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FLEX LOAN RAYS ENTER THE VALLEY OF SUNSHINE – ARIZONA

Arizona is a place with quality life. All people here have only one thing to say, life is better here. You can enjoy the advantage of metro lifestyle with time for family. What else you want from life? It is not that Arizona is only popular for retired life, desert and Grand Canyon. It has the population of 7 million people with highest growth rate with the temperature touching 120 degree. Despite the high temperature people are zesty and live life to the fullest. They love Mexican food and visiting places, the red rocks of Sedona take them to spiritual journey. The Arizonian float down the salt river with friends on inner tubes in the middle of the desert and throw marsh mellow at other groups down the river, the sun and the high temperature cannot keep the Arizonian inside.

Arizona was ranked first for employment per capita in solar energy industry. Bio-sciences is rapidly growing industry in Arizona as stated by state commerce authority and the number of firms increased by 31% in this sphere. There is acceleration in high tech manufacturing including defense because of stable climate. Mining and tourism are rapidly contributing to the economics of Arizona.

A relatively low cost of living, good job market and sunny weather , sprawling 2000 square miles desert mountain is good enough to attract people here. It is ranked at 26th position for the best place to live.  Around 20 million visitors visit here, weather can be tough for the newcomers. Mexican and Hispanic Americans with others weave the texture of life here.. As it is considered to be the best place to live in by the retirees, still its average age comes out to be less than 20 years, thanks to the Arizona University students for keeping it young.

22% people live below poverty line.

This is something of concern, this means these people are barely able to move inch by inch through the month. This is disheartening, in case some financial emergency arises then such people fall prey to loans which  come with their own tag price.

 

Arizona Payday loans banned in 2008

 

flex loan arizona

flex loan arizona


Because of their predatory nature Payday loans were banned, so the lenders  have  something else to offer and it is FLEX LOANS which has loopholes to get around interest caps. Lenders in Arizona are able to find a way out to earn money by imposing different types of fee like

Transaction fee

Sending billing

Sending statements

Maintaining account information

All such charges amount to $150 but the annual fee accumulates to triple digits. It seems the payday loan which was chucked out in 2008 has come back in different incarnation called Flex loan.

FLEX LOAN works on Open line of Credit

This loan works on open line of credit means the borrower can borrow money who cannot qualify for credit card, this kind of loan is not required to be renewed till it is watered by some amount by the borrower. This lures the borrower of Arizona, who falls into the debt trap from which it may be difficult to come out.

Suppose you avail loan of $500 under the name No Credit Check Flex Loan, and you make payment of $25 per month, it will take you to return the amount borrowed in three years but the fee and interest will sum up to be shocking $19,00. Is it worth it?

This is debatable. There may be people who believe there is no price tag for the one that rushes in at the right moment. Imagine, somebody has no health insurance and his loved one borrows flex loan and saves his life .Is it not worth it? Or imagine a child requires money for fee and costume to participate in competition, which can take him/her forward in life and can help him grow wings of confidence. Is the timely help given by FLEX LOAN not worth it?

 Life, Dreams, Confidence saved at any cost is worth it!

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