Profile cover photo
Profile photo
Advance Financial
824 followers -
AF24/7-FLEX Loans, Online Cash Advance Loans & More
AF24/7-FLEX Loans, Online Cash Advance Loans & More

824 followers
About
Posts

Post has attachment
Payday Loans or Advance Financial Flex Loans: The Choice is Yours.

Payday loans sometimes seem like the greatest blessing, especially when there is just no other way of getting the money you need. The ever-growing number of people who take out these loans may make it look as if payday loans are a safe option. After all, so many people can’t be making an unwise decision, that too almost on a regular basis. But one needs to stop and consider that why mostly the same people are taking out such loans repeatedly. If you know anyone personally who has taken a payday loan more than just once, ask them and you will know the reality. They are not taking these loans repeatedly because it is convenient, but because the added loan cost to the principal amount makes it difficult to get out of the debt at once.
A payday loan is a short-term and instant loan, often taken out as tiny amounts like $500 or less. Such loans are generally due on one’s next payday. The cost of the loan may range from $10 to $30 for every $100 borrowed. The rates of interest are invariably high for all payday loans. For instance, a two-week payday loan with a $15 fee per $100 borrowed equates to an annual percentage rate (APR) of almost 400 percent. The total principal and the loan fee is required to be paid back at the end of the loan term. Most borrowers are unable to do so and that causes the loan to roll over into a new loan with a new loan fee.
Now the question arises, what would low-income Americans do if not go for payday loans? There are other types of instant loans as well, such as, title loans or installment loans. However, all of them come with some or the other hidden terms that render those loans highly expensive. Whereas, Advance Financial Flex Loans are different than the rest. The first difference lies in the fact that Advance Financial Flex Loan is provided in the form of an open line of credit. As any unsecured, instant loan, the interest rates are higher than traditional loans for Flex Loans, but it is still less expensive than payday loans. The interest levied on Advance Financial Flex Loans works operates differently. A borrower is required to pay the interest only on the amount withdrawn from their maximum limit, for the time it is withdrawn. The remaining amount does not incur any interest, while being available to be used at any time one needs. There is no possibility of loan rolling over cost here because your one Flex Loan in the form of open line of credit usually extends till you can repay the entirety of it.

Photo
Add a comment...

Post has attachment
Need funds fast? Conveniently apply on your smart phone and get approved for up to $4,000! http://ow.ly/bGpw30ffurg
Add a comment...

Post has attachment
This past weekend a few of our Advance Financial team members participated in the Hero’s In Recovery 6K. The 6k was presented by Foundations Nashville, an outpatient treatment center of Foundations Recovery Network whose mission is to be the leader in evidence-based, integrated treatment for co-occurring mental health and substance use disorders through clinical services, education and research. #AFcares
Photo
Add a comment...

Post has attachment
We’ve all been there. Stress caused by finances can take a toll on one’s physiological state. Learn some tips on how to manage that stress by clicking below.
Add a comment...

Post has attachment
At a recent grand opening in Clinton,Tn, we were happy to donate $1,000 to the local Anderson County 4-H Club. #Afcares
Photo
Add a comment...

Post has attachment
Seeking a rewarding new career? We are hiring – check out our careers page for insight into a career at AF 24/7 and to view available positions! https://www.af247.com/careers/
Photo
Add a comment...

Post has attachment
It’s no secret that a lot of times the healthier food options at grocery stores or restaurants are the more expensive options. Check out our latest blog post on how to eat healthy cheap.
Add a comment...

Post has attachment
Life's little mishaps don't just happen from 8-5. That's why we are here day and night.
Photo
Add a comment...

Post has attachment
Life happens for all of us. Find out when and how to utilize the service of short-term loans.
Add a comment...

Post has attachment
Advance Financial Foundation donates 100 Subway Gift Cards to Stay Local Nashville who is helping to house many families who have escaped Hurricane Irma. #afcares #afgives
Photo
Add a comment...
Wait while more posts are being loaded