Advance America Grand Prairie Reviews (2024)

FAQs

Is Advance America worth it? ›

Advance America is a large lender that offers payday loans, installment loans and title loans for people who don't have great credit. While loans from Advance America can be funded quickly, sky-high interest rates and fees make these loans a last resort that you should avoid if possible.

At Advance America, we approve borrowers with less-than-perfect credit every day. Instead, of relying solely on your FICO score, we consider other factors like your income and employment situation when determining your ability to repay your loan.

Class Action Against Country's Largest Payday Lender Reaches $18.75 Million Settlement. Advance America, the country's largest payday lender, agreed to pay $18.75 million to more than 140,000 North Carolina consumers under a proposed settlement agreement announced by the consumers' attorneys.

Advance America offers legitimate online loans

Our online cash loan applications come with advanced security and encryption to keep your personal data secure.

Borrowing amounts vary by your state and eligibility, but typically range from hundreds to thousands of dollars.

Yes, you can pay off your loan early at your nearest store or within your online account. If you choose to pay your full balance early, we won't charge any pre-payment penalties.

Payment history is weighed the most heavily in determining your credit score, along with your total outstanding debt. Generally, borrowers need a credit score of at least 610 to 640 to even qualify for a personal loan. To qualify for a lender's lowest interest rate, borrowers typically need a score of at least 800.

However, borrowers with 500 credit scores will have a better chance of approval with the following loan types: Secured personal loans: Secured personal loans require you to pledge collateral, such as a vehicle, savings account, collectible, piece of jewelry, or even the fixtures in your home.

Advance America offers a variety of short-term loans that are options for people of all credit types. Even if you don't have good or excellent credit, you could be approved for a loan. From title loans to payday loans, we have a number of options to help you with your unique financial needs.

Advance America is a wholly owned subsidiary of Grupo Elektra, one of the largest Latin American providers of banking services, consumer finance and specialty retailing, and we are also a founding member of the Community Financial Services Association, which encourages fair and fully disclosed lending practices.

What is the new name for Advance America? ›

Advance America Announces New Corporate Name: Purpose Financial, Inc.

According to reports, on February 7, 2023, Advance America experienced a temporary outage affecting its IT network. It was later determined that some accessed files contained confidential consumer information.

We offer an instant approval decision, so borrowers don't have to wait long to see whether they can get the funds they need. Receive your funds: If approved for an Advance America loan, you can get your funds as soon as the same day you applied.

We work with borrowers with all types of credit scores, so you can get the money you need quickly, sometimes the same day you apply. Best of all, applying for a loan doesn't impact your FICO score! Visit your nearest Advance America store or apply online now!

If you're applying in-store, you'll need: Government issued photo ID, proof of open and active checking account (statement), most recent proof of income (check stub, award letter or direct deposit), and verification of SSN. Depending on state, a check may be required.

Advance America offers a variety of no credit check loans with a fast and easy approval process, including Payday Loans, Installment Loans, and Lines of Credit. Borrowers can fill out an application online or in-store, get approved in minutes, and receive their funds the same day they apply.

Using your credit card for a cash advance doesn't directly affect your credit score. Your credit report won't show that you used your credit card to get cash. However, the cash advance does increase your credit card balance and could hurt your credit score if it pushes your credit utilization ratio too high.

Advance America will work with you to establish Payday Loan payment arrangements. And we're committed to collecting past-due accounts in a professional, fair, and lawful manner. We do not report to Equifax, Experian, or TransUnion credit agencies.

Taking out a cash advance may seem like a good idea in the moment, but it can quickly lead you to rack up debt. We recommend avoiding a cash advance altogether and opting for some alternative options that have better terms. Borrow from family or friends: You can ask family or friends for a loan.