FlexLending

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If you’re in the market for a personal loan, FlexLending may have come up as an option. But is myflexlending.com legit? Is it a scam? In this FlexLending review, we’ll take a look at what this company is all about and whether or not you can trust them.

FlexLending is a lending company that offers flex loans. They claim to have repayment terms and no hidden fees, which sounds great. However, this lender has come under fire for bait and switch tactics. Some customers have reported being approved for a flex loan and then having the interest rate and terms change when it’s time to get approved for the loan.

This lender is not accredited by the Better Business Bureau (BBB), and they have an A- rating. With a 1-star rating on the BBB, FlexLending is not looking too good.

So, what’s the verdict? Is FlexLending a scam or legit? Unfortunately, it’s hard to say for sure. While there are some red flags, it may still be a legitimate company. If you decide to go with them, be sure to read the fine print carefully and watch out for any sudden changes in terms.

FlexLending Review: Is It a Scam? Or A Flex Loan? 1

FlexLending Pros and Cons

If you’re considering a personal loan, FlexLending may be one option to consider. But like any other lender, there are both pros and cons to using their services. Here’s a rundown of what you can expect if you choose to work with them.

PROS:

  • Personalized repayment plans: One of the benefits of working with this company is that they offer personalized repayment plans. This means that you can tailor your repayments to fit your budget and financial situation.
  • No prepayment penalties: Another plus is that there are no prepayment penalties if you decide to pay off your loan early. This can save you money in the long run if you’re able to do so.

CONS:

  • Bait and switch: One of the biggest complaints about this lender is that they engage in bait and switch tactics. This means that they may advertise one rate or repayment plan, but then try to change the terms once you’ve already applied for a loan. Be sure to read the fine print carefully before agreeing to anything.
  • Limited loan amounts: Another downside is that it only offers flex loans up to $2,500. So if you need a larger loan, you’ll have to look elsewhere.

Be sure to do your research before applying, so you know what to expect.

FlexLending Review: Is It a Scam? Or A Flex Loan? 2

What is FlexLending?

FlexLending loans are typically unsecured, meaning they don’t require collateral like a car or home.

Flex Loans can be a good option if you need money for a short-term goal, such as consolidating debt or paying for an emergency expense. However, you should be aware that Flex loans often come with high-interest rates and fees, so it’s important to compare offers from multiple lenders before choosing one.

If you’re considering taking out a loan with them, watch out for bait and switch tactics. Some lenders advertise low-interest rates but then switch you to a higher rate once you’ve applied for the loan which makes it impossible to pay interest.

How does FlexLending work?

myflexlending.com is a personal loan company that offers Flex loans of up to $2500. The company has an easy application process and promises quick approval and funding. However, they have been known to charge high-interest rates and fees, which can make it difficult for borrowers to pay interest on their Flex loans.

Additionally, the lender does not disclose all of the terms and conditions of their flex loans, which can leave borrowers feeling blindsided when they are hit with hidden fees or charges.

How To Consolidate Debt With FlexLending?

Flexlending is long-term personal loans that offer clients long-term financing for large purchases, to get out of a long-term financial shortfall, or even to consolidate debt. No matter what your personal financial goals are if it seems that you never have enough money to pay all the bills, a Flex Loan could be a solution.

How to qualify for FlexLending?

FlexLending offers loans to qualified applicants. In order to qualify for a flex loan, you must:

  • Be at least 18 years of age
  • Have a regular source of income
  • Be a US citizen or permanent resident
  • Have a valid email address and phone number
  • Decent credit history

If you meet these qualifications, you can apply for a flex loan by filling out an online application. Once your application is approved, you will be asked to provide additional information such as your Social Security number and bank account information. Once your flex loan is approved, the funds will be deposited into your bank account within one business day.

What are Flex Loans on FlexLending?

Flex Loans are personal loans that give you the flexibility to choose how much you want to borrow and for how long. You can pay back your flex loan over time, with no prepayment penalties.

With Flex Loans from FlexLending, you can get the cash you need when you need it. Whether you’re facing an unexpected bill or need some extra cash to tide you over until your next paycheck, Flex Loans can help.

You can apply for a Flex Loan online or in person at a FlexLending location near you. Once you’re approved, you’ll have access to the funds you need, when you need them.

