Two delighted girls secure Advance America Line of Credit
Two delighted girls secure Advance America Line of Credit

Line of Credit

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Flex Line of Credit

An Advance America Flex Line of Credit provides convenient, instant access to money that's ready when you need it. Apply once and get approved for a maximum borrowing amount (kind of like a credit card limit). You can borrow what you need as long as funds are available, and your credit line stays open no matter how much or how often you withdraw money.

Best of all? You don't need perfect credit to be approved!

Availability varies by state. Already have an account? Log in

Loans for the unexpected

Once approved, withdraw any amount (up to your borrowing limit) as often as you need to cover expenses.
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What is a Line of Credit and how does it work?

A Line of Credit loan lets you draw on funds up to your set credit limit. Our Flex Line of Credit can give you instant access to the money you need for everyday or emergency expenses. 

Complete a Line of Credit application and receive an approval decision for a specific credit limit. This credit limit is based on factors like income and employment, so you don’t need perfect credit to qualify. 

Once opened, your personal Line of Credit is available whenever you need to borrow money. Draw as much or as little as you need (up to your credit limit), pay back what you borrow all at once or over time, and only pay interest on the amounts you withdraw.

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Once approved, select your first draw amount.

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Get money deposited instantly.* Pay back your Line of Credit in scheduled payments or all at once.

*Online approvals before 10:30 am ET (M-F) are typically funded to your bank account by 5 pm ET same-day. Approvals after 10:30 pm ET are typically funded in the morning the next business day.

What you need to apply

To apply for a Flex Line of Credit, you'll need a few pieces of information to get started.

  1. Government-issued ID
  2. Proof of income
  3. Checking account
  4. Social Security Number or ITIN

Benefits of a Line of Credit

Here are some of the benefits of opening a Line of Credit with Advance America.

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Easy application

Complete our simple application online or in-store. Once approved, you can borrow from your Line of Credit as needed without re-applying. 

Flexibility

Flexible funds

Withdraw any amount (up to your borrowing limit) as often as you like. Providing your credit line is open and in good standing, you can access money anytime.

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Good credit not needed

Advance America approves borrowers with all types of credit. We consider factors in addition to your credit score, such as your income and employment history, when making our approval decision.

The Advance America advantage

25+ years in business
Since 1997, millions of customers have benefited from our 5-star financial services.
157+ million loans issued
Our knowledgeable staff and straightforward solutions make it easy to get the money you need.
800+ stores
Whether you visit a store or apply from your phone, our money solutions are always accessible.

Types of Lines of Credit

Yes. The terms “credit line” and “line of credit” can refer to different financing options, including: 

  • Unsecured personal line of credit: a flexible credit line that allows you to access funds up to a predetermined limit and only pay interest on the amount borrowed. Our Flex Line of Credit falls into this category. 
  • Secured personal line of credit: a flexible option where the borrower pledges an asset to secure the credit line. Collateral may consist of property, savings, or investments. If the borrower fails to repay the amount borrowed, the lender can keep or repossess the collateral to recoup the costs.
  • Business line of credit: a flexible credit line that allows businesses to borrow funds as needed up to a specified limit. Business lines of credit can be secured or unsecured. If secured, the business owner pledges collateral, such as equipment, inventory, or property to secure the credit line. 
  • Home equity line of credit (HELOC): a revolving credit line secured by the equity in the borrower’s home. HELOCs often have variable interest rates.

Line of Credit rates & terms

The rates, terms, and borrowing limits for our Lines of Credit are based on state regulations.

Line of Credit FAQs

What is a revolving Line of Credit?

Revolving lines of credit are flexible loans that you can borrow from again and again, as long as you stay within your specified credit limit. This type of loan is good for things like emergencies or unexpected expenses, since you can easily borrow the money you need without having to go through the hassle of applying for a new loan every time.

What is a personal Line of Credit?

Like a credit card, a personal Line of Credit gives you access to an approved borrowing limit upfront. You decide how much and how often you withdraw funds, only paying interest on the amount you borrow. Our Flex Line of Credit provides the flexibility and freedom to tap into funds without having to reapply each time you need extra money.

How many Lines of Credit should I have?

The number of credit lines you need depends on your financial situation and budget. Opening multiple Lines of Credit can demonstrate financial responsibility and the ability to manage debt, which can help when you’re trying to qualify for a mortgage or loans with better interest rates – but you should never borrow more than you can afford to repay.

Why should I get a Line of Credit with Advance America?

When the unexpected happens, a Line of Credit can provide the money you need to handle it. Apply once and receive a set credit limit. The money is there to draw on all at once or in multiple draws. As long as your account is in good standing and you haven’t hit your borrowing limit, you can withdraw funds as needed.

What is the interest rate on Advance America's Line of Credit?

Rates and terms will vary depending on your approved borrowing limit and state regulations. For more information, see if our Flex Line of Credit is available in your state.

How much can I qualify for?

The maximum amount you can borrow with a Line of Credit is based on your income as well as state laws and regulations. Depending on your state, you may be able to qualify for a credit line up to $3,000. You do not need perfect credit to qualify.

When are my payments due and how do I make them?

Typically, your Line of Credit payments are due on your pay date and are scheduled as automatic withdrawals from your checking account. You can also make payments through your online account or at your local Advance America.

Our Flex Line of Credit gives you the flexibility you need allowing you to postpone a payment interest-free.*

*Subject to eligibility restrictions.

When I pay off my Line of Credit, do I need to reapply the next time I need money?

You can continue using your original Line of Credit. As long as you continue to make on-time payments on the money you withdraw, you can continue to withdraw funds up to your maximum approved credit until your Line of Credit expires (at which time you can apply to renew it).

Can I pay off my Line of Credit balance early?

Yes. You can pay off your Line of Credit balance through your online account or at any Advance America store. No prepayment penalties apply, and you may even save on interest and fees.

Advance America Flex Line of Credit customer reviews

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