Advance America Review: Cash Advance and Lending Services

Advance America Review: Cash Advance and Lending Services


6 Min Read

Are you searching for payday loans to cover your expenses but don’t have a good credit score? Discover Advance America and its wide range of loan products. Want to know more about this service? Let’s discover Advance America’s payday loans and other online loans you might get when you’re in a pinch.

What is Advance America?

Since 1997, Advance America has been a lender that provides payday loans, installment loans, title loans, and personal lines of credit. Advance America offers online and in-store services in 23 states with over 870 physical stores. They can provide the necessary cash advances in as little as 24 hours.

Getting a loan from Advance America is straightforward because the service has a simple application process. You can visit the company’s website to apply for short-term loans, and if something is wrong, you can rely on the customer comment line.

Terms & Loan Options Available

Advance America’s payday loans are available with high interest rates and small loan amounts of up to $1,000. According to state regulations, this service offers payday loans with repayment terms of two to four weeks. It allows you to pay off the loan on your next paycheck.

Next, you might choose Advance America installment loans, medium- or long-term loan products that help you cover more significant needs. The maximum amounts you can get from their installment loans vary depending on where you live and how much you borrow.

Also, their borrowers are welcome to apply for title loans to borrow cash using their car as collateral. However, you must know that such loans also have high interest rates. But you’re allowed to drive your vehicle while repaying the debt. Lines of credit are also available at the Advance America service. You can borrow from your credit card limit and pay it off in installments plus fees.

Other Features

Advance America employs qualified loan specialists and a responsive customer support team to operate its online loan services. However, you may also visit an Advance America office if you prefer in-store loan services.


  • Many physical locations
  • Fast funding (within 24 hours or same-day transfer)
  • Wide range of loans
  • Rollover might be available


  • High interest rates
  • Potentially credit check

How Does Advance America Work?

Applying for a payday loan from Advance America is simple, and the funds are usually given on the next business day or by the end of the same day. So, just fill out the payday loan application form and submit it.

After the review, you’ll receive an answer from them. You’ll sign the loan agreement and receive the loan amount in your bank account if approved. Usually, it takes 24 hours for funding, but you can receive the money by the end of the same day if you receive the approval in the morning.

Advance America Rates and Fees

Advance America does not reveal all its interest rates and costs, but it indicates that the average price for payday loans is roughly $15 per $100 borrowed. It is the typical fee of a short-term transaction, which is fixed, alongside the annual percentage rate of 460%. The interest rates of other loans depend on your credit report and other financial factors.

How to Apply with Advance America?

Here’s what customers must send to Advance America to qualify for a payday or installment loan. If they apply for an installment loan from this company, you may be required to give additional information.

  • Valid ID card;
  • Income documentation (bank statements with paycheck);
  • Active checking account;
  • Number of Social Security;
  • Personal check (for in-store purchases);
  • Email address and phone number.

Bring the essential information to an Advance America location to apply in person. Also, don’t forget that you can fill out an online application on the Advance America website.

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Alternatives for Advance America Loans

Payday loans are not suitable for everyone, as they come with several odds you couldn’t manage. If you’re in financial trouble and need to borrow money, here are more options to explore.

Payday Alternative Loans (PALs)

The federal credit unions provide a payday alternative loan, and their members may consider these fee-capped emergency cash solutions. They can be suitable thanks to their extended repayment schedules and more lenient requirements regarding credit reports.


Spotloan is an alternative source of emergency funds. It’s a cash advance service that lets you borrow money against your next payday with reasonable fees and interest rates. Online applications are made from your smartphone or laptop, and you can get payday loans within one business day or sooner.

Speedy Cash

Speedy Cash may be the best option if you want a lender to consider more than simply your credit scores. Also, you can repay the loan debt electronically and avoid going to the location in person. More than that, they have no prepayment fees if you decide to cover the loan earlier.

Installment Loans for Bad Credit

An installment loan for bad credit is a long-term loan from a direct lender. Such loan products offer fixed interest rates and payment durations ranging from 2 to 24 months. You can borrow from $1,000 to $5,000, even with a bad credit score. However, you must remember that loan providers may charge high interest rates due to your risky credit rating.

Advance America FAQ

Is Advance America legit?

According to Globe Newswire, Advance America is a trustworthy lender owned by a Mexican financial company, Grupo Elektra, funded in 1997. You can check their license on their website. However, you must know their high interest charges and read the fine print.

Is it hard to get a loan from Advance America?

No, you can apply online through their website or go in-store, and one of their branch managers will help you fill in the request form.

Does Advance America affect your credit?

Applying to this service won’t impact your credit. However, if you’re late with your payments, it can affect it in the long term. For example, if you make a payment 30 days late, it’ll probably have less of an effect on your credit score than a payment 90 days late.

Does Advance America approve everyone?

They approve only those who comply with all their eligibility criteria. The main requirement is to prove you can repay the cash loan on time.

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Michael Lefler

Written by Michael Lefler

Written by Michael Lefler

Mike Lefler shares his interest in a wide range of different subjects, including his love for finance-related writing. His passion for writing and his years of study led him to become one of the brilliant authors in the massive finance arena and in the area of Financial Planning and Lending Industry.

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