Advance America payday loans review December 2018 | finder.com
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Advance America Loans

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Need a short-term loan? This lender has multiple positive reviews and plenty of options.

Advance America is a fully accredited, nationally recognized financial organization that provides an array of financial services and products from over 2,100 locations in the US. You can apply at a storefront and online for either a payday, installment or auto title loan.

States where Advance America does not offer loans:

  • Arizona
  • Arkansas
  • District of Columbia
  • Georgia
  • Hawaii
  • Maine
  • Maryland
  • Massachusetts
  • Minnesota
  • Mississippi
  • Montana
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Oregon
  • Pennsylvania
  • South Dakota
  • Vermont
  • West Virginia

If you live in one of these states visit our short-term loans guide to see what loans are available in your state.

What types of loans does Advance America offer?

  • Payday Loans. Advance America offers payday loans online and in-store. The amount you can borrow depends on your state of residence and your current financial situation. Advance America also has convenient charts that allow you to determine the finance charge, APR and total cost of the loan before you apply.
  • Installment Loans. Installment loans work much like payday loans, but instead of repaying the principle and interest in one lump sum, you can spread the payments out over months, and you can usually apply for larger amounts. Advance America doesn’t offer installment loans in every state.
  • Auto Title Loans. If you own a car, you can use its title to get a loan through Advance America. The amount you can borrow depends on your car’s appraised value. Because this is a secured loan, you can expect lower interest rates than with payday or installment loans. However, keep in mind that if you default, you risk losing your vehicle.

In addition to these, Advance America also offers lines of credit, MoneyGram and prepaid debit cards.

What do borrowers like about Advance America?

  • Easy application process. Applying for a loan takes no more than a few minutes, and you’ll know if you’ve been approved quickly.
  • Use the money for any purpose. There are no restrictions on how you can use your loan money provided you don’t use the money for any illegal purpose.
  • Early repayment. You can pay the loan off ahead of schedule with no penalties, and in certain states, you might even qualify for a partial return of your loan fee.

What to watch out for

  • Best for the short-term. Payday loans, installment loans and auto title loans all have high costs and aren’t meant to be used for long-term expenses. If you’re having issues, it may be best to contact a financial advisor.
  • Limited state availability. Advance America doesn’t offer loans in the every state, and not every product is available in its serviced states.
  • Multiple complaints. While Advance America has an excellent rating on TrustPilot, its Better Business Bureau page doesn’t fair as well. It has only six reviews — all negative — and over 170 customer complaints.

How do Advance America loans compare to other loans?

Rates last updated December 11th, 2018
Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
Name Product Product Description Max. Loan Amount Turnaround Time Requirements
CashUSA Installment Loans
A connection service for quick cash loans up to $10,000.
$10,000
As early as 1 business day
Must have a monthly income of $1,000+ after taxes and valid checking account.
Jora Installment Loans
Installment loans with repayment terms up to 30 months, depending on your state.
$2,600
1–2 days
Must have an active checking account, regular source of income and email address.
OppLoans Installment Loans
Installment loans with competitive rates from a top-rated direct lender.
$5,000
1 business day
Must have direct deposit and meet minimum income requirements.
CashNetUSA Loan
Apply for a short-term loan with an easy online application and dedicated customer service.
Varies by state
1 business day
You must be a US citizen or permanent resident, be at least 18 years old and have regular income and a bank account.
LendYou Short-term Loans
Apply online with this loan-connection company offering unrestricted short-term loans at high maximums — fast turnaround.
$15,000
1 business day
You must be a US citizen or permanent resident, age 18+ and have a regular income.
Check into Cash Payday Loan
With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.
$1,000
1–2 business days
You must be at least 21 and an American citizen and have a bank account, email address and phone number.
ACE Cash Express Short-term Loans
Quick payday, installment and title loans with no prepayment penalty and a 72-hour satisfaction guarantee. Funds can be loaded on an ACE Elite™ Visa® Prepaid Debit Card.
Varies by state
Generally receive the money the next business day
Must be 18+ years old, have a steady source of income and a checking or savings account. Must not be a debtor in bankruptcy.

Compare up to 4 providers

Beware of high costs

Depending on your current financial situation and your state of residence, the fees you pay along with your loan could vary widely. Advance America offers a convenient chart that allows you to browse these before you apply, and after approval, you are given a loan contract that breaks them down further. The typical fee for every $100 borrowed is around $15 for a loan lasting two weeks.

Before you accept a loan contract, be sure you can afford to repay your loan within the determined schedule. If you have late or missed payments, you run the risk of defaulting and owing even more money. This could damage your credit. And if you took out an auto title loan, it could result in you losing your vehicle.

Is Advance America a legit lender?

Advance America is a fully-accredited, nationally-recognized financial institution, and it is a founding member of the Community Financial Services Association (CFSA), a body that encourages fair lending practices with full disclosure. Advance America complies with all applicable state and federal laws and outlines its fees clearly in loan offer documents.

What does the Internet say about Advance America?

Advance America isn’t accredited by the Better Business Bureau (BBB). And while has an A rating from the BBB, there are many customer complaints filed against the company in addition to government action taken by the state of California. Reviewers commented that Advance America had poor customer service and that the loans didn’t exactly follow contract.

