Where does Advance Financial do business?
Advance Financial is a direct lender based in Nashville, TN. It was founded in 1998 and offers personal lines of credit in 11 states across the USA.
What are the APRs offered via Advance Financial?
Advance Financial offers a fixed APR personal line of credit that ranges from 240% up to 360%.
Does Advance Financial charge an origination fee?
No, Advance Financial does not charge an origination fee.
An origination fee is what some lenders charge for processing, underwriting, and funding a line of credit. These fees can range from 0.5% to 5% of the line of credit amount. Whenever possible, go with lenders that don’t charge origination fees.
Does Advance Financial charge a cash advance fee?
No, Advance Financial doesn't charge a cash advance fee. Some lenders charge a cash advance fee every time borrowers withdraw cash from their line of credit. Typically, fees range from 0.5% to 10% of the amount withdrawn..
Does Advance Financial charge a late fee?
No, Advance Financial will not charge you a late fee..
Does Advance Financial charge prepayment fees?
No, Advance Financial does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the line of credit off and close the account.
How much can you borrow via Advance Financial?
Personal lines of credit start at $100 and go up to $4,000.
What do you need to qualify for a line of credit with Advance Financial?
Applicants with a credit score of at least 300 can apply for a line of credit via Advance Financial. The minimum age to apply for a line of credit is 18 or the state minimum, whichever is higher.
Advance Financial only considers borrowers who are employed.
Active duty servicemembers and their covered dependents cannot apply for a line of credit via Advance Financial. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR.
Only U.S. citizens and permanent residents can apply for a line of credit.
To qualify, applicants may need to provide the following documentation:
- Driver's license
- Proof of citizenship or residence permit
- Recent pay stubs
- Proof of income
What is the estimated funding time for a personal line of credit via Advance Financial?
Advance Financial will typically approve (or deny) a line of credit application within 48 hours and fund personal lines of credit within 1 business day of approval.
Does Advance Financial report payments to credit bureaus?
Advance Financial may report credit data to the following credit reporting agencies:
- Alternative credit bureaus (not Transunion, Experian, or Equifax)
100 Oceanside Drive
Nashville, TN 37204 USA
Message from Advance Financial
- North Dakota
- U.S. Citizen
- U.S. Permanent Resident
- Employed Full-Time
- Employed Part-Time
- Direct Deposit (W2, SSA, SSDI)
- Payroll Check or Prepaid Card
- Individual Applications
- Proof of Income
- Recent Pay Stubs
- Driver License (or other photo ID)
- Proof of citizenship/residence (Green Card)