Advance America Loans Review: Is Advance America Legit in 2022?

Advance America Cash Advance Review: A sizable lender, Advance America, provides loans both online and at more than 1,400 physical sites. For those with less-than-perfect credit, it provides payday loans, installment loans, title loans, and personal lines of credit.

The lowest and maximum loan amounts can differ by state. However, payday loan amounts can start as low as $100.

How soon will Advance America send me money?

If you apply for a loan within the store and it’s approved, you might be able to get cash in that same visit in as little as 15 minutes. If you apply online instead, the lender can pay the money into your account the same day or the following day.

Why do the loan alternatives offered by Advance America vary so much based on where you live?

Advance America must abide by each state’s rules regarding payday loans, including the maximum amount and interest rates that they can charge. Additionally, if there isn’t an Advance America office nearby, you won’t be able to apply for an auto title loan there because you have to visit a local office.

Advance America Cash Advance: Customer service

Call 844-562-6480 or use the contact form on the Advance America website to get in touch with customer care for further information. It also has a chat option that you may use if you’re applying for a loan.

Visit the website’s “Locations” page and enter your zip code to find a store in your area.

Another way to discover more is to read customer testimonials for Advance America, such as those from ConsumerAffairs. Although Advance America is a well-known provider of payday loans, all of its lending options include high costs. Take your time before taking out a costly loan. With a payday loan, you don’t want to end yourself worse off than you were before.

The eligibility conditions for payday and installment loans from Advance America

There are no specific prerequisites to be eligible for a payday or installment loan from Advance America.

Advance America’s relaxed credit requirements for loans provide benefits for some customers. Even if you have a history of bankruptcy or low credit, you may still be able to get a loan.

Customers with poor credit might not be approved for a loan from a bank or lending company like Citizens Bank or Upstart. However, they might not have issues getting a loan from Advance America.

Borrowers must submit the following information to be considered for a loan:

  • A government-issued photo ID;
  • An active bank account number;
  • An email address;
  • A social security number;
  • Evidence of income.

You must also reside in a state participating in the program to qualify for a loan. You can also be required to submit a check in some states.

Who can benefit from Advance America loans?

Generally speaking, most consumers might not benefit from Advance America loans.

It will be difficult for most people to get back on track financially after taking out one of these loans because Advance America charges such high fees and APR rates.

Choosing an Advance America loan could make things easier in the short term but more challenging in the long run if you’re already struggling to make ends meet between paychecks or trying to secure a loan with low credit.

Individuals pick Advance America mainly because of the speedy cash delivery and the lack of requirements for excellent credit. However, you’ll have to pay extremely high-interest rates in exchange for that convenience, so it’s usually wise to look into alternative options first.

We only advise applying for an Advance America loan if all other options have been exhausted and you have a solid plan for repaying the loan while meeting your other responsibilities.

  • Having the ability to pay back the debt in full by the due date is what this signifies (if not before)
  • When you have money left over after repaying the loan with your subsequent paycheck to cover your bills and other financial responsibilities.

Even if you have poor credit or a pressing need for cash, there are still many alternatives, preferable options to Advance America. You might, for instance, look for a loan that accepts cosigners.

What you should know about loans from Advance America

A sizable lender, Advance America, provides loans both online and at more than 1,400 physical sites. For those with less-than-perfect credit, it provides payday loans, installment loans, title loans, and personal lines of credit. The lowest and maximum loan amounts can differ by state; however, payday loan amounts can start as low as $100.

You might not need good credit.

Even if your credit isn’t great, you might be able to get an Advance America loan. Applying for the company’s payday loans, also known as cash advances, calls for a government-issued ID, a Social Security number, evidence of income, and an open checking account. A credit check may also be necessary. A credit check is necessary for installment loans, though.

Short-term loans

Payday loans from Advance America are short-term loans that must be repaid by your following payday, usually within two to four weeks. These loans may cost a lot more to extend for a longer time. Longer terms on Advance America’s installment loans are possible; these terms change based on where you live and how much you borrow.

High rates of interest

Advance America’s interest rates might be exceedingly expensive. Regardless of the loan type or state, rates frequently reach triple digits. For instance, California payday loans have costs that have an annual percentage rate (APR) of about 460 percent.

Even though some installment loans still have APRs over 200 percent, interest rates for them can be a little lower.

Interest and service charges for Advance America

Different interest rates and costs apply depending on the state you live in. Your zip code will be required when you apply for an Advance America installment loan before you can view the available options.

For instance, the APR on a $650 installment loan in South Carolina with a six-month term is 348.04 percent. Check the most current rates on the Advance America website, as they may have changed after they published that rate on April 12, 2018.

Once you know the rates in your area, contrast them with SoFi’s fixed interest rates for personal loans and other lenders’ loans. There are rates available ranging from 3.49 percent to 7.99 percent.

You can submit an online loan application with Advance America if you decide to do so. They will preview the rates and costs based on your state, loan amount, and payback periods.

For instance, the repayment of that $650 loan from South Carolina would cost you $1,341.12. Be sure to read the terms and conditions before borrowing from Advance America.

These hefty fees and interest rates may leave you more in debt than you were before without a sound repayment strategy.

Alternative financing options to Advance America

Obtain a loan from a relative or friend:

This is only suggested if you are determined to repay your debt per a documented, signed, and agreed-upon schedule. You shouldn’t jeopardize your relationships because of money, but if done correctly, this could be a free alternative.

Reduce other expenses temporarily:

Consider removing something from your budget for a short period, whether it be eliminating cable, going to a nearby food bank for groceries, or lowering your motor insurance deductible for a few months.

Even if you have negative credit, acquiring personal loans from lenders with interest rates lower than Advance America’s is still feasible. Granted, they might still have triple-digit interest rates, making lending from them as pricey as before.

Sell your old items or start a side business:

Try listing any valuable items you have on Craigslist, OfferUp, Facebook Marketplace, or other similar websites to get cash for them. Examples of such things would be spare jewelry or electrical equipment. If not, consider starting a side business by providing services like cleaning, driving for Lyft, or transcribing audio recordings.


Author: Jay Batson

My Name is Jay has and I have a passion for financial writing. I am the chief writer on this blog. I do my best to verify all the information but if there is anything amiss please let me know and I will do my best to correct it.

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