About Online Loans
What type of online loans are offered?
In select states, Advance America provides access to online cash advances or installment loans.
A cash advance (or payday loan) is a short-term, small-dollar loan, often used to cover unexpected expenses or bridge a temporary gap between paychecks. A cash advance is a financial solution that provides an alternative to bouncing checks or paying late fees. Cash advances are used to cover short-term financial situations; not a long-term financial solution.
An installment loan typically offers larger loan amounts, and the ability to repay the loan over a longer period of time.
To find out if online loans are available in your state, click here.
How does an online loan work?
An online loan is processed completely online without the need to visit a location. You submit an online application and if approved, the funds from the loan are deposited directly into your bank account, often by the next banking day.*
Your repayment of the loan is electronically deducted from your bank account on your due date(s).
How do I apply for an online loan and when will I receive the money?
If an online loan is available in your state, simply click the “Start Online Application” button and complete the application. Once you have submitted your application, you may be eligible for a loan of $100 or more deposited directly into your checking account the next banking day.*
What states offer online loans?
To find out if online loans are available in your state, click here.
How is CashNetUSA affiliated with Advance America?
In some states, online loans are offered and funded by CashNetUSA and marketed by Advance America. CashNetUSA is not a lender in all states, and will act as a broker to arrange a loan between you and a third party lender. In each state, the lender will be identified in the agreement.
What if I have less-than-perfect credit or a bankruptcy?
A poor credit history or previous bankruptcy filing may not necessarily prevent you from receiving an online loan. Our online representatives will work with you to see what options are available. If you need help with budgeting or debt management, you can call the National Foundation for Credit Counseling at 1-800-388-2227 for financial counseling.
How are online loans regulated?
Online loans are regulated by each state. We abide by the applicable laws, rules and regulations of each state in which we operate, as well as the applicable federal laws. In addition, as members of CFSA we follow industry best practices where applicable to provide a more responsible online service. Please note that not all online loan providers always provide these same levels of safeguards. It‘s important to use a reputable company for access to online cash advances and installment loans.
Why should I choose an online loan through Advance America?
When you need money, online cash advances or installment loans through Advance America are simple, quick, and provide the convenience of applying from the privacy of your home. The easy-to-use online application can be completed in as little as 10 minutes, and you may be eligible to have funds directly deposited into your checking account the next banking day.*
In addition, the following attributes show that you‘ve chosen a reputable, trustworthy company:
- We‘re a state-licensed company which means we follow all applicable state laws
- Full Disclosure: As required by law, all rates, terms and fees are explicitly outlined in the agreement. There are no unexpected charges and no hidden costs when borrowing.
- We use simple, straight-forward language to ensure our fees and payment terms are clearly understood
- We‘re committed to providing a safe, secure and private transaction
How do I qualify for an online loan?
You must meet the following requirements to be eligible to receive a loan or Credit Services:
- Have an active checking account with your income direct deposited
- Have a steady source of income
- Have a Social Security Number and valid ID
- Must be at least 18 years of age
Due to state and verification requirements, not all customers may be eligible for instant approval. If you have defaulted on past transactions, you may be declined for a loan. Some customers may be required to submit additional documentation under state law and lender qualification criteria.
Is my credit rating checked before receiving an online loan?
We do not pull your FICO score from Experian, Trans Union or Equifax, however we may check other sources as part of our credit transaction approval process. If you have defaulted on past transactions, you may be declined for a loan.
Loan Information & Details
How much can I borrow for an online loan?
The amount of your loan is based on income qualification criteria, as well as state laws and regulations. If you successfully repay your first loan, we may be able to increase your loan amount on any future online loans. For information on loan amounts and fees, click here.
How much does an online loan cost?
The fees are specific for your state. If online loans are available in your state, you can view fee information by clicking here.
When will my loan be due?
Every state has its own laws and regulations. A payday loan will typically be due on your next payday. An installment loan typically allows a longer time to pay back over multiple installment payments. Please click here to view more information on the loans available for you.
How do I repay my online loan?
Generally, your payment(s) will be withdrawn from your checking account automatically on the due date of your loan via ACH (Automated Clearing House), which is a form of electronic debit. There may be other repayment options available, depending on your loan type. At your loan payment due date, an ACH request is sent to your bank for the specified amount of loan fees and/or principal that is outlined in your loan agreement. If the payment is returned for reason of insufficient funds, the ACH Authorization may be sent to your bank for another attempt.
How and when will I know my online loan has been approved?
You will receive an email notification after receipt of your application.
Do I need a fax machine or printer to apply for an Online Loan?
No, in most cases our online loan process is paperless, making it easy to get the money you need. In some states, you may be required to provide documentation, but you can always upload or email your documents to us.
Do bank holidays affect or delay my loan?
Yes. Because your online loan is deposited directly into your bank account, bank holidays could delay the timing of your loan deposit. The following bank holidays are observed by all Federal Banks:
- New Years Day
- Martin Luther King, Jr. Day
- President‘s Day
- Memorial Day
- Independence Day
- Labor Day
- Columbus Day
- Veterans Day
- Thanksgiving Day
- Christmas Day
For holidays falling on a Saturday, Federal Reserve Banks will be open the preceding Friday. For holidays falling on Sunday, all Federal Reserve Banks will be closed the following Monday. Be sure to check with your bank‘s holiday schedule. Click here for details.
Managing Your Online Account
How do I update my bank information?
To update your bank information, please email firstname.lastname@example.org or call 1-877-505-0701. Please make all changes at least two banking days before your loan is due.
How do I update my customer profile?
To update your customer profile, log in to your account and click on “View/Update Profile”
How do I reset my password?
To change your password, log in to your account and click on View/Update profile. Type in a new password and click the "submit" button to save your new password. You can now access the site with your new password.
What if I forgot my password?
To reset your password, click “forgot password” under the customer login section. A new password will be delivered to your email address. Once you login with the password sent to you, you will be required to update that password to a new one to continue.
In select states, online loans marketed through OnlineApplyAdvance.com are offered and funded by CashNetUSA. Online rates may vary from rates at an Advance America location.
* CashNetUSA and third party lender funds are generally deposited via ACH for delivery next business banking day if approved by 9pm CST Mon. – Thu. or by 7pm CST Sun. Due to state and verification requirements, not all customers may be eligible for instant approval by CashNetUSA or third party lenders.
Advance America Applications processed before 8PM ET are typically funded the next banking day, but exceptions may apply. If we are unable to verify your application electronically, we may ask you to provide certain documents before final approval.