One of the biggest reasons why ADVANCE AMERICA ONLINE loans exist at all is so that there is always some option for people in need of emergency cash, no matter what their background, income, or other history. For this reason, ADVANCE AMERICA ONLINE are designed so that the greatest possible number of consumers can qualify for them.
One of the most appealing aspects of a payday loan is that anyone can get approved, regardless of your credit score. No matter what mistakes you may have made with your credit in the past, your ability to get a ADVANCE AMERICA ONLINE will not be affected. Of course, this doesn’t mean only people with bad credit should get a payday loan. Many customers find that a payday loan is simply the option available.
Despite the lack of a credit-history requirement, ADVANCE AMERICA ONLINE loans do come with a few specific requirements for potential borrowers. Before you can receive any ADVANCE AMERICA ONLINE loans, you must confirm that you:
Once you make sure you meet all of these conditions, you are only a few minutes away from the money you need.
State government laws regarding quick cash loans are always changing. While interest rates, ADVANCE AMERICA ONLINE loan limits and repayment terms are constantly in flux, several federal acts have been passed to regulate payday loans across the country. Regardless of your state, you can count on these federal regulations and protections to be in place.
The Truth in Lending Act, or Consumer Credit Protection Act, requires all national lenders to provide consumers with the written costs of ADVANCE AMERICA ONLINE loans before the borrower has to pay any fees or agree to any kind of obligation to continue with the loan process. These written statements allow consumers to evaluate the expenses of interest rates and financing fees. The Truth in Lending Act also ensures that lenders reveal additional information, such as the length of the loan repayment term and cost of penalties for tardy loan payments.
Twelve states in the country have banned lenders from offering ADVANCE AMERICA ONLINE loans. However, even residents of those states may be able to receive loans through online sources. If you live in a state in which payday loans are prohibited, brief research online can reveal your eligibility status.
In states that allow ADVANCE AMERICA ONLINE loans, repayment periods generally range between two weeks to two months. In most cases, the maximum loan amount does not exceed $1,000. Lenders determine the interest rates, so you can expect those to vary based on your chosen lender. In a few states, though, local statutes may set the rates and fees rather than the lenders. These limits are in place to make it more difficult for lenders to run sustainable businesses.
The easiest way to find out if you meet all the requirements for ADVANCE AMERICA ONLINE loans, and to learn how much the loan you will cost, is to simply fill out an application form and get started.