Advance America Review: Fast Cash at a High Cost (2025)

Written by Joe Chappius

- Dec 2, 2025

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Advance America provides rapid access to payday loans, even for those with poor credit. While their service boasts same-day funding and a straightforward application process, the convenience comes at a steep price. Advance America offers high-cost loans with APRs far above market average. Fees and terms lack transparency and flexibility. Customer support is absent—no response received.

  • Fast approval and funding

  • No credit check required

  • Physical store locations for in-person service

This company is not recommended

We would just like to make you aware that Advance America is not verified Financer partner. Consider other top options below.

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How Advance America compares - Financer Score™

Financer score™ is our own point system which is updated live and based on several criteria that gives you a balanced view of the company quality.

Financer Score™57

Pricing

40

Advance America offers payday, installment, and title loans with very high APRs, ranging from 143.29% to 688.28% for payday loans and varying by state. Additional fees apply, disclosed post-application.

Customer Support

20

Unfortunately, during our testing, we got no response from the support team.

Terms and Flexibility

40

While terms are technically transparent, they seem designed to trap borrowers in debt cycles. The short repayment periods (often just 7-14 days) combined with high rates make repayment difficult, leading to rollovers and mounting debt.

Popularity

80

The popularity score indicates the percentage of customers choosing this company the last 90 days.

Customer Experience

CFPB reports highlight significant concerns about the company's payday loan products trapping borrowers in debt cycles with triple-digit interest rates. While in-store experience is rated highly, the financial impact on customers remains problematic.

Review this companyRead reviews (2)

Advance America Loans in Advance America – Details

Terms & fees

Loan amount$50 - $5,000
Term7 days - 2 years
Annual interest rate143.29% - 688.28%
Origination feeVaries by state and loan type
Monthly feesVaries by state and loan type

Requirements

Minimum age18
Minimum income$0
National bank requiredYes
National phone number requiredYes
Citizenship requiredYes
Electronic identificationYes

Features

Cosigner possibleNo
Revocation periodNo
Accept bad credit historyYes
Weekend payoutYes
Loan extensionsYes
Early paybackYes
Payment within 24 hoursYes
Loan brokerNo
Interest free loanNo

Additional fields

Payment hours8am-9pm
High approval rateNo
Recommended companyYes

Company information – Details

Company nameAdvance America
Websitehttps://www.advanceamerica.net/
Phone(844)562-6480
Emailcustomerservice@service.advanceamerica.net
Address135 N. Church St., Spartanburg, SC 29306
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In today's unpredictable financial landscape, many Americans find themselves seeking quick cash solutions. Advance America, a prominent name in payday lending, offers a tempting lifeline - but is it worth grabbing?

Our 2024 review dives deep into Advance America's services, weighing the allure of fast money against the potential for long-term financial strain.

Quick Answer:

Advance America provides rapid access to payday loans, even for those with poor credit. While their service boasts same-day funding and a straightforward application process, the convenience comes at a steep price.

With annual percentage rates (APRs) typically ranging from 200% to 500%, these loans can quickly lead to a cycle of debt. Consider Advance America only as a last resort, after exhausting all other financial options.

Key Features of Advanced America

Advance America offers a range of short-term lending products designed to provide quick access to cash. Here's a detailed look at their key features:

CategoryDetails
Loan TypesPayday loans: Short-term loans typically due on your next paydayInstallment loans: Larger loans repaid over time in scheduled paymentsTitle loans: Loans secured by your vehicle title (select states)Lines of credit: Revolving credit lines you can draw from as needed
Loan Amounts$100 – $1,000 for payday loans (varies by state and loan type)*Higher amounts available for installment loans and lines of credit in some states
Loan TermsPayday loans: Typically 2-4 weeksInstallment loans: From a few months to a yearTitle loans: Often 30 days, can be longer in some statesLines of credit: Ongoing as long as the account remains in good standing
APR (Annual Percentage Rate)Varies significantly by state and loan type- Often exceeds 400% for payday loans- Installment loans and lines of credit usually have lower rates, still higher than traditional bank loans
Credit CheckNot required for most products, making these loans accessible to those with poor or no credit
Funding TimeSame day funding available for in-store applications- Next business day for most online applications approved before a specific cut-off time
AvailabilityPhysical presence in 28 states with over 1,400 store locations- Online loans available in select states
Application ProcessCan be completed online or in-store- Minimal documentation required (typically ID, proof of income, and bank account information)
Repayment MethodsACH withdrawal from your bank account- Cash or check payment in-store- Debit card payment (where available)
Additional ServicesPrepaid debit cards- Money transfer services- Check cashing (in select locations)

While these features offer flexibility and accessibility, it's crucial to understand the full implications of using these high-cost lending products before applying.

