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  Advance America Installment Loans

Advance America Installment Loans

in Personal Loans from AARC LLC

Unaffiliated

Advance America Installment Loans

Unaffiliated

in Personal Loans from AARC LLC

SuperMoney Net Recommendation Score -20

SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of -20, equating to 2.6 on a 5 point rating scale.

-20

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Mostly not recommended

2 users recommend
0 users are unsure
3 users don't recommend
Browse Reviews: 2 Recommendations | 3 Complaints
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Highlights
Community Rating Mostly not recommended
APR 143.29% - 688.28%
Loan Amount $100 - $5,000
Loan Term (Months) N/A
Number of Reviews 5

Advance America Installment Loans Review

Advance America Installment Loans is offered by AARC LLC, a direct lender founded in 1997 and based in Spartanburg, SC. Advance America Installment Loans is available in 29 states across the USA.

Key Takeaways
  • Fast access to funds. In some cases you can get your money within 1 business day.
  • Hard credit pull required. You can't check your rates or see if you prequalify for Advance America Installment Loans without a hard pull on your credit report. Most lenders give you the option of a soft pull on you credit report.
Advance America Pros & Cons
Pros Cons
  • $0 prepayment fee.
  • Considers applicants with fair credit.
  • Funding available within 3 business days.
  • APRs as high as 688.28%.
  • Charges an origination fee.
  • Do not offer pre-approval with soft credit pull.
  • Advance America Installment Loans does not report to credit bureaus.
  • Charges a late fee.
Advance America FAQ

What interest rates and personal loan terms does Advance America offer?

Advance America has higher than average interest rates for lenders reviewed on SuperMoney.

What interest rates does Advance America offer?

Advance America offers a personal loan product that ranges from 143.29% APR up to 688.28% APR.

How much can you borrow via Advance America?

Business loan amounts start at $100 and go up to $5,000.

Advance America Interest Rates & Loan Terms
Personal Loan Amount $100 - $5000
Loan Term N/A
APR 143.29% - 688.28%

What fees does Advance America charge?

Does Advance America charge an origination fee?

Advance America may charge a personal loan origination fee.

Does Advance America charge a late fee?

Yes, Advance America may charge borrowers a late payment fee if you miss one of the monthly payments.

Does Advance America charge prepayment fees?

No, Advance America does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.

Advance America Fees
Origination Fee No
Prepayment Fee No
Late Payment Fee No

What do you need to qualify for Advance America Installment Loans?

The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Advance America Installment Loans does not have or does not disclose a minimum annual income eligibility requirement.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. APRs for the Advance America Installment Loans product fall outside of the MLA limits, and as a result, the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.

Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Applicants must have an active and valid personal checking account
  • Proof of income
  • Driver's license
  • Proof of citizenship or residence permit
Advance America Eligibility Criteria
Minimum Age 18
Bank Account Required? Yes
Application Types Accepted
  • Individual Applications
    		•
    Credit Score 300 - 640

    What is the estimated funding time for a personal loan via Advance America?

    Advance America will typically approve (or deny) a loan application within 24 hours and fund loans within 3 business days of approval.

    SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
    Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

    Contact

    Other Services by AARC LLC

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    Payday Loans

    Rating not yet determined

    2 Reviews

    Availability

      Available in 29 states
    • Alabama
    • California
    • Colorado
    • Delaware
    • Florida
    • Idaho
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Louisiana
    • Michigan
    • Mississippi
    • Missouri
    • Nebraska
    • Nevada
    • Ohio
    • Oklahoma
    • Rhode Island
    • South Carolina
    • South Dakota
    • Tennessee
    • Texas
    • Utah
    • Virginia
    • Washington
    • Wisconsin
    • Wyoming

    Feature Breakdown

    No Prepayment Fee
    Checking Account Required
    Immigration Status Considered
    • U.S. Permanent Resident
    Joint Loan Applications Accepted
    • Individual Applications
    Military Status
    • Non-Military
    • Veterans
    Minimum Age 18
    Verification Documents Required
    • Proof of Income
    • Driver License (or other photo ID)
    • Proof of citizenship/residence (Green Card)
    Credit Score Range 300 - 640
    Loan Amount $100 - $5,000
    APR 143.29% - 688.28%

    Advance America Installment Loans Community Reviews

     

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    SUPERMONEY NET RECOMMENDATION SCORE

    This product is mostly not recommended by SuperMoney users with a score of -20, equating to 2.6 on a 5 point rating scale.

    -20

    Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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