| 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 |
|---|---|
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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.
| 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.
| 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
| Minimum Age | 18 |
| Bank Account Required? | Yes |
| Application Types Accepted |
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| 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.
Availability
- 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
