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Advance Financial 24/7 short-term loans review

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Need a cash loan but want more time to pay? These lines of credit could be the answer.

Not every financial setback can be solved with a payday loan. If you’re like most Americans, you may find it hard to pay back what you owe by your next check. Advance Financial 24/7 has a different type of short-term loan. You’ll have access to your funds whenever you need it and you won’t have to pay everything back by your next payday. But it’s only available in 11 states and like many short-term loan options, comes with triple-digit rates.


Min. Amount


Max. Amount


Product NameAdvance Financial FLEX loan
Min. Amount$25
Max. Amount$4,000
Loan TermVaries
Loan SecurityUnsecured
RequirementsHave a state-issued photo ID, a verifiable source of income, an open bank account and be the age of majority in your state.

What is a flex loan from Advance Financial 24/7?

Advance Financial 24/7 has offered flex loans to borrowers across the US for 20 years. Unlike payday loans, a flex loan functions more like a line of credit combined with a short-term installment loan. You can apply for a credit limit between $2,000 to $4,000 in most states. If approved, you can withdraw from your line of credit as you need and only pay interest on what you borrow.

Flex loans are available online in Alabama, California, Delaware, Idaho, Kansas, Missouri, North Dakota, Utah, Virginia and Wisconsin. Residents of Tennessee can apply either online or in store.

What are the benefits of flex loans?

  • Not a payday loan. Flex loans function like lines of credit. You can borrow however much — or little — you want, and you only pay interest on the amount you take out.
  • No late fees. You won’t be charged a late fee if you miss your due date. This makes it easier to pay back your loan, although take caution: The larger your balance, the more you owe in interest.
  • Variety of in-store services. Residents of Tennessee have access more than just flex loans. You can pay your bills, make copies and send faxes at any of the Advance Financial 24/7 store locations.

What to watch out for

  • High interest rates. Short-term loans have notoriously high interest rates. You should expect to pay much more in interest than you would with traditional loan options.
  • Little information online. The frequently asked questions sections covers the basics, but to get information on loan terms and repayment, call Advance Financial 24/7 to get more information.
  • Limited state availability. Advance Financial is only available 11 states. If you don’t live in one of the states listed above, you won’t be able to apply.

Compare more short-term loan providers

Data indicated here is updated regularly
Name Product Filter Values Max. Loan Amount Turnaround time Requirements
OppLoans Installment Loans
1 business day
Direct deposit, meet minimum income requirements, live in eligible state
Comes with the option to change your due date so you won’t fall behind on repayments.
Check Into Cash Payday Loan
1 to 2 business days
Bank account, email address, phone number, US citizen or permanent resident, ages 21+
Plus, get access to check cashing, cell phone top ups, bill pay and more at one of its many storefronts.
Fast5kLoans Short-term Loans Connection Service
As soon as the next business day
Regular source of income, verifiable bank account, US citizen, ages 18+
Get connected with multiple lenders you might qualify with — even if you have bad credit.
LendYou Short-term Loans
Same business day to 1 business days
$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Get offers from potential lenders in minutes by filling out just one online form.
Possible Finance Mobile Installment Loans
As fast as 1 business day
Checking account with 3+ months of banking history, $750+ monthly income, live in eligible state, ages 18+
Borrow up to $500 with just a few swipes — but only for residents of 5 states.

Compare up to 4 providers

Beware of high interest rates

Flex come with APRs between 240% to 360%. This can mean high interest payments every month, even on small amounts. Although there are no late fees, missed payments and insufficient funds may result in paying more monthly. As with all short-term loan products, a flex loan from Advance Financial 24/7 shouldn’t be used to solve long-term financial issues.

Is it safe to apply with Advance Financial 24/7?

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

What does the Internet say about Advance Financial 24/7?

As of September 2018, Advance Financial 24/7 gets mixed online reviews. Although it’s not accredited by the Better Business Bureau (BBB), it has an A+ rating based on factors like transparency and time in business.

Many negative reviews concern the high cost of the loan and other services provided by Advance Financial stores. The few positive reviews generally center on the customer service available at store locations and the usefulness of quick access to credit.

Am I eligible?

When you apply for a flex loan from Advance Financial 24/7, you need to meet these basic criteria:

  • Have a state-issued photo ID.
  • Have a verifiable source of income.
  • Have an open bank account.
  • Be the age of majority in your state.

How do I apply?

You can apply at an Advance Financial location near you or online by following these steps:

  1. Visit Advance Financial’s site and click the Get Cash Now button.
  2. Create your account or sign up with your Facebook, Google or LinkedIn 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.

How to apply step-by-step with screenshots

I got a flex loan — what’s next?

Flex loans are revolving lines of credit. This means that your line of credit opens back up as you pay down your balance — similar to a credit card. You can continually draw from it for as long as you need. This sets flex loans apart from other short-term loan options that require you to reapply after your loan is paid off.

You can withdraw money from your loan account up to your credit limit and choose to pay the minimum amount due or pay off your balance. By paying your balance, you save on interest. The longer you hold a balance, the more you’ll pay in the long run.

Bottom line

If you regularly need short-term loans but don’t qualify for a credit card or other line of credit, a flex loan from Advance Financial could be the solution. It allows you to borrow money when you need it, and gives you time to pay it back, unlike a payday loan. However, the limited state availability means you may not be able to create an account with Advance Financial.

To learn how Advance Financial’s flex loans compare to other short-term options, check out our guide to compare your options.

Frequently asked questions

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  1. Default Gravatar
    November 5, 2019

    Can u still get a loan with low credit score

    • Avatarfinder Customer Care
      November 6, 2019

      Hi Tammy,

      Thanks for your comment and I hope you are doing well.

      Yes, you can apply for a loan even when your credit score is low. You can find a variety of lenders on our page about payday loans.

      On the page, you will find a table that asks for your state. Enter your state and it will show the lenders available in your location. You will find a table that compares the features and benefits of each loan provider such as turnaround time, requirements and etc. This way it will be easier for you to see which provider fits you best. You will also find a guide on how to apply for a payday loan.

      As a friendly reminder, carefully review the eligibility criteria of the loan before applying to increase your chances of approval. Read up on the terms and conditions and product disclosure statement and contact the bank should you need any clarifications about the policy.

      Hope this helps and feel free to reach out to us again for further assistance.


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