Top 279 loan Secrets

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Progress Financial reported its flex loans are significantly less highly-priced than payday loans, but which is only true In case the loan is paid out off in just a couple months -- and critics state that seldom takes place.

"We've written a hundred thousand flex loans past 12 months, and many our buyers really like them," Tina Hodges informed NewsChannel five Investigates

But the chief govt officer of Progress Economical, one of the biggest flex loan lenders within the state, is bought on them.

And while she's convinced flex loans are an improved products for consumers, not all shoppers are persuaded.

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"The bottom line is the fact that flex loans are merely One more name for just a payday loan -- and also a more info payday loan by any name is simply a financial debt entice," Standaert insisted.

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Stop interest from accruing on your account—meaning you pays extra desire around the lifetime of the loan

Late previous year, the Center produced a scathing report describing flex loans as "excessively priced" and "laden with charges."

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