{"id":9482,"date":"2022-11-06T22:16:54","date_gmt":"2022-11-06T21:16:54","guid":{"rendered":"https:\/\/ecreditdaily.com\/?p=9482"},"modified":"2022-11-10T20:12:57","modified_gmt":"2022-11-10T19:12:57","slug":"does-advance-america-check-your-credit","status":"publish","type":"post","link":"https:\/\/businessfinancenews.com\/loans\/does-advance-america-check-your-credit\/","title":{"rendered":"does advance america check your credit"},"content":{"rendered":"
Advance America is a loan company with over 2000 locations across the United States and Canada. It offers payday loans, cash advances, check cashing, and bill payment services.<\/p>\n
You can find the Advance America storefront in over half of the US. Based on where you reside, you might be able to get an installment loan or title loan as well as a line of credit and leave the store with cash in the bank. An Advance America cash advance can be a good option when you are cash strapped.<\/p>\n
Advance America has a map tool available on their website to assist you in finding branches that are in the area you live in.\u00a0Take these steps to begin:<\/p>\n
You may also request a payday loan and other loan options through Advance America online if you reside in one of the following states:<\/p>\n
If you want to apply for a payday loan\u00a0 in the Advance America store, follow these steps:<\/p>\n
The whole process of getting an Advance America cash usually is about 15 minutes. If approved for an advance America loan, you\u2019ll receive your loan money immediately.<\/p>\n
If you go to the Advance America store, be sure to bring the following information on hand:<\/p>\n
If you intend to borrow title loans at America Cash Advance, make sure you are to bring along your car\u2019s unreliability-free title along with the car itself proof of residence as well as proof of insurance, depending on where you reside.<\/p>\n
There are many types of loans available at Advance America. Some of the most common types include:<\/p>\n
You must repay payday loans in full upon your next payday. For payday loans and cash advances, borrowers pay a fee for each $100 borrowed.<\/p>\n
This loan is more significant than a cash advance and payday loan. You must pay in equal monthly payments over 12 months. A fee applies for each $100 borrowed up to the first $1,000 and interest is charged on all amounts after that point. An origination fee may apply to the total amount due at closing if approved for a loan. A returned payment fee also applies.<\/p>\n
This loan from Advance America allows you to build your credit history with an installment plan that\u2019s right for you. The minimum loan amount is $100, and there are no charges for additional extensions through the Credit Builder program as long as the account remains in good standing. Unlike payday loans, there is no origination fee on either of these options.<\/p>\n
Cash loans from Advance America are available as a lump-sum advance against your federal income tax refund or as installments up to,000. Even those with poor credit or no credit score can apply for this type of loan. Interest rates range from 45% APR to 200% APR for cash advances when borrowers choose the installment option.<\/p>\n
these loans are for applicants with a bad credit score. This is an unsecured form of lending that does not require credit score verification. You are still under review by Advance America\u2019s underwriting system to determine whether you qualify for this loan offering and what interest rate will apply. There is an origination fee of $25 on this loan.<\/p>\n
In addition to the short-term loan you need, Advance America also offers several other products and services.<\/p>\n
The Consumer Financial Protection Bureau (CFPB) does not require lenders to evaluate your ability to pay back the loan. It also applies to Advance America. This puts you at the risk of being stuck in a cycle of debt.\u00a0Take a careful look at your finances and the loan\u2019s cost to ensure that it\u2019s within your budget.<\/p>\n
Installment, payday, and auto title loans from Advance America have high-interest rates and charges that could trap you in a cycle of debt. The borrower may take out a third or fourth loan because they were unable to repay the first in time.<\/p>\n
Look at other options before you decide to take Advance America short-term loans.<\/p>\n
Advance America covers its bases by providing the three most popular types of short-term loans across 28 states. However, before you embark on the journey, read our review of Advance America and find out how to use online payday loans\u00a0to make sure you know the impact of borrowing on your financial situation.<\/p>\n
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