Flexible Finance short-term loans review

What is Flexible Finance?

Flexible Finance is a short-term loan provider that offers payday, installment and auto title loans to borrowers of six states. It doesn’t have an online loan application, which means you’ll need to visit a store to apply.

How much you can borrow depends on the type of short-term loan you’re interested in and where you live. In general, you may be able to borrow up to $500 with a payday loan, up to $2,500 with an installment loan and up to $10,000 with an auto title loan.

Loan terms also vary by state and loan type — with payday loans having the shortest term of just a few weeks, and installment and auto title loans lasting anywhere from six to 12 months.

And when it comes to costs, you’ll be charged interest and fees that vary based on where you live, how much you borrow and your loan term. Like with most short-term loans, don’t be surprised to see APRs in the triple digits — or even higher.

What are the benefits of Flexible Finance short-term loans?

Here are a few perks of taking out a loan from Flexible Finance:

• Quick turnaround. Because you have to apply at a storefront, you’ll receive your loan funds the same day you’re approved.
• Multiple loan options. Flexible Finance offers payday, installment and auto title loans — though options are limited depending on where you live.
• Referral program. For every person you recommend to Flexible Finance that takes out a loan, you may receive up to $40.
• Community involvement. Flexible Finance donates to local charities, including the Make-A-Wish Foundation of Missouri and the Hope Lodge of St. Louis. It also provides financial education courses for children and adults.

What to watch out for

Consider these potential drawbacks before taking out a short-term loan from Flexible Finance:

• Limited state availability. Flexible Finance is only available in six states. And since you have to apply in person, you’re out of luck if you don’t live near one of its storefronts.
• Not available online. Instead of offering online loans directly, Flexible Finance refers customers to its partner Blue Frog Loans.
• High APRs. Because some states allow you to borrow as little as $50, you may face APRs over 1,000%. If you only need to borrow a small amount, you may want to consider a pay advance app instead.
• No BBB or Trustpilot reviews. Flexible Finance doesn’t have a Trustpilot page, and it’s Better Business Bureau (BBB) page is empty. This means you won’t know how others fared before you take out a loan.

Compare other short-term loan options

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OppLoans Installment Loans			$500 to $5,000	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.	Go to site More Info		loading Fetching your data...
Stilt			$1,000 to $25,000	2 to 3 business days	Be employed, have a US bank account, live in a state where Stilt operates, hold one of the following visas: F-1 and OPT, H-1B, H4, O-1, L-1, TN, J-1, DACA or be a US citizen.	No green card? You could still qualify for a personal loan.	More Info		loading Fetching your data...
Fast5kLoans Short-term Loans Connection Service			$100 to $35,000	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.	Go to site More Info		loading Fetching your data...
LendYou Short-term Loans			$100 to $2,500	Same business day to 1 business day	$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.	Go to site More Info		loading Fetching your data...
Monevo Installment Loans			$500 to $100,000	Varies by lender	Credit score of 500+, legal US resident, ages 18+	Quickly compare multiple online lenders with competitive rates depending on your credit.	Go to site More Info		loading Fetching your data...
Fig Loans Installment Loans			$200 to $800, varies by state	As soon as the same business day	3 months of direct deposits, $1400 per month income, positive bank account balance	Get an affordable installment loan that comes with no fees, flexible terms and predictable monthly repayments.	Go to site More Info		loading Fetching your data...

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Is it safe to apply for a loan from Flexible Finance?

Yes, Flexible Finance has an encrypted website and an industry-standard privacy policy. And since it doesn’t offer an online application, you won’t have to worry about your personal information being compromised online. While this adds an extra layer of security, you should confirm your paper application will be stored in a secure location when you apply in person.

Flexible Finance reviews and complaints

Am I eligible?

To be eligible for a loan from Flexible Finance, you’ll need to meet the following requirements:

• Proof of income
• Active checking account
• Government-issued ID
• US citizen or permanent resident
• At least 18 years old

How do I apply?

Since Flexible Finance only offers loans in stores, you’ll need to find a branch near you to apply. Follow these steps:

1. Go to Flexible Finance’s website and find a location near you.
2. Visit the store with your ID and proof of income, along with any other documents you need.
3. Fill out an application with help from one of Flexible Finance’s associates.
4. Wait for an approval decision.

Provided you have all the information you need to apply, it should only take a few minutes to complete your application. And if you’re approved, you’ll receive your loan funds before you leave the store.

What documents do I need to apply?

The documents you need to bring to a Flexible Finance branch vary by loan type:

• Payday and installment loans

  • Driver’s license or state-issued ID
  • Proof of employment or income
  • Proof of an open checking account

• Auto title loans

  • Vehicle with a lien-free title
  • Driver’s license or state-issued ID
  • Proof of insurance and registration
  • Proof of an open checking account
  • Proof of employment or income
  • Most recent pay stub

I got a short-term loan. Now what?

The most important part of borrowing a loan is repaying it on time. Flexible Finance allows borrowers to choose between several payment options, including:

• ACH
• Cashier’s check
• Cash
• Money order
• Debit card — Visa or Mastercard only

If you’re unable to make your payment, contact Flexible Finance right away to discuss your options and potentially avoid additional missed payment fees. Flexible Finance may report late installment and auto title loan payments to Transunion as well as other, alternative credit reporting agencies.

Bottom line

Flexible Finance offers several short-term loan options to borrowers in six states. But it doesn’t offer an online application, so you’ll need to visit a local storefront to apply in person.

Looking for an online lender? Compare your other short-term loan options or consider one of these less-expensive payday loan alternatives instead.

Frequently asked questions

• How can I get in touch with Flexible Finance?

  You can visit a Flexible Finance location or call its helpline at 877-386-0561.

• Will I need to have collateral for my loan?

  It depends. If you opt for a payday or installment loan, you won’t have to put up any collateral. But if you choose an auto title loan, you’ll need to have a lien-free title to secure your loan with.

• Why can't I apply online?

  Rather than offer online loans itself, Flexible Finance has partnered with Blue Frog Loans to provide loans to online borrowers. If you want an online loan, you can visit Blue Frog Loans or compare your other online short-term loan options.