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One shopper mentioned she was "stunned and disgusted" by them, whilst another wrote: "This kind of loan practice must be unlawful."
"We've created 100 thousand flex loans very last yr, and the vast majority of our clients love them," Tina Hodges explained to NewsChannel 5 Investigates
Although the Main government officer of Advance Monetary, certainly one of the largest flex loan lenders inside the state, is sold on them.
And whilst she's persuaded flex loans are an even better product for shoppers, not all buyers are confident.
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And while those during the field say flex loans are much better than classic payday loans, equally critics and shoppers we talked to say You have to watch out since flex loans may be difficult to pay back.
"The bottom line is that flex loans are merely Yet another name to get a payday loan -- and a payday loan by any title is just a credit card debt trap," Standaert insisted.
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"They're meant to make fees for that spend working day lenders while leaving borrowers significantly even worse off," Standaert mentioned.
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