Advance Financial 24/7 Review: Fast Cash But Triple-Digit Interest Rates

Is Advance Financial 24/7 legit?

Advance Financial charges rates that can reach 450%, but it still operates as a legitimate lender offering installment loans and lines of credit. It was founded in 1996 in Franklin, Tennessee, and is family-owned and operated.

Its site has a valid security certificate, and its privacy policy covers standard sharing procedures. When you apply for a loan through Advance Financial, you’ll give it access to your personal information and bank account. Although your banking data remains safe, Advance Financial may use your personal information for marketing purposes.

Where Advance Financial falls short

You may think credit card interest rates are steep, but they don’t even compare to Advance Financial’s, which start at 240% and can go as high as 450%. These types of loans are meant to be used in emergencies only and paid back ASAP.

Plus, it also offers lines of credit — aka, flex loans. With these types of loans, you can repay and keep borrowing again and again, which makes it easier to overspend. And, while Advance Financial doesn’t specifically state that it charges fees on top of interest, that’s a common practice for credit lines. If you decide to go this route, watch out for hidden charges such as draw fees or account maintenance charges.

What makes Advance Financial 24/7 shine?

The only real upside to a company like this is that it provides borrowing options for people with poor credit. It also offers in-store options for people in Tennessee without internet access.

But before you jump in, it’s worth checking out other bad credit personal loans that can also offer fast funding but typically have more reasonable rates. You may also want to explore other alternatives to personal lines of credit. Your own bank or a local credit union could be a great place to start.

For small emergency loans, you may want to consider a cash advance app instead. There’s typically no credit check, interest or late fees, you may be able to borrow up to $500 or more, and practically anyone with a job and a bank account can qualify.

Advance Financial 24/7 loan details

Advance Financial 24/7 contact info

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How to qualify for Advance Financial

These are the general requirements to qualify with Advance Financial:

• US citizen or permanent resident
• Age of majority in a state the lender services
• Bank account
• Proof of income
• Valid photo ID

How to apply

Follow these steps to apply online at Advance Financial:

1. Visit Advance Financial’s site and hit the Get Cash Now button.
2. Create an account.
3. Fill out the required information, which includes your Social Security number.
4. Submit your application and wait to find out if you’ve been approved.

If you live in Tennessee, you can apply in person at one of 50+ store locations. You can also apply through its mobile app.

How Advance Financial 24/7 compares to other lenders

5 of 5 results

Updated regularly

Finder Score	Loan amount	Turnaround time	Requirements	bullet point infobox
Promoted Finder score 9.5 Excellent EarnIn	Finder score 9.5 Excellent	Up to $150/day, with a max of $1000 between paydays	1 to 2 business days or within 30 minutes for a fee	At least 18 and a US resident, Valid Social Security number, At least 60 days of banking history, Proof of consistent income, Positive bank balance, Get paid by direct deposit.	Access up to $150 per day, with a max of $1000 between paydays. Subject to EarnIn terms & conditions.	Go to siteView details Compare product selection Compare	loading
Promoted Finder score 9.4 Excellent OppLoans Installment Loans	Finder score 9.4 Excellent	$500 to $5,000	As soon as the same business day	+18 years old, Receive paychecks through direct deposit, $1,500 minimum monthly income, Live in eligible state	Not available in: CO, CT, GA, IA, MD, MA, NY, SD, VT, WV. Comes with the option to change your due date so you won’t fall behind on repayments.	Go to siteView details Compare product selection Compare	loading
Promoted Finder score 8.7 Great Current	Finder score 8.7 Great	$50 to $750	Up to 3 days or within an hour for a fee	Among other factors, you must receive a monthly total of $500 or more in Eligible Payroll Deposits into your Current Account.	Get up to $750 before payday, once you qualify. Paycheck Advance is an earned wage access service and is not a loan or credit product. Subject to Paycheck Advance Terms and Conditions.	Go to siteView details Compare product selection Compare	loading
Finder score 9.1 Excellent CreditNinja Installment loan	Finder score 9.1 Excellent	$300 to $5,000	1 to 2 business days	Checking account at least 60 days old, regular income through direct deposit, resident of eligible state, age of majority in your state	Not available in: AK, CO, CT, FL, GA, IL, IA, KY, ME, MD, MA, MT, NV, NH, NJ, NM, NY, NC, ND, OR, VT, VA, WA, WV. Fast online funding up to $5K, but you won't know about rates and terms until after you apply.	Go to siteView details Compare product selection Compare	loading
Finder score 8.2 Great Cleo	Finder score 8.2 Great	Up to $250	3 to 4 days or instant for a fee.	Not stated	Automatically monitor your spending plus access cash advances up to $100 at a time.	Go to siteView details Compare product selection Compare	loading

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How we picked these

What is the Finder Score?

The Finder Score crunches 3+ types of short-term loans across 65+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.

To provide a Score, we compare like-for-like loans. So if you're comparing the best short-term loans for all credit types, you can see how each short-term loan stacks up against other short-term loans with the same borrower type, rate type and repayment type.

Read the full breakdown

Advance Financial 24/7 reviews and complaints

Advance Financial has mixed reviews on Trustpilot and the Better Business Bureau (BBB). Satisfied customers praise the fast and easy application process and friendly service.

But others complain of triple-digit APRs, problems with the online application and receiving a lower amount than they were approved for. Several customers also said they were accruing interest and had payments due on loan funds they hadn’t even received yet.