Guide to Flex Loans: What They Are and How to Use Them

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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
What Is a Flex Loan?
How Do Flex Loans Work?
How Can You Use a Flex Loan?
Can You Get Flex Loans With Bad Credit?
Can You Get Flex Loans With No Credit Check?
How Much Can You Get With a Flex Loan?
Benefits of Flex Loans
Application Process
Funds
Credit Score Requirements
Disadvantages of a Flex Loan
Interest Rates
Minimum Payments
Debt Accumulation
Will a Flex Loan Hurt My Credit?
Is a Flex Loan the Same as a Payday Loan?
Is a Flex Loan the Same as a Personal Loan?
Should You Consider a Flex Loan?
The Takeaway
Frequently Asked Questions
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About the Author
Lauren Ward is a personal finance expert with nearly a decade of experience writing online content. Her work has appeared on websites such as MSN, Time, and Bankrate. Lauren writes on a variety of personal finance topics for SoFi, including credit and banking.
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