But a brand new item called a flex loan is quickly becoming the industry norm.

It is an open-ended personal credit line with an impressive 279per cent annual rate of interest. Tennessee is among the very first states where you are able to obtain the brand new flex loans. Like pay day loans, these loans have high rates of interest. Even though those who work into the industry say loans that are flex a lot better than old-fashioned pay day loans, both experts and customers we chatted to say you need to be cautious because flex loans...

Read More