Complete guide
Answers, tradeoffs and next steps
Use the sections below to evaluate fit, not to predict approval.
Tennessee checks aggregate exposure across multiple deferred-presentment transactions
A borrower can have more than one transaction, but the TDFI consumer notice limits the total outstanding face value to $500 and the number of outstanding transactions to three. Payday Hex tracks both values. TN_NOTICE
The 15% fee ceiling is applied to the exact face amount
The calculator uses the Tennessee fee ceiling while keeping the provider’s actual agreement terms visible. A short legal term is not converted into a funding-speed promise. TN_NOTICE
Renewal and consolidation into a new deferred-presentment loan are blocked
Tennessee’s consumer notice states that the deferred-presentment loan may not be renewed or consolidated into a new deferred-presentment loan. The page routes repayment difficulty to hardship alternatives instead. TN_NOTICE
Deferred presentment is kept separate from Tennessee flex-credit products
TDFI regulates flex-credit lenders separately. Payday Hex prevents an open-end flex product from inheriting the deferred-presentment cost model or title simply because both are short-term credit.