What is the interest rate on FlexLending?

Personal loans from this lender come with high-interest rates, and many people have found themselves in debt because of these loans. If you’re considering taking out a flex loan from FlexLending, be sure to carefully consider the interest rate before doing so. You may end up paying more than you can afford, and this could put you in a difficult financial situation.

How do you pay back FlexLending?

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The answer is, unfortunately, not very straightforward. FlexLending does not have a set a repayment schedule like most traditional lenders. This can make it difficult to budget and plan for your loan repayments.

That’s more, it also charges late fees if you miss a minimum payment. These late fees can add up quickly, making it even harder to get on top of your loan repayments.

If you’re struggling to make your minimum payments, it’s important to reach out to them as soon as possible. The sooner you do, the better chance you have of working out a fixed payments plan that works for both of you.

What happens if you don’t pay FlexLending?

If you don’t pay your FlexLending personal loan, there are a few things that could happen. First, we will contact you to try to arrange a payment plan. If we are unable to do so, the account will be turned over to a collections agency and be reported on your credit history. This could result in damage to your credit score, credit limit, and additional fees. Finally, if you still do not make payments, legal action may be taken against you. So it’s important to make sure you keep up with your payments!

What kind of loans does FlexLending offer?

This lender offers a variety of loans, including personal loans, home equity loans, and auto loans. However, the interest rates on these loans are generally high, and the terms can be very confusing. Additionally, lender has been known to change the terms of their loans without notice, which can make it difficult for borrowers to keep up with their payments.

What is the minimum credit score for a FlexLending loan?

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Unfortunately, there is no clear answer. The lender does not publish a minimum credit score requirement, and when we asked customer service representatives, they were unable to give us a straight answer. This lack of transparency is frustrating for potential borrowers who are trying to compare personal loan options.

How does FlexLending affect your credit?

FlexLending’s network of lenders does a hard pull on your credit, which can ding your score and credit limit. In addition, if you’re late on payments, FlexLending will report that to the credit bureaus and it will show up on your credit report. That can also lower your credit score. So, if you’re thinking about using this personal loan lender, be aware that it could affect your credit negatively.

How to cancel FlexLending?

Unfortunately, cancelation is not currently an option with FlexLending. If you’re having difficulty making payments or otherwise need to cancel your flex loan, the best thing to do is reach out to their customer service team to see if they can help you out.

In the meantime, here are a few tips that may help you:

  • Make a budget and stick to it: This will help you make sure that you’re only spending what you can afford, and not putting yourself in a difficult financial situation.
  • Talk to a financial advisor: They can help you figure out your options and come up with a plan that’s right for you.
  • Reach out to their customer service team: As we mentioned, they may be able to help you cancel your loan or work out a payment plan that’s more manageable for you.

FlexLending BBB Reviews

When looking at FlexLending BBB reviews, it’s important to keep in mind that they are not accredited by the BBB. This means that the BBB does not have high confidence in its business practices. They have only received one complaint in the last three years, but it is worth noting that this complaint was closed within the last 12 months.

Here are some FlexLending BBB Reviews:

Sherry W 05/24/2022

I am going through a hardship and have a 100% on-time payment history and still get denied for just a small loan. Ridiculous and frustrating that lenders and creditors don’t give a crap!!! Good luck to anyone else who needs help, hopefully, they’ll help you.

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Is FlexLending Legit or a Scam?

FlexLending is accused of bait and switch by some customers. They claim that the company lures customers in with low rates, only to raise them later on. it is also not accredited by the Better Business Bureau (BBB).

So, is FlexLending a legit company or a scam? It’s hard to say for sure. However, there are some red flags that you should be aware of before doing business with them. If you’re considering taking out a loan with this lender, make sure you do your research first and know all the potential risks involved.

Have you had any experience with FlexLending? We’d love to hear about it in the comments below.

Thank you for reading.

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FlexLending Review

FlexLending is accused of bait and switch by some customers. They claim that the company lures customers in with low rates, only to raise them later on. FlexLending is also not accredited by the Better Business Bureau (BBB).

So, is FlexLending a legit company or a scam? It’s hard to say for sure. However, there are some red flags that you should be aware of before doing business with them. If you’re considering taking out a loan with FlexLending, make sure you do your research first and know all the potential risks involved.

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