Advance Financial’s Flex Loan charges 279.5% interest, trapping thousands of borrowers in debts that end up in court, where the company has won over $200 million in judgments since 2015.
By
@friedmanadam5.bsky.social, w/
@tennesseelookout.com
This Lender Said Its Loans Would Help Tennesseans. It Has Sued More Than 110,000 of Them.
The Flex Loan, a type of payday loan pioneered by Advance Financial, has burdened low-income borrowers while generating huge profits for lenders. Tennessee lawmakers declined to rein in the lending bu...
[This account was taken down by their PDS (Bluesky PBC)]May 11, 2025 14:10
