Frequently Asked Questions -
Installment Loans

In order to apply for an Installment Loan, you'll need to provide a government issued ID, proof of income, checking account, and verification of social security number. Requirements vary by state. For specific information, click here to visit your state page.

Advance America considers customers with all types of credit. For our Installment Loans, we will review third-party data sources to verify your eligibility.

Installment Loan amounts vary by state. When applying for a loan, we use your personal information to determine a loan amount that works for you.

We don’t require any collateral for our Installment Loans.

Depending on your state’s requirements, we typically only need your government-issued ID, proof of income, checking account information, and Social Security number to process your application.

For Installment Loans or extended term loans, we will review third party data sources to verify credit.

Installment Loan payments will be automatically withdrawn from your bank account on the due date. Cash payments are also accepted in person at any Advance America location.

Depending on your state and loan terms, your repayments can range from 3 to 36 months.

To apply for an Installment Loan, you will need the following:

• Government issued ID,

• An active bank account,

• Recent proof of income,

• Valid Social Security number,

• Active email address for Online Loans.

Typically, your loan payments are aligned with your pay dates. During the loan process, we will review the specific due dates and amounts associated with your loan to ensure you understand the terms of the agreement before finalizing.

Understanding the differences between Payday Loans and Installment Loans can help you decide the best fit for you. A Payday Loan or Cash Advance is a short-term personal loan where you pay a one-time fee based on the amount borrowed. Payday Loans are ideal as short-term solutions to money needs in between paychecks, or to handle emergency expenses.

In-Store or Online Installment Loans are typically larger loans that are paid back over time. These types of loans can give you more money at one time, and allow you to repay the money over a longer period of time. These are ideal for customers who prefer to pay back in increments as time goes on.

Past-due payments may impact your ability to take out future loans with Advance America or other lenders. We’re committed to the fair and lawful collection of past-due accounts and can work with you to establish payment arrangements.

If you anticipate being unable to repay your Installment Loan on time, please get in touch with your local store or call us at (844) 562-6480.

Automatic loan payments are typically set to coincide with your pay dates. During the loan approval process, we outline the specific due dates and payment amounts in your loan agreement to ensure you understand the terms before signing.

Yes. There is no penalty for paying off your loan early and doing so may decrease the overall cost of your loan.

Understanding the differences between Payday Loans and Installment Loans can help you decide the best fit for you. A Payday Loan or Cash Advance is a short-term personal loan where you pay a one-time fee based on the amount borrowed. Payday Loans are ideal as short-term solutions to money needs in between paychecks, or to handle emergency expenses.

In-Store or Online Installment Loans are typically larger loans that are paid back over time. These types of loans can give you more money at one time, and allow you to repay the money over a longer period of time. These are ideal for customers who prefer to pay back in increments as time goes on.

An Installment Loan allows you to get money right away, plus pay back the loan over time in several smaller payments. Compared to Payday Loans, Installment Loans offer longer personal loans, ranging from 3 to 24 months, and are available both in store and online, depending on your state.

Installment Loans allow you to pay back your loan the way that fits your needs, with longer-term repayment options. This means you have the ability to repay with multiple payments over time.

We're a state licensed company, which means we follow all applicable state and federal laws.

All Installment Loan rates, terms, and fees are explicitly outlined in the agreement with no unexpected charges or hidden costs when borrowing.

Yes. Like our in-store loans, online Installment Loans are available in certain states.

In order to apply for an Installment Loan, you'll need to provide a government-issued ID, proof of income, checking account, and verification of social security number. Requirements vary by state. For specific information on your Installment Loan requirements, click here to visit your state page.

The application process for an Installment Loan is quick and easy. Simply choose an in store or online loan, where applicable, fill out a quick application, get approved in minutes, and get money as soon as the same day*!

Be sure to review the “What You'll Need To Apply” section and click on “Learn More” for more details on what you'll need to receive an Installment Loan in your state.

This loan gets you the money you need today with the ability to make scheduled payments over time based on your pay cycle. Plus, the application process is quick and easy, with the option (depending on your state) to apply both in store and online. To find out what types of Installment Loans are available in your area, click here.

Depending on whether you complete an application online or in-store, there are different ways you can receive your money.

In-store Installment Loans are paid via cash or check on the spot as soon as you complete your loan paperwork. If you apply online, your money will be deposited directly into your bank account – sometimes as soon as the same day.*

Due to state regulations, the minimum and maximum amount you can borrow with an Installment Loan depends on where you live.