Online Flex Loans: Direct Lenders Questions Answered
July 2, 2021 | Emma Frost
Would you like to find out more about the online flex loans direct lenders provide? You have come to the right place.
We are going to look at the definition of flex loans, their advantages, and the acquisition process. We'll also answer some of your most frequently asked questions.
The Definition Of Online Flex Loans
The terms flex loan, flexible loan, and line of credit are used interchangeably by both borrowers and lenders. They come with simple eligibility requirements, making them an option for those with below-average credit scores.
Flex loans are unsecured loans. This means there is no collateral needed to get the loan.
They are a type of "on-demand" money. When you get your flex loan at Tennessee Title Loans, Inc., you can draw up to $4,000 for a pre-defined period of time whenever necessary. As soon as you repay the loan, the amount is available for drawing again.
To put it simply, as long as you adhere to the agreement, you can choose when to take out the money and pay it back.
The Benefits Of Online Flex Loans
Let's take a look at the top 5 benefits of online flex loans direct lenders can provide.
1. Early Repayments Are Allowed
Traditional loans often come with caveats stating that early repayments aren't allowed. But with flex loans, this isn't the case.
Since it's an on-demand financing option, you repay the amount you borrow within a pre-defined time frame. However, if you can afford to pay it off early, you can without incurring extra fees. It's that simple.
2. You Can Make Overpayments
In borrowing agreements like mortgages, overpayments aren't a good idea due to the extra charges. However, this isn’t the case with flex loans. If you can pay back more than your agreed rate one month, do it! You'll pay off the loan faster.
3. Speedy Access To Cash
Once you've signed the agreement, you can access your line of credit or flex loan whenever you need it. Of course, we recommend only using the money for emergencies.
4. All Financial Backgrounds Are Welcome
We will check your credit before we approve you for one of our flexible lines of credit. However, it isn’t a major deciding factor, and you have a chance to qualify whether you have perfect, less-than-average, or non-existent credit scores.
We'll discuss your options and decide whether getting an online flex loan is a suitable option.
How To Get One Of The Online Flex Loans Direct Lenders Offer
Follow the steps below and you will receive the money you need for your emergency after a qualifying process that takes less than an hour.
- Fill in the online inquiry form on Tennessee Title Loans, Inc. It's quick and easy.
- Sit back and wait a few minutes for one of our loan representatives to give you a call. This is also an opportunity to ask them any questions.
- Once the call is over, take your government-issued photo ID card, proof of income, vehicle title, and your vehicle to your closest Tennessee Title Loans, Inc.
- When you arrive, one of our friendly representatives will evaluate your items and inspect your vehicle.
- Go through the final steps of the process with the loan representative if you're approved.
- Receive your cash on the very same day (or the next day, depending on bank delays).
Frequently Asked Questions About Online Flex Loans Direct Lenders
We get many questions about our flex loans. Find the answers to the two most common queries here.
Where Is The Closest Tennessee Title Loans, Inc. Location?
We have locations across the state for you to choose from. It's easy to find the nearest storefront to your address thanks to Tennessee Title Loans, Inc.’s store locator.
How Do I Know If A Flex Loan Is Right For Me?
When you're in a pinch, you need access to money rapidly. Flex loans, therefore, might be an option to consider in this situation.
You also benefit from their flexible nature, which means that once you are approved for one, you can use it and reuse it as you wish. You don’t need to apply for a new loan every time you find yourself facing an emergency.
If you are unsure whether your circumstances require a flex loan, don't hesitate to give us a call. One of our loan specialists will be glad to chat with you and answer your questions.
Acquire An Online Flex Loan Today
Start the online flex loans direct lenders, such as Tennessee Title Loans, Inc., offer. You have a chance to get approved for one before the end of the day!