{"id":21228,"date":"2022-11-06T22:16:47","date_gmt":"2022-11-06T21:16:47","guid":{"rendered":"https:\/\/ecreditdaily.com\/?p=9489"},"modified":"2022-11-10T20:14:25","modified_gmt":"2022-11-10T19:14:25","slug":"advance-america-installment-loans-reviews","status":"publish","type":"post","link":"https:\/\/businessfinancenews.com\/loans\/advance-america-installment-loans-reviews\/","title":{"rendered":"advance america installment loans reviews"},"content":{"rendered":"
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You Can Receive Cash Quickly but Beware of the High Charges<\/h3>\n

It charges outrageous costs and interest rates on loans. Advance America probably isn\u2019t the best choice for a cash advance.<\/p>\n

If you look through the reviews of the customers who have used Advance America, the word \u201cscam\u201d may pop up. But, this financial services company isn\u2019t in any way fraudulent.\u00a0Fraudsters who appear to be representing Advance America have targeted unsuspecting customers in the past.<\/p>\n

The real company is legit and specializes in\u00a0payday loans\u00a0or installment loans and title loans in certain states throughout the United States.<\/p>\n

Yet, Advance America doesn\u2019t have an impeccable reputation. The firm provided $18.75 million for North Carolina consumers to settle a class-action lawsuit which claimed Advance America imposed an illegal fee and charge.<\/p>\n

Check out this extensive Advance America review to learn more.<\/p>\n

Advance America Loans Overview<\/h3>\n

Advance America is a financial services company that has more than 2000 locations across the U.S. It is the leader in cash advances which are short-term loans and are well-known for its high-interest rate.<\/p>\n

As well as cash advances Advance America also offers two kinds of loans:<\/p>\n

The cash advance provided by Advance America is one of the loans that are similar to personal loans. It lets you repay the loan over 3 to 36 months.<\/p>\n

One benefit of borrowing money from Advance America is that you can\u00a0be able to access funds quickly.\u00a0If you live near one of the locations, you can go in and out on the same day and get the funds you need.<\/p>\n

Advance America Interest Rates and Charges<\/h3>\n

The fees and interest rates differ based on the state in which you reside.\u00a0If you\u2019re applying for Advance America installment loans, you\u2019ll need to enter your zip code.<\/p>\n

Advance America installment loan, you\u2019ll have to input your zip code before the time you can look through the available options.<\/p>\n

For instance, the installment loans of 650 with an initial term of 6 months in South Carolina come with a 348.04 percent APR.<\/p>\n

This rate was in effect at the date of publication on March 12, 2018.\u00a0Make sure to check the most current rates on the Advance America website.\u00a0Advance America website.<\/p>\n

Once you\u2019ve identified the rates for your area, you\u2019ve compared them against a fixed interest rate for individual loans\u00a0from other lending institutions such as SoFi.\u00a0They offer rates from 2.49 percent up to 6.94 percent.<\/p>\n

If you\u2019re interested in pursuing assistance with the assistance of Advance America, you can apply online. The loan application will offer information about the fees and fees according to the state you reside in, the amount of the loan, and the repayment conditions. A loan of $650 is available in South Carolina; for example, it will cost $1,341.12 to pay back.<\/p>\n

Before you take out a loan from Advance America, make sure you read the conditions and terms.\u00a0If you don\u2019t plan to pay back, these fees and interest rates could lead to you being more in debt than when you first started.<\/p>\n

Online Platform<\/h3>\n

Advance America lets customers apply online or in-person to get loans.\u00a0Advance America has branches across 25 states.<\/p>\n

If you\u2019re unable to go to a store or prefer applying on the internet, you can apply via an online form.\u00a0Begin the process by selecting \u201cApply in advance\u201d at the Advance America homepage.<\/p>\n

Based upon the specific state you reside in and the benefits it provides depending on your state, you can decide which kind of loan you could apply for.<\/p>\n

For example, in the case of South Carolina, we can observe that you can apply for a payday loan and an installment loan, which includes the following limitations for loans.<\/p>\n

When you click \u201cApply Now\u201d for a loan, you will be capable of seeing what your repayment will look like when you click \u201cLearn More.\u201d<\/p>\n

Alongside the Advance America calculator for estimating your loan\u2019s payment, you can also analyze your numbers with the\u00a0Personal Loan Calculator.\u00a0The calculator will provide how much you\u2019ll spend on interest during the life you take out the loan.<\/p>\n

If you decide to go ahead with this lender, you will begin filling out the application form.\u00a0The application will request basic personal information, as well as Social Security numbers.<\/p>\n

Additionally, you\u2019ll have to enter your earnings and employment information in addition to indicating the amount you\u2019re paid.<\/p>\n

After that, you\u2019ll have to enter the information into the checking account you have. The due date is coming up, Advance America will automatically debit your account with the funds.<\/p>\n

If you think this is a risky proposition, it\u2019s because it is. If you\u2019re not able to pay the bill, the company could take a substantial amount of cash from your account. It is likely to continue until the money is repaid in full, including the interest and the total amount.<\/p>\n

A benefit of applying online is that the customer service representative is available via chat to answer any questions you may have as you fill out the application.\u00a0They will respond to your inquiries quickly, making it simple to resolve any doubts you might have when applying.<\/p>\n

Once you\u2019ve filled out the application, you\u2019ll soon know whether or not you\u2019re approved.\u00a0A majority of applicants will receive funds in their accounts when they have submitted their applications.<\/p>\n

Payday and Installment Credit Terms for Eligibility<\/h3>\n

Advance America doesn\u2019t have strict criteria to obtain an installment loan or payday loan.<\/p>\n

One advantage for some consumers is that Advance America has a low line of credit criteria for loans. A poor credit score or even bankruptcy isn\u2019t a reason to stop borrowers from obtaining loans.<\/p>\n

Credit-worthy customers might not be eligible for loans from bank verification such as Citizens Bank or Upstart. However, they might not be eligible for loans from Advance America.<\/p>\n

To apply for a loan, applicants must supply the following details:<\/h5>\n