However, this financial services company is not actually a scam. Instead, scammers pretending to be from Advance America have targeted unsuspecting customers in the past. The real company is a legitimate one that specializes in payday loans, as well as title and installment loans, in certain states across the country.
About Advance America Cash Advance
Advance America is a wholly owned subsidiary of Grupo Elektra, one of the largest Latin American providers of banking services, consumer finance and specialty retailing. Please visit www.AdvanceAmerica.net for more information.
The BBB is a good way to find out if a lender is trustworthy, and it's also a source for customer reviews. Make sure it's registered. Legitimate lenders must register with state agencies before giving out loans. If you're unsure if a lender is safe, contact your state's attorney general.
Cash advance loans often market quick cash and next-day (or even immediate) funding, which can sound great, especially for people with spotty credit. But expensive fees and triple-digit APRs can make cash advance loans a risky option that can trap borrowers in debt — so proceed with caution.
Advance America, along with many other lenders, has been targeted by unknown scammer groups. These scammers are attempting to offer consumers payday loans or a cash advance on our company's behalf by going through the internet, email, and making telephone calls.
Many individuals who've defaulted on their payday loans are particularly terrified of a lawsuit. Understandably, the courtroom is the last place they want to be for defaulting on a loan. Payday lenders are good at making all sorts of threats, but can they sue you? Well, the answer to this is yes.
Advance America is a proud community lender that services thousands of individuals locally and online. We offer a variety of personalized financial solutions to fit your specific needs — from Payday Loans and Installment Loans to Title Loans and Personal Lines of Credit. Find the loan options available in your state.
Dangers of cash advance loan apps. Your personal information should always be safeguarded. But by using an advance loan app, you might be handing over sensitive information. Almost all apps will need your banking account details and some may request your Social Security number.
Overdue Interest accrues only if you do not pay your loan by the Due Date. Interest will begin accruing on any unpaid Borrowed Amount on a weekly basis after the Due Date and will continue to accrue on a weekly basis until the Payoff Amount has been paid in full.
Applying for a loan online is safe for borrowers who limit their search to reputable lenders. Top online lenders use encryption to secure their websites and protect lender data.
Yes, a mortgage lender will look at any depository accounts on your bank statements — including checking accounts, savings accounts, and any open lines of credit. Why would an underwriter deny a loan? There are plenty of reasons underwriters might deny a home purchase loan.
Although you can find countless legit online loans on the market, there are many illegitimate companies and scammers offering fake loans. Let's dive deeper into how legitimate online loans work, some types of online cash loans and some methods you can use to check if the loan company you're interested in is legitimate.
This article is more than 10 years old. Mexican billionaire Ricardo Salinas Pliego is opening for business in the U.S.: his Grupo Elektra announced Monday morning its successful purchase of Advance America--the largest payday lender in the U.S.
Decision time: Instant to 24 hours
When you apply online before 10:30 AM EST, you can typically earn an approval decision and funds on the same day. Applications approved after 10:30am EST are normally funded by the next banking day.
Please call a local Advance America store or the contact center for account information at 1-844-562-6480.
The process is easy: Select your loan amount. The maximum loan amount depends on your PayPal account history. Choose the percentage of your PayPal sales that will go toward repaying your loan and fee.
Advance America is a financial services company with over 2,000 stores across the U.S. It specializes in payday loans, which are short-term loans known to have high interest rates. Besides payday loans, Advance America also offers two other loan types: Title loans: These are secured by the value of your car.
You can borrow up to 50% of your balance up to a maximum loan amount of $50,000, although you may have to pay penalty fees for moving the funds.
You may qualify for an Advance America loan even if you don't have good credit. The company's payday loans, also called cash advances, require a government ID, Social Security number, proof of income and an active checking account to apply, and may require a credit check.