MyFlexCash payday loans review

This tribal lender skirts around state regulations to offer loans in all 50 states.

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1 business day

Turnaround time


Product NameMyFlexCash payday loans
Min. Amount$200
Max. Amount$1,000
Loan TermVaries
Turnaround Time1 business day
RequirementsValid bank account, employed, $1,000+ monthly income, US citizen or permanent resident, ages 18+

MyFlexCash offers short-term loans to residents of all 50 states. But you need a job to qualify. And its high fees could lead to APRs in the thousands.

What is a payday loan from MyFlexCash?

MyFlexCash is a tribal lender run by Red Hawk Financial, which operates under the Mechoopda Indian Tribe of Chico Rancheria. It offers short-term loans from $200 to $1,000 — though first-time borrowers may not be eligible for the highest amounts. And they’re typically due by your next pay day.

When it comes to costs, MyFlexCash charges $30 per $100 borrowed — which could result in APRs in the thousands. It’s able to charge such high fees because as a sovereign enterprise, it doesn’t have to abide by state payday loan regulations.

Once approved, you’ll receive the funds in your checking account as soon as the next business day.

What states is MyFlexCash available in?

As a tribal lender, MyFlexCash offers payday loans to residents of all 50 states.

What are the benefits of a payday loan from MyFlexCash?

There are a few perks to borrowing with MyFlexCash, including:

  • Available in all 50 states. Since MyFlexCash doesn’t have to follow state regulations, it’s able to offer its payday loans to residents of all 50 states.
  • Borrow more before paying back original loan. Repeat customers may be able to borrow additional funds before paying off their current advance, provided the request is made more than five days before your loan’s due date.
  • Direct lender. As a direct lender, you’ll only be working with MyFlexCash throughout the entire application, funding and repayment process.

What to watch out for

Consider these potential drawbacks before taking out a loan from MyFlexCash:

  • High fees. MyFlexCash charges $30 per $100 borrowed, which could lead to APRs in the thousands.
  • Stricter eligibility requirements. You not only need to have a job, but you also must bring in at least $1,000 a month to qualify for a loan with MyFlexCash.
  • Tribal lender. Because MyFlexCash doesn’t have to abide by state laws, there’s the risk its lending practices aren’t necessarily aboveboard. And as a sovereign nation, it can’t be sued if something does go wrong.

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Is it safe to apply for a loan with MyFlexCash?

Possibly. While it encrypts any personal information you enter on its online application, its privacy policy leaves a lot to be desired. It doesn’t explain what kind of information it collects, just that it will collect it. And beyond a few lines about your information potentially being shared, there are no details on how you can limit collection or sharing. If you’re worried, you might want to reach out to MyFlexCash directly to ask more about its policies.

What do borrowers say about MyFlexCash?

It depends on what customer review site you check. As of May 2019, it’s not accredited with the Better Business Bureau (BBB) and only earns a C+ rating. It doesn’t have any customer reviews listed, though six people filed complaints against the company due to its high fees and mishandling of repayments.

It fares better on Trustpilot, scoring a 9.1 out of 10 based on nearly 200 customer reviews. Though they were all from “verified orders,” we were a bit suspicious that the majority of these reviews were positive one-liners left over the past few weeks. From our past experience looking at borrower reviews, we found this a bit unusual.

Either way, we recommend reading over your contract carefully before signing an agreement with MyFlexCash to ensure you understand the full cost of your loan.

Am I eligible?

To qualify for a payday loan from MyFlexCash, you need to meet the following requirements:

  • Monthly income of at least $1,000
  • Employed
  • Open bank account
  • Active phone number and email address
  • US citizen or permanent resident
  • At least 18 years old

How do I apply?

To apply for an installment loan with MyFlexCash, follow these steps:

  1. Visit MyFlexCash’s website and enter your full name, email and desired loan amount. Click Apply.
  2. Enter information about yourself, including your Social Security number, date of birth and address. Click Next Step.
  3. Enter information about your bank account, employment status and income, then read MyFlexCash’s wireless policy. Click Next Step.

MyFlexCash will process your application and send an email detailing your approval status. If you submit your application before 3 p.m. ET on a weekday, your loan may be funded the next business day. If you apply outside of business hours or on the weekend, it may take two or more business days to receive your funds.

What information do I need to apply?

Have the following information on hand to speed up the application process:

  • Bank account details
  • Driver’s license or state ID number
  • Social Security number
  • Employer’s contact information

I got a payday loan from MyFlexCash. Now what?

Once you have your funds, check your loan agreement for the due date — typically your next pay day — and amount you owe. If you can’t make your repayment, reach out to MyFlexCash at least two business days before your due date to extend your loan. However, be aware that this will likely add to the cost of your loan.

Bottom line

As a tribal lender, MyFlexCash may be able to offer you a payday loan — even if your state government bans them. But its high fees and strict eligibility requirements might make you want to look elsewhere.

Before you commit, compare your other short-term loan options or consider one of these payday loan alternatives instead.

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