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Last Updated: 04/18/2025

Advance America Installment Loans

in Personal Loans from AARC LLC

Last Updated: 04/18/2025

Created by:

SuperMoney

Fact Checked by:

Andrew Latham

Mostly recommended6 total votes

3 users recommend

3 users don't recommend

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Highlights

Community Rating

Mostly recommended

APR

143.29% - 688.28%(Verified 06/21/2024)

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Amount Range

$100 - $5,000

Loan Term (Months)

N/A

Number of Reviews

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 are available in 29 states.

Key Takeaways

Fast access to funds. If approved, you can sometimes get your money within 1 business day*.

Advance America Pros & Cons

Pros

Cons

No prepayment penalty.
Considers applicants of all credit types.
Get funded in as little as 1 business day.

APRs as high as 688.28%.
Charges an origination fee.
Does not offer pre-approval with soft credit pull.
Advance America Installment Loans does not report to credit bureaus.
No co-sign option available.

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?

Personal 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?

Advance America does not disclose whether it charges late payment fees.

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

Prepayment Fee

Late Payment Fee

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.

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 or other government photo ID
Proof of citizenship or residence permit

Advance America Eligibility Criteria

Minimum Age

Bank Account Required?

Yes

Credit Score

300 - 640

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

Advance America will typically fund loans within 1 to 3 business days of approval and clearing necessary verifications.

Does AARC LLC perform a hard credit pull?

Yes, Advance America performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.

Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.

Are Advance America Installment Loans legit?

AARC LLC was founded in 1997, it is a well-established company that has been in business for 29 years. Advance America Installment Loans is mostly recommended by SuperMoney community users.

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

Headquarters

135 N Church St

Spartanburg, SC 29306

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