TrustPilot is much different. There are over 16,000 reviews, and many of them are positive. However, there aren’t many that don’t have any details at all, just praise for the company. When making your decision, take both the positive and negative reviews into account before signing on for a loan.

Am I eligible?

  • Have a valid government-issued ID
  • Have a steady source of income
  • Not involved in bankruptcy
  • Be at least 18 years old (varies by state)
  • Be a citizen or permanent resident of the US

How do I apply?

Advance America’s application only takes a few minutes, and you can apply either online or in-store. And if you want to save time when visiting a store location, you can start your application online and complete it with an Advance America employee later.

  1. Visit the Advance America website.
  2. Click Apply for a Loan to start your application.
  3. Select Use My Current Location or enter your zip code.
  4. Select whether you want to apply in-store or online (option depends on state).
  5. Create your account.
  6. Enter your personal information, including your address and phone number.
  7. Enter your financial information, including your income and bank account.
  8. Read the General Disclosures and the other general agreements before submitting your application.

Advance America’s electronic underwriting system will analyze your application. If you’re approved, you may be required to submit additional information to provide proof of your identity and income.

Are cash advance loans legal in your state?

Hover over your state of residence (or click on your state if you’re using a mobile device) to find out if cash advance loans are legal in your state.

Bottom line

When you’re looking for a quick loan, Advance America may be a good choice to get you the money you need to cover an unexpected expense. However, because of the high cost of short-term loans and the lack of in-depth reviews, you may want to compare your options to see if you can find a better deal with another lender.

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12 Responses

  1. Default Gravatar
    JosieAugust 29, 2018

    Person by the name of Mike Alfred contacted me and said I was approved for a $7000 loan through your company is this a scam

    • Default Gravatar
      joelmarceloAugust 30, 2018

      Hi Josie,

      Thanks for leaving a question on finder.

      It would be ideal if you can call Advance America Loans directly to verify about the call you received. To help you avoid getting ripped off, we cover the signs of a personal loan scam and what you can do to avoid them if you click HERE.

      Scammers put a lot of work into gaining your trust so that you click, share or open what they’re pedaling. Which means that real loans are increasingly hard to tell from the fakes. In the end, knowledge is the best defense against personal loan scams.

      To find a personal loans from a trustworthy company, you can compare fees, rates and terms of legit lenders we’ve reviewed.

      Cheers,
      Joel

  2. Default Gravatar
    StacyMay 21, 2018

    Do I have to have direct deposit to qualify for the personal loan?

    • finder Customer Care
      JoshuaMay 22, 2018Staff

      Hi Stacy,

      Thanks for getting in touch with finder. I hope all is well for you. :)

      Usually, Advance America provides the fund by transferring it to your bank account. You might as well directly get in touch with them to know if they offer other means of giving you your approved loan money.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

  3. Default Gravatar
    RobertMarch 30, 2018

    I need a telephone number to speak with a representative regarding someone claiming to be advance America and took me for $150

    • Default Gravatar
      joelmarceloMarch 30, 2018

      Hi Robert,

      Thanks for leaving a question on finder. Please note that we are a comparison website and we do not represent any of the providers on our page.

      If you are looking to verify with Advance America directly, you contact them at 844-562-6480 for questions regarding in-store loans or call 877-505-0701 for online loans.

      Cheers,
      Joel

  4. Default Gravatar
    SheriDecember 22, 2017

    Can u get a small loan with family assistance

    • finder Customer Care
      RenchDecember 23, 2017Staff

      Hi Sheri,

      Thanks for your inquiry. Please note that we are not affiliated with Advance America or any company we feature on our site and so we can only offer you general advice.

      If you are referring to Advance America payday loan, you may contact them directly by visiting their official site. You can also check this page for easy-approval loans.

      Please click the name of your preferred lender to find out the details and the minimum eligibility. You may then click the green “Go to Site” button to submit your loan application online.

      Best regards,
      Rench

  5. Default Gravatar
    MonicaSeptember 15, 2017

    I would like to see if I qualify for an installment loan. I need to pay my rent so my daughter and I don’t get evicted.

    • finder Customer Care
      MariaSeptember 15, 2017Staff

      Hey Monica,

      Thank you for reaching out to us.

      You may find useful information on this page on Installment Loans.

      As finder is an online comparison service and is not a product issuer, it would be best to get in touch with a lender featured on our pages to discuss your eligibility or options.

      Before applying, please ensure that you meet the eligibility criteria and requirements and to read the details, as well as the relevant Product Disclosure Statements/ Terms and Conditions of the option before making a decision and consider whether the product is right for you.

      I hope this helps.

      Best,
      Maria

  6. Default Gravatar
    RasheedaJune 28, 2017

    In the state of Texas do you have to have proof of income?

    • finder Customer Care
      HaroldJune 28, 2017Staff

      Hi Rasheeda,

      Thank you for your inquiry.

      In the state of Texas the general requirements are:
      – You should be at least 18 years of age
      – You should be an American citizen or a permanent resident of the US
      – You should have a regular source of income

      You may want to consider checking your available options here.

      I hope this information has helped.

      Cheers,
      Harold

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