This Lender Said Its Loans Would Help Tennesseans. It Has Sued More Than 110,000 of Them.

This lender said its loans would help Tennesseans. It has sued more than 110,000 of them.

Caption: Tonya Davis, left, and Tessa Shearon are among the 110,000 Tennesseans who have been sued by payday lender Advance Financial since 2015. (Stacy Kranitz for ProPublica)This article was produced for ProPublica’s Local Reporting Network in partnership with the Tennessee Lookout. Sign up for Dispatches to get stories like this one as soon as they are published.  We are continuing to report on flex loans. Have you been sued by Advance Financ…

This Lender Said Its Loans Would Help Tennesseans. It Has Sued More Than 110,000 of Them.

The Flex Loan, a type of payday loan pioneered by Advance Financial, has burdened low-income borrowers while generating huge profits for lenders. Tennessee lawmakers declined to rein in the lending business, even as other states did.

Lender Said Its Loans Would Help Tennesseans, But It Has Sued Over 110,000 Of Them

The Flex Loan, a type of payday loan pioneered by Advance Financial, has burdened low-income borrowers while generating huge profits for lenders. Tennessee lawmakers declined to rein in the lending business, even as other states did. Image Credit: Canva By Adam Friedman [The Tennessee Lookout -CC BY-NC-ND 4.0] – Rosita Hansen was working an evening shift at a tubing factory in 2023 when a sheriff’s deputy showed up and handed her a court summons…