Nashville-davidson, Tennessee, United States - 03-30-2023 (PR Distribution™) -
Nashville, TN, [March 29, 2023] – Advance Financial, a leading provider of flexible lines of credit and financial services, is offering a solution to millions of Americans who find it difficult to qualify for credit cards and loans. The company focuses on helping individuals and families recover from financial setbacks by providing quick access to funds and a world-class customer experience.
In a recent interview with Olga Villaverde on The Balancing Act, Tina Hodges, Advance Financial Chief Executive & Chief Experience Officer, shed light on the challenges faced by millions of Americans when seeking financial help. Hodges explained that a 2021 FDIC study showed that nearly 6 million Americans did not have a bank account, and another 19 million had a bank account but their financial needs were not being met. Advance Financial aims to fill this gap in financial services.
Hodges stated, “A bank typically will not loan one of its customers $1,000 in 30 minutes. And credit cards may not have cash advances available to every card holder. We are filling a gap that traditional financial institutions have chosen not to fill. Fast approval, instant funding, small dollar cash needs – that’s our specialty.”
Founded in 1996, Advance Financial has been listed on Inc. Magazine’s fastest-growing companies list for eight consecutive years and has been recognized as a top employer by Forbes Magazine in multiple categories. The company offers a flexible line of credit with no prepayment penalties, empowering customers to borrow only what they need and only for the time they need it. Additionally, Advance Financial provides loans 24/7/365, ensuring customers can access funds when they need them most.
When asked how Advance Financial decides who qualifies for their services, Hodges explained that the company is licensed on a state-by-state basis and only lends to consumers in those states. She emphasized the importance of lending only to those who can afford to pay back the loan, stating, “All applicants must demonstrate consistent recurring income, which can be regular payroll from a job, regular income from benefits, retirement, or other sources. We use credit performance data from traditional and non-traditional credit agencies, along with the applicants’ income, to determine approval and amounts.”
Customer service is at the heart of Advance Financial’s operations. Hodges believes that the experience offered to customers is the driving force behind their success. “We are in the experience business and we happen to also offer lines of credit. Our employee experience must be superb if we expect our employees to offer the same to our customers. We are in the business of serving others … that is what we do, who we are, and why we are here; therefore, we will strive to always serve our employees with the same courtesy, efficiency, and integrity that we ask them to show our customers,” said Hodges.
Applying for a line of credit at Advance Financial is quick and easy. Customers can complete the online application process within minutes, and the company offers instant funding, which means money can be credited into a debit card or bank account almost instantly. The flexible line of credit allows customers to borrow only what they need, and they only pay for the amount borrowed and the time it’s used.
Advance Financial has numerous success stories, from single working mothers needing money to buy diapers to people needing help paying their electric bills. Hodges shared one particular story, “We had a customer send us a thank-you note explaining how she was going through a divorce and didn’t know where else to turn. She came to us, and we were able to get her the cash she needed to provide for her child, get back on her feet and start fresh.”
The company is also committed to community outreach, granting each employee an unlimited amount of paid community service time annually. Advance Financial believes in “treating people like people” and actively participates in various community outreach programs.
During the interview, Olga asked Hodges about the company’s community involvement, to which she replied, “We are passionate about giving back to the communities we serve. By offering our employees paid time for community service, we encourage them to make a difference in the lives of those around them, ultimately enriching our communities and strengthening our ties with the people we serve.”
For more information on Advance Financial’s services, potential customers can visit the company’s website at af247.com. The Balancing Act also provides additional information about Advance Financial on their website, thebalancingact.com.
Advance Financial’s commitment to providing fast, accessible financial solutions and exceptional customer service has made a significant impact on the lives of countless individuals and families across the United States. With continued growth and dedication to helping those in need, Advance Financial is set to transform the financial services landscape, one customer at a time.
About Advance Financial:
Advance Financial is a Nashville-based provider of flexible lines of credit and financial services founded in 1996. Recognized as one of the fastest-growing companies by Inc. Magazine and a top employer by Forbes Magazine, Advance Financial is committed to providing world-class customer experiences and helping millions of Americans recover from financial setbacks. The company offers fast approval, instant funding, and small-dollar cash loans to meet the needs of customers who struggle to obtain credit cards and traditional loans. For more information, visit af247.com.
About The Balancing Act:
The Balancing Act® is a morning show created and produced by BrandStar that offers sensible solutions and essential information in a fun, entertaining format; providing resources to help people do life better. The Balancing Act features everything from delicious recipes, style makeovers and dream getaways to parenting tips and the latest news in health and wealth. Tune in to The Balancing Act weekdays at 7:30 a.m. (ET/PT) on Lifetime® and find all previously aired episodes on TheBalancingAct.com.
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