Apply Now

Who Is Advance America For?

Understanding who might benefit from Advance America's services – and who should avoid them – is crucial for making an informed decision. Here's a more detailed look at the typical customer profile:

Advance America caters to individuals who:

  • Need small amounts of cash quickly for emergencies: If you're facing an unexpected expense like a car repair or medical bill and have no other immediate resources, Advance America's quick funding could be helpful.

  • Have exhausted other borrowing options: For those who've been turned down by traditional lenders due to poor credit or lack of credit history, Advance America's no-credit-check policy provides an alternative.

  • Can repay the loan in full by their next payday: It's crucial that borrowers have a clear plan to repay the loan quickly to avoid falling into a cycle of debt.

  • Understand and accept the high costs associated with payday loans: Borrowers should be fully aware of the fees and interest rates involved and consider them in light of their financial situation.

  • Have a regular source of income: While Advance America doesn't require stellar credit, they do need proof of steady income to ensure you can repay the loan.

  • Are at least 18 years old with a valid ID: These are basic requirements for all of Advance America's loan products.

  • Have an active checking account: This is necessary for both receiving funds and setting up repayment.

It's not suitable for those seeking:

  • Large loan amounts: If you need to borrow more than a few hundred or thousand dollars (depending on your state), Advance America may not be able to meet your needs.

  • Long-term financial solutions: These loans are designed for short-term use only. They're not appropriate for ongoing financial issues or large purchases.

  • Affordable interest rates: If you have other options available, such as traditional personal loans or credit cards, these will likely offer significantly lower rates.

  • Help with existing debt problems: Using a high-interest loan to pay off other debts is generally not advisable and can worsen your financial situation.

  • To build credit: Most payday lenders, including Advance America, do not report to credit bureaus, so these loans won't help improve your credit score.

  • Financial stability: If you're already struggling to make ends meet, taking on a high-interest loan could exacerbate your financial difficulties.

Remember, while Advance America can provide a quick financial band-aid, it's important to consider the long-term implications of high-cost borrowing.

Always explore all available options and consider seeking financial advice before committing to a payday loan or similar high-cost credit product.

Further Reading: How to Get Out of Debt: A Step-by-Step Guide

How to Apply Step by Step

Applying for a loan with Advance America is designed to be a straightforward process. Here's a detailed guide on how to apply, along with important considerations at each step:

Visit Advance America’s website or a local store

  • Online: Go to www.advanceamerica.net and select your state to see available products
  • In-store: Use their store locator to find a nearby location

Consider: Decide whether you prefer the convenience of online application or the personal touch of in-store service

Choose your loan amount and provide personal information

Select the type of loan you want (payday, installment, etc.) and the amount you need. Fill out the application form with your personal details, including:

  • Full name
  • Address
  • Phone number
  • Email address
  • Social Security number
  • Employment information

Consider: Only borrow what you absolutely need and can afford to repay

Submit required documents

Typically, you’ll need to provide:

  • A valid government-issued ID
  • Proof of income (recent pay stubs or bank statements)
  • A recent bank statement
  • A blank check from your active checking account

For online applications, you may need to upload photos or scans of these documents

Review and sign loan agreement if approved

If approved, carefully read the entire loan agreement. Pay special attention to:

  1. The APR (Annual Percentage Rate)
  2. The total amount you’ll need to repay
  3. The due date
  4. Any fees for late payment or early repayment

Sign the agreement if you agree to all terms. Don’t hesitate to ask questions if anything is unclear. It’s crucial to fully understand what you’re agreeing to.

Receive funds

In-store: You can often receive cash immediately. Online: Funds are typically deposited into your bank account by the next business day.

Before applying, consider:

  • Exploring all other less expensive borrowing options: Could you borrow from family or friends? Is there a local credit union offering payday alternative loans?

  • Ensuring you can repay the loan in full by the due date: Look at your budget carefully. Will you have enough to repay the loan and cover your regular expenses?

  • Understanding the full cost of the loan: Calculate the total amount you'll need to repay, including all fees and interest

  • Reading the loan agreement carefully before signing: Don't rush this step. Make sure you understand and are comfortable with all terms

  • Checking state regulations: Loan terms and availability vary by state. Make sure you understand the specific rules that apply to you

Remember, while the application process is designed to be quick and easy, it's important to approach it thoughtfully. Taking out a high-cost loan is a significant financial decision that should not be made lightly.

