Advance America
238 E. Main Rd., Ste. 5
Middletown, RI
(401) 841-9610
advanceamerica.net
What They Offer
Advance America offers a number of benefits to people seeking pay day loans, but they also have a number of requirements. Eligibility includes holding your current job for not less than three months, having a monthly income of at least $1000, and being at least twenty-one years of age. Applicants can borrow no more than 30% of their monthly income.
If you are approved for a loan, you have a few options for receiving the money. The first option is an overnight electronic funds transfer to your bank account. The second option is Western Union. While there is a fee for this service, it is a very fast way to receive your money. Western Union services are also available on holidays and weekends.
Another option is to visit the office and get your cash in hand right there on the spot. While all of these services are quite reliable, you should carefully choose the one that is best for your situation. You can take both the extra fees for some services and how quickly you need your money into consideration when you make the decision.
Where They Are Located
Advance Americais a web-based company with various stores located across the US. There are numerous offices in RI you can visit and you can find them listed on their official website.
Rates and Terms
Advance America cannot state exact rates of loans on their site. This is because each borrower’s situation is different. Advance Americamust take into consideration how much money you need to borrow, and how long you will take to pay off your loan. The shorter the period of time you request to pay off the loan, the less fees you will pay. All fees will be explained in detail on your loan contract.
Most lending companies require their borrowers to repay their loans in full on their next pay dates. A useful benefit of Advance America is this company works a different way. Instead, you can make smaller, individual payments until your loan is entirely paid. This means you will be able to take out an additional loan before the loan is paid in full. You also will not have the financial burden of having to pay your loan in full out of one paycheck, nor spending extra money on a rollover.
Additional Information
Advance America will use the databases known as CL Verify and TeleTrack to verify your information. This differs from using the major credit agencies to perform standard credit checks. Rather than checking to see if you have poor credit or bankruptcies, a cash advance pay day loan company such as Advance America mainly wants to know you have not defaulted on any other pay day loans. The person who pays his pay day loans in full and on time is a better prospect for the lenders.
