Frequently Asked Questions by l4news
What is a Cash Advance (also known as a Payday Loan)?
A Money Advance (or Pay day Loan) is really a short-term, small-dollar loan, frequently accustomed to cover unpredicted expenses or simply get some extra money before the next paycheck. A Money Advance is an unsecured loan that gives an alternative choice to bouncing checks. Payday Loans are utilized to cover short-term economic situations – they aren’t a lengthy-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 L4newsday Loan enables you to definitely visit our stores and receive your hard earned money personally. The whole process often takes about fifteen minutes, and you can obtain the money you’ll need on-the-place. A web-based Pay day Loan provides you with the benefit of processing the loan completely online with no need to go to a store. Simply submit a web-based application for the loan, and when approved, the funds out of this personal bank loan are deposited straight into your money, when the 24 hour.*
*Online approvals before 10:30 AM ET (M-F) are usually funded to your money by 5 PM ET same-day. Approvals after 10:30 AM ET are usually funded each morning the following banking day.
What do I need to apply for a Cash Advance (Payday Loan)?
If you are applying in-store, you’ll need:
Government issued photo ID, evidence of open and active bank account (statement), newest evidence of earnings (check stub, award letter or direct deposit), and verification of SSN. Based on condition, a cheque might be needed.
If you are applying online, you’ll need:
Possess a valid and active current email address
Active Bank Account
Supply of Earnings
What’s an Installment Loan?
A Payment Loan will get the money you’ll need today, having the ability to pay back with time. Quick Installment Loans are longer-term unsecured loans with terms from 2 to 24 several weeks, based on your condition. We provide Quick Installment Loans both in in-store an internet-based in many states.
How much money can I get?
Do you check my credit when I apply for an installment loan?
For Installment Loans or extended term loans, we will review third party data sources to verify credit.
Car Title Loans
Exactly what is a Car Title Loan?
Should you own the title for your vehicle, a Car Title Loan enables you to definitely take a loan according to its value. Your vehicle can be used as collateral for that loan to get the cash you’ll need immediately, and driving your vehicle when you repay your individual loan. Car Title Loans are perfect for individuals searching for a quick means to fix short-term financial needs.
How can Car Title Loans work?
To obtain a Car Title Loan, you allow Advance America the title for your vehicle as collateral in return for financing. You retain your vehicle and may continue driving when you repay the borrowed funds. Applying is simple. Simply take the vehicle and vehicle title for an Advance America store that provides Car Title Loans. An worker will inspect your automobile within a few minutes, and supply financing amount similar to the automobile value. Then, accept the terms and scheduled payments, leave using the money you’ll need, and pay back the loan on scheduled payment dates.
Where would you offer car title loans?
We provide car title loans in select states across the nation. To find out if Car Title Loans can be found in your condition
Is my Cash Loan / Personal Bank Loan application secure?
Details about Personal Bank Loan Scams
Advance America, together with a number of other lenders, continues to be targeted by unknown fraudster groups. These scammers are trying to offer consumers pay day loans or a money advance on the company’s account by studying the internet, email, and making phone calls. Scammers can be quite convincing, particularly when they will use threats and violence, or have the symptoms of use of private information. They will use the status of the legitimate, respected business, together with dire threats, to obtain what they need from victims. You want to tell you that these actions have not been produced by Advance America or anybody associated with the organization. We value our customers and therefore are working directly with government bodies to prevent these scammers. Connect to: Scammers Claiming to Represent Advance America Target Consumers
You need to suspect that an unsecured loan offers are fraudulent if:
The person claims you have been pre-approved for a money advance, for pay day loans, or any kind of personal bank loan after which requires you to definitely buy a prepaid bank card or wire money like a “processing fee” or “good belief deposit”. Legitimate lenders don’t require good belief deposits.
The person demands that you simply send money in advance using a wire transfer or money card for example Eco-friendly Us dot cards. With legitimate loan offers including pay day loans, you shouldn’t need to give money to get money.
The person demands to obtain your personal or financial information. Remember to be careful when volunteering any personal or financial information over the telephone or internet. Never provide payment information which you didn’t initiate. If you’re uncomfortable with an appointment which was not initiated on your part, hang up the phone or ask with regards to the phone call. Contact the organization using legitimate sources for example contact phone figures located on the company’s website.