Apply Now

Costs Breakdown

Understanding the true cost of borrowing from Advance America is crucial for making an informed decision. Here's a detailed breakdown of the fees and charges you might encounter:

Fee TypeAmount
Loan Amount$100 - $1,000
APRTypically 200% - 500%
Finance Charge$15 - $30 per $100 borrowed
Late FeesVary by state, can be substantial
NSF FeesTypically $25 - $35 for returned payments

Additional Cost Considerations:

  • Actual APR vs. Stated APR: Due to the short-term nature of payday loans, the actual APR can be much higher than the stated rate. For example, a $15 fee on a $100 two-week loan equates to an APR of nearly 400%.

  • Cumulative Costs: If you’re unable to repay on time and need to renew or reborrow, costs can quickly spiral. Even small fees can add up to a significant percentage of the original loan amount

Alternatives to Consider

Before choosing Advance America, explore these potentially cheaper options:

  • Personal loans from online lenders or banks

  • Credit card cash advances (still expensive, but typically lower APR than payday loans)

  • Local nonprofits or charities offering emergency assistance

  • Negotiating with creditors for extended payment plans

  • Side gigs or freelance work for quick cash

FeatureAdvance AmericaCheck Into CashACE Cash Express
Loan Amount$100 - $1,000*$50 - $1,500*$100 - $2,000*
Typical APR Range200% - 500%*150% - 600%*200% - 700%*
Loan Term2-4 weeks2-4 weeks1-4 weeks
Same-Day FundingYes (in-store)Yes (in-store)Yes (in-store)
States Available28 states30 states23 states
Mobile AppYesYesYes

*Note: Amounts and rates vary by state. Always check the specific terms for your location.

State-Specific Information

Advance America's offerings vary significantly by state due to differing regulations. Here are a few examples:

  • California: Max loan $255, up to 31 days, 15% max fee

  • Florida: Max loan $500, 7-31 days, 10% fee + $5 verification fee

  • Ohio: Offers installment loans instead, max $1,000, 91 days to 1 year, 28% APR cap

  • New York, Maryland, Pennsylvania: Payday loans not offered due to state regulations

Always check the specific terms for your state before applying.

Apply Now

Final Verdict

Advance America provides a quick financial band-aid, but at a cost that can lead to long-term financial wounds. While it may serve as a last-resort option for those with limited alternatives, the risk of falling into a debt cycle is significant and should not be underestimated.

Before turning to Advance America:

  • Exhaust all other financial options

  • Create a budget to identify potential savings

  • Consider debt consolidation if you're struggling with multiple debts

  • Explore ways to increase your income

If you do choose Advance America, borrow only what you absolutely need and have a solid repayment plan. Consider seeking financial counseling to address underlying money management issues and explore more sustainable financial solutions.

Remember:

Your long-term financial health is crucial. Make informed decisions and prioritize building financial stability over quick fixes. For more information on managing your finances and exploring loan options, check out our comprehensive financial guides.

Further Reading: How to Improve Your Credit Score: A Comprehensive Guide

Frequently Asked Questions

Is Advance America legitimate?

Yes, Advance America is a legitimate payday lender operating since 1997. They are licensed in the states where they operate and are a founding member of the Community Financial Services Association of America (CFSA).

What happens if I can't repay my Advance America loan on time?

If you can't repay on time, you may incur late fees and additional interest charges. In some cases, Advance America may offer an extended payment plan. However, failing to repay can lead to debt collection activities and potential legal action.

Can I have multiple loans with Advance America?

This depends on state regulations. In some states, you can have multiple loans, while others prohibit this practice. Always check your local laws and consider the risks of taking on multiple high-interest loans.

Does Advance America check credit?

Advance America typically does not perform a hard credit check, making their loans accessible to those with poor credit. However, they may use alternative methods to assess your ability to repay.

Latest Reviews

TB

Tino Black

Upsides

never yoku trust this company

Downsides

In addition to their technical acumen, ERIB.IO or WhatsApp number +1 (657) 257‑9856's emotional support was invaluable. The team was always available to answer my questions, no matter how trivial they seemed.

EH

Eric Hansen

Upsides

Advance America has proven to be a reliable and trustworthy financial partner, offering a range of services that cater to my needs. One of the standout features is their transparent fee structure and quick approval process.

Downsides

I am really greatful to Advance America.

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Advance America Review (2025) – Read Pros, Cons & Costs