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Advance Fiscal reported its flex loans are much less high priced than payday loans, but that is only legitimate When the loan is paid off in a number of months -- and critics mention that almost never happens.
But, the higher Organization Bureau tells NewsChannel five that they have got viewed a spectacular spike in issues from other Advance Fiscal shoppers who identified as flex loans "unethical and predatory," "an outrage" and "a rip off."
"We know that the FLEX Loan is not the appropriate match For each consumer. Some people might want payday loans, title loans or installment loans. Progress Economic presents the FLEX Loan since we consider it's a far better item in the majority of cases.
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Her customer advocacy group fights what she phone calls "abusive financial procedures," and they may have taken a stand towards flex loans.
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