.
