Title Loans Alternative in Alabama
Do you need instant cash to pay your bills and meeting other necessities? Then in Alabama, Advance Financial offers FLEX Loans for your monetary needs. Unlike Title loans where you need to use car title as a collateral, FLEX Loans operate with an open-ended line of credit from which you can borrow up to $4000.
The maximum loan amount of Title Loans in Alabama is $10000 and the amount you get varies by the value of your car. In general, you only get a fraction of the total value of your car as a loan amount. Moreover, Title Loans are secured loans and will keep your car as a collateral. On the other hand, FLEX Loans are unsecured and requires no security to take a loan. With FLEX Loans you can get up to $4000 along with an open line of credit, which allows you to get extra cash within your credit limit whenever you need. Loan tenure of Title Loans is fixed and you need to pay the loan balance within the specific period. If you fail to repay the loan on time the lender will own the title of your car. With FLEX Loans, you can repay the loan in flexible intervals by paying the minimum amount on each due date.
Altogether, Advance Financial in Alabama offers FLEX Loans from $10 to $4000 with an open line of credit which allows you to take excess funds within your credit limit whenever you need. Moreover, FLEX Loans features a flexible loan tenure and allows you to pay interest only on the amount used. You can pay back the loan in minimum amounts on each due date.