However a brand new item called a flex loan is quickly becoming the industry norm.

However a brand new item called a flex loan is quickly becoming the industry norm.

It is an open-ended personal credit line with an impressive 279per cent yearly interest.

Tennessee is amongst the very very first states where you could have the flex that is new. These loans also have high interest rates like payday loans.

Even though those into the industry say flex loans are much better than old-fashioned payday advances, both experts and customers we chatted to say you have got to be cautious because flex loans are hard to pay back. (more…)

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