More About Payday Loans / Cash Advances
What is a Cash Advance (also known as a Payday Loan)?
A Cash Advance (or Payday Loan) is a short-term, small-dollar loan, often used to cover unexpected expenses or to bridge a temporary gap between paychecks. A Cash Advance is a personal loan that provides an alternative to bouncing checks or paying late fees. Cash Advances are used to cover short-term financial situations — they are not a long-term financial solution.
What is the difference between an in-store and online Cash Advance (also known as Payday Advance or Payday Loan)?
An in-store Cash Advance/Payday Loan allows you to visit one of our stores and receive your money in person. The entire process typically takes about 10-15 minutes, and you could get the money you need on-the-spot. An online payday loan gives you the convenience of processing your loan completely online without the need to visit a store. You submit an online loan application, and if approved, the funds from this personal loan are deposited directly into your bank account as soon as the same day.*
*Applications processed before 10:30 AM ET (Monday-Friday) may be eligible for same-day funding to your bank account. Applications processed between 10:30 AM ET and 8:00 PM ET are typically funded the next banking day, but exceptions may apply.
Are Cash Advances (or Payday Loans) regulated?
Yes, Advance America follows all applicable laws and regulations at both state and federal levels, including the Consumer Financial Protection Bureau. In addition, as members of the Community Financial Services Association of America, we follow all industry Best Practices to provide the most beneficial, responsible personal loan services.
Why should I choose Advance America for a Cash Advance?
Since 1997, millions of customers have trusted Advance America to provide flexible and personalized financial solutions to meet their needs. In fact, 97% of our customers rate their experience with Advance America as good to excellent. View testimonials here.
We understand that financial solutions aren’t one-size-fits-all, so we provide a variety of services to meet customers’ needs. We have over 2,000 stores across the country, and our friendly, knowledgeable employees are happy to talk through your options so you can be comfortable about your choice.
As the nation's largest Payday Loan Company, we recognize the significant responsibility of following all applicable federal and state laws and presenting agreements and fees that are clear and easy to understand. We are proud to be a founding member of the Community Financial Services Association of America.
How often can I use a Cash Advance (or Payday Loan)?
Advance America is regulated by state and federal laws. Depending on your state's laws, there may be specific guidelines regarding the use of a Payday Loan. You can view options available in your location here.
Is my credit score checked before receiving an in-store Payday Loan?
No, our approval process does not consider or impact a customer's FICO score, but we may evaluate your credit eligibility by using a custom scoring model. To learn more, visit or contact one of our stores.
Is my transaction confidential?
What are your store hours?
Our hours vary by store. Click here to view the hours of the store nearest you or call 1-800-WE'RE HERE (1-800-937-3437) to be connected to your nearest store offering payday loan services.
What is the CFSA?
The Community Financial Services Association of America (CFSA) is the only national organization dedicated to promoting responsible regulation of the Payday Advance industry and consumer protections through CFSA's Best Practices. CFSA is committed to working with policymakers, consumer advocates and CFSA member companies to ensure that the Payday Loans/Cash Advance is a safe and viable credit option for consumers.
Loan Information & Details
What is the process for getting a Cash Advance at a store?
The application process at Advance America is efficient and simple and should only take 10-15 minutes. Below is a summary of our quick process:
- Fill out quick application in-store or start application online
- Finalize loan documents
- Write personal check for loan amount plus fee
- Get money on-the-spot
- Return to repay loan on due date
How much does a Cash Advance cost?
The fees are specific to your state or store, and can be viewed here. A typical fee for a Payday Loan is $15 per $100 borrowed, which is an annual percentage rate of 391.07 for a two-week loan term. Often, the cost of a Cash Advance may be lower than the alternatives considered by many people, such as paying a bill late or incurring overdraft fees from banks and credit unions.
How are fees established?
Fees vary depending on the amount of your loan and your state regulations. Our fees comply with all applicable state and federal laws.
How much can I borrow?
In many states the maximum loan amount available is regulated by state law. Within the allowed range, you qualify for a particular loan amount based on your current income. To view the available loan amounts in your area, click here.
What do I need to get a Cash Advance (Payday Loan)?
To qualify for a loan, you must provide personal identification, proof of income, a bank statement and a personal check. No personal property is required to get a Cash Advance. To view more details on what to bring to an Advance America store in your area, click here.
If I already have another Payday Loan outstanding, can I still qualify?
Advance America follows all applicable federal and state laws, and the ability to have multiple loans depends upon the state regulations. Please keep in mind that having more than one loan out at the same time could make it more difficult to repay your loans.
How and when will I know my loan has been approved?
Processing your completed application at an Advance America store will only take a few minutes. Once processing is complete and you are approved, we'll review the fees and terms for your Payday Loan, and you’ll receive the money you need during that visit.
When will my loan be due?
Typically your loan will be due on your next payday. Every state has its own set of rules and regulations that we follow. To find out more details for your state, please contact a store near you. Find a store.
What if I change my mind after taking out a Payday Loan?
Advance America abides by CFSA Best Practices and state laws regarding rescission, which enable you to rescind the transaction at no cost within a certain time period by returning the full amount of the advance. Contact your local Advance America store for state specific rescission policies.
How do I repay my loan?
When you apply for a loan in an Advance America store, you will return on your due date to repay the total amount due.
What if I cannot pay or will be late repaying my loan?
Advance America will work with you to establish payment arrangements. And we're committed to collecting past due accounts in a professional, fair and lawful manner. We do not report to credit agencies.
Can I renew or roll over my advance by just paying the fee again on my due date?
Advance America follows all federal and state laws, and the ability to renew an advance depends upon the state regulations. Please contact your nearest store for further information.
Can I pay off my loan early?
Yes. Please contact the store in which your loan originated to pay your loan off early. In some states, you may be entitled to a refund of part of your loan fee.