CLEVELAND, Tenn., July 13, 2016 /PRNewswire/ -- Check Into Cash has announced the launch of its newest financial product in Tennessee, the flex loan. Check Into Cash's flex loan is available at all Tennessee stores as an open line of credit, providing convenient access to a renewable source of funds.
"Check Into Cash is excited to add the flex loan to our wide range of products and services," said Check Into Cash President Steve Scoggins. "The flex loan gives our customers the flexibility to get the cash they need and control how fast they repay."
Qualifying customers in Tennessee can receive a flex loan up to $2,500 and borrow as much or as little cash as they need within their approved credit limit. Flex loan customers will receive a statement every payment period, and then choose whether to make the minimum payment or pay more of their balance off each period. There is no need to reapply once approved and, as long as a customer is in good standing, the open line of credit will be available as expenses arise.
"Our new flex loan adds to our list of services as a more versatile loan option," said Scoggins. "And as Your One Stop Money Shop, we still offer payday loans too, because we know true flexibility is the ability to choose."
For more information about Check Into Cash stores and services, visit CheckIntoCash.com.
About Check Into Cash
Founded in Cleveland, Tennessee, in 1993 by entrepreneur and philanthropist Allan Jones, the Check Into Cash brand is state regulated and offers customers a wide variety of financial solutions. Check Into Cash stores offer consumer micro-loans, check cashing, Western Union® money transfers, prepaid U.S. Money Cards, and other convenient services as a complete one stop money shop.
Check Into Cash is a founding member of the Community Financial Services Association of America (CFSA), the trade association representing the nation's payday lenders. The CFSA advocates for best practices and helps enact legislation that balances the needs of the consumer with the interests of the industry.
As a national leader and industry standard-bearer, Check Into Cash firmly believes in truthful advertising and full disclosure of its services.
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SOURCE Check Into Cash, Inc.