Advance America Payday Loans

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.

What kinds of loans does Advance America offer?

1.     Payday Loans. Advance America offers payday loans online and in physical stores. The amount you can borrow depends on your state of residence and your current financial situation. Advance America offers a convenient chart that allows you to determine the finance charge, APR and total cost of the loan before you apply.
2.     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.
3.     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 secure 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.

What do borrowers like about Advance America?

When comparing loan options, keep in mind the excellent features offered by Advance America.

•     Easy application process. Applying for a loan takes no more than a few minutes, whether you apply online or in-store.
•     Use the money for any purpose. There are no restrictions on how you can use your loan money.
•     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.
•     Good customer reviews. Advance America boast high ratings with its customers.

What to watch out for

•     High costs. Short-term loans come with high fees for the small amount you borrow. With auto title loans, you risk losing your car’s title if you can’t repay on time.
•     Limited state availability. Advance America doesn’t offer loans in the following states: 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.