This is the bottom slider area. You can edit this text and also insert any element here. This is a good place if you want to put an opt-in form or a scarcity countdown. FLEX Loan Benefits- Instant Line of Credit Online. Advantages of FLEX Loans: We know how hard it is to make ends meet before your payday. You might need a rapid cash inflow to feed your immediate necessities.

The dangers of cash loans

The main problem with payday loans is the astronomical finance charges. According to the Consumer Financial Protection Bureau (CFPB), you may pay 10 to 30 to borrow 100. If you pay 15 to borrow 100 for two weeks, thats an APR of a whopping 400. Many lenders allow you to pay only the interest and roll over the loan. This tempting scenario traps many low-income borrowers in a cycle of debt since they can only afford to pay back the interest.

In fact, the CFPB has found that more than a third the dangers of cash loans borrowers take out between 11 and 19 payday loans over the course of a year.

The dangers of cash loans

How our loans work. You apply online. Its easy to apply for a cash loan online. You can use your computer, smartphone or tablet. It only takes 5 mins. We check confirm.

The dangers of cash loans