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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% 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
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Highlights
Highlights
Community Rating Mostly not recommended
Loan Amount $100 - $5,000
APR 143.29% - 688.28%
Loan Term 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 cash. In some cases you can get your money within 1 business day.
  • Poor credit accepted. Even if you have bad or poor credit, you can apply. Borrowers with a credit score as low as 300 are considered for Advance America Installment Loans.
  • 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 Installment Loans Pros and Cons:

Pros Cons
  • $0 prepayment fee.
  • Advance America Installment Loans does not report to credit bureaus.
  • Considers applicants with poor credit.
  • Fast funding.
  • APRs as high as 688.28%.
  • Charges an origination fee.
  • Do not offer pre-approval with soft credit pull.
  • Charges a late fee.
  • No co-sign option.

What rates and terms does Advance America Installment Loans offer?

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

What APR rate does Advance America Installment Loans offer?

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

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

How much can you borrow via Advance America Installment Loans?

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

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

What fees does Advance America Installment Loans charge?

Does Advance America Installment Loans charge an origination fee?

Advance America Installment Loans may charge a loan origination fee.

Does Advance America Installment Loans charge a late fee?

Yes, Advance America Installment Loans may charge borrowers a late payment fee.

Does Advance America Installment Loans charge prepayment fees?

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

Advance America Installment Loans Fees
Origination Fee N/A
Prepayment Fee? No
Late Payment Fee N/A

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 checking account
  • Proof of income
  • Driver's license
  • Proof of citizenship or residence permit
Advance America Installment Loans 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 Installment Loans?

    Advance America Installment Loans will typically approve (or deny) a loan application within 24 hours and fund personal 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...

    Contact

    • Headquarters
    •   135 N Church St
      Spartanburg, SC 29306 USA
    •   Visit Site

    Other Services by AARC LLC

    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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