Advance America Payday Loans

Advance America Loans

Advance America offers a variety of loans, some of which can be applied for online

Advance America is a fully-accredited, nationally-recognized financial organization that provides an array of financial services and products like cash advance loans, installments loans, title loans, prepaid Visa cards, tax services and MoneyGram services.

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How do Advance America loans compare to other loans?

Rates last updated August 24th, 2017
Name Product Max. Loan Amount Term of Loan Turnaround Time Costs
LendUp Payday Loans
$250
7–30 days
Generally receive the money the next business day
Depends on your state, loan product, loan amount and the term of the loan.
CashNetUSA Loan
Varies by state
Varies by state
1 business day
Varies by state of residency.
ACE Cash Express Payday Loans
Varies by state
Varies by state
Generally receive the money the next business day
Varies depending upon the state where you reside.
Check City Payday Loan
Depends on state of residency
Varies by state
Next day
Depends on state of residency.
Check into Cash Payday Loan
$1,000
Varies by state
1–2 business days
Varies depending on the amount and your state of residency.

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What kinds of loans does Advance America offer?

  • Installment Loans. With an installment loan, instead of repaying the borrowed amount as a single repayment, you can spread the payments out over a longer period of time. Keep in mind that Advance America does not offer these types of loans in all states.
  • 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.
  • Payday Loans. Advance America offers cash advance/payday loans online or in person.

What are the features of a payday loan from Advance America?

Advance America payday loans come with a number of features, including:

  • An easy process. Applying for a loan takes no more than a few minutes, whether you apply online or in-store. In-store applicants receive funding upon approval while online applicants receive it the following business day.
  • Use the money for any purpose. There are no restrictions on how you can use your loan money.
  • No collateral. These payday loans are unsecured, so you don’t have to worry about providing any kind of collateral.
  • Early repayment. You can pay the loan off ahead of schedule, and in certain states, you might even qualify for a partial return of your loan fee.

What are the fees and charges?

The amount you borrow along with state regulations have a bearing on the fees you end up paying, but you can be sure that Advance America payday loan fees comply with relevant state and federal laws.

Advance America, through the loan agreement, gives you a clear indication of all applicable fees at the onset, and the typical fee for every $100 borrowed over a two-week period is around $15.

If you don’t make the required repayment by the due date, you’ll be charged late fees and it may negatively impact your credit score. Always be sure you can repay a loan before signing a contract.

Is Advance America a safe 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 coupled with full disclosure. Advance America complies with all applicable state and federal laws and outlines its fees clearly in loan offer documents.

How to protect yourself from payday loan scams

How do I apply for an Advance America payday loan?

Whether applying online or in-store, you will need to meet the following eligibility criteria:.

  • You’re at least 18 years old
  • You have a valid government issued ID
  • You have a steady source of income
  • You have a Social Security number
  • You’re not involved in bankruptcy at the time of applying


You will need to provide the following information:

  • Personal details, including your complete name, Social Security number and date of birth
  • Your checking account and routing number
  • Your income details

Frequently asked questions

A payday loan, also known as a cash advance loan, is a short-term personal loan (typically $500 or less) that usually must be repaid within two weeks to a month. The repayment date is determined by your pay schedule. Because payday loans come with steep finance charges, it is not a long-term solution, but a temporary fix to an unexpected financial situation. Rules and regulations for payday loans vary from state to state.

With an in-store loan, you get access to the funds immediately upon approval, and with an online loan you can expect the funds to be deposited into your bank account on the next business day.

This depends on specific state laws, because certain states require a gap between two payday loans.

No, but it could evaluate your eligibility by making use of an Experian devised custom rating model.

The maximum amount you can borrow through this payday loan depends on where you live. Advance America provides an online tool to help you determine your state’s regulations on payday loans.

Yes you can, and in some states you can even look forward to a partial refund of loan fees.

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.

 

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2 Responses

  1. Default Gravatar
    RasheedaJune 28, 2017

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

    • Staff
      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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