Advance America offers payday loans ($100–$500), installment loans ($100–$1,000), and title loans ($2,000–$25,000) with same-day funding at physical locations and online.
Editorially reviewed by Harvey Brooks
Advance America is a nationally recognized, fully accredited lender that has served millions of consumers seeking quick access to cash. The company operates physical store locations across multiple states, including the Jacksonville, Florida location at 1020-14 N. Edgewood Ave., and provides online application options for remote borrowers.
The company offers three primary loan products: Payday Loans (short-term, 2–4 week loans of $100–$500), Installment Loans (larger amounts up to $1,000 with multiple repayment terms), and Title Loans (secured loans up to $25,000 using vehicle equity). All products are available online or in-store, with same-day personal loans advertised up to $1,000. Advance America also offers Western Union services at its locations. Applications require government-issued ID, proof of income, a checking account, and a Social Security Number or ITIN.
The Jacksonville store maintains extended hours (9 a.m.–6 p.m. weekdays, 9 a.m.–4 p.m. Saturday) and provides Spanish-language support. The company highlights fast application processing and reports a 4.9 out of 5 rating based on 125,489 customer reviews on Google, with customer testimonials praising staff helpfulness and loan explanation.
As an emergency cash lender, Advance America fills a niche for consumers needing immediate funds between paychecks or for unexpected expenses. However, customers should understand that payday and installment loans typically carry high APRs—a cost structure inherent to short-term lending—and title loans require vehicle collateral. The company is regulated at the state level, and loan terms vary by state and loan type.
See which lenders actually approve borrowers with bad credit. We compared APRs, fees, minimum scores, and funding speed.
Yes. Advance America is a registered company headquartered in 4412 Outer Loop, Louisville, KY 40219. They hold a NR rating with the Better Business Bureau.
CreditDoc Diagnosis
Advance America is best for employed individuals facing immediate cash needs ($100–$1,000) between paychecks or vehicle owners with collateral available for larger loans. The primary caveat is that payday and installment loans carry substantially higher APRs than traditional bank loans—this is a lender of last resort, not a budget solution, and borrowers should explore payday-alternative products (credit union PALs, employer advances) first to avoid high-cost debt cycles.
Public data from the Consumer Financial Protection Bureau
Source: consumerfinance.gov | Last checked 2026-03-28
Advance America is a national short-term lender offering payday, installment, and title loans to consumers with poor or no credit through 800+ stores and online.
Best for: Consumers with bad or no credit who cannot qualify for bank loans or credit union products, People facing a genuine short-term financial emergency — medical bills, car repairs, or utility shutoffs — with no lower-cost options available
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CheckSmart offers payday, installment, and title loans plus check cashing, bill pay, wire transfers, and tax prep at retail stores across the Midwest and South.
Best for: Unbanked consumers who need immediate cash and lack a traditional bank account, Paycheck-to-paycheck workers facing an unexpected expense before their next payday
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Read guide →New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.
The total yearly cost of borrowing money, including the interest rate plus any fees the lender charges. Think of it as the 'true price tag' on a loan.
Lenders must show APR by law (Truth in Lending Act) because the interest rate alone can hide fees. Comparing APR across lenders is the most reliable way to find the cheapest loan.
Example
You borrow $10,000 at 6% interest for 3 years, but there's a $300 origination fee. The interest rate is 6%, but the APR is 6.9% because it includes that fee. You'd pay $304/month and $946 total in interest.
Interest calculated on both the original amount borrowed AND the interest that's already been added. It's 'interest on interest' — and it makes debt grow faster than you'd expect.
Credit cards and many loans use compound interest. If you only make minimum payments, compound interest is why a $3,000 balance can take 15 years to pay off.
Example
You owe $1,000 at 20% annual interest compounded monthly. After month 1 you owe $1,016.67. Month 2, interest is charged on $1,016.67 (not $1,000), so you owe $1,033.61. After 1 year without payments: $1,219.
A special APR calculation used for military servicemembers that includes ALL costs — fees, insurance, and add-ons — capped at 36% by federal law.
The Military Lending Act protects active-duty servicemembers and their families from predatory lending. Any lender charging above 36% MAPR to military is breaking federal law.
Example
A payday lender charges a $15 fee per $100 borrowed for 2 weeks. For civilians, that's technically legal in some states. For military: that works out to 391% MAPR — illegal under the MLA.
The maximum interest rate a lender can legally charge in a particular state. Charging above this rate is called 'usury' and is illegal.
Usury laws are your main legal protection against predatory interest rates. But beware: some states have weak or no usury caps, and federal banks can sometimes override state limits.
Example
New York caps interest at 16% for most consumer loans (25% is criminal usury). If a lender tries to charge you 30% in NY, that loan is unenforceable — you could fight it in court.
An asset you pledge to the lender as security for a loan. If you stop paying, the lender can seize and sell that asset to recover their money.
Secured loans (with collateral) have lower interest rates because the lender has less risk. But you could lose your home, car, or savings if you default.
Example
A mortgage uses your house as collateral. A car loan uses your vehicle. A title loan uses your car title. If you miss payments, the lender can foreclose or repossess.
A charge added to your account when you miss a payment deadline. Most credit cards charge $29-$41 per late payment, and many loans have similar penalties.
The fee itself hurts, but the real damage is to your credit score. A payment 30+ days late stays on your credit report for 7 years and can drop your score 60-110 points.
Example
Your credit card payment of $150 is due March 1. You pay on March 18. The bank charges a $39 late fee. If it's 30+ days late, it gets reported to credit bureaus and your 760 score drops to 670.
A fee your bank charges when a payment bounces because there isn't enough money in your account. Also called a 'bounced check fee' or 'returned payment fee.'
NSF fees hit you twice — your bank charges you AND the company you were trying to pay may charge their own returned payment fee. That's $50-70 for one missed payment.
Example
Your auto-pay tries to pull $350 for rent, but you only have $280 in checking. Your bank charges $35 NSF fee. Your landlord charges $25 returned payment fee. Total damage: $60 in fees.
The practice of charging interest rates higher than what the law allows. Usury laws set state-specific caps on how much lenders can charge.
If a lender charges usurious rates, the loan may be void, penalties can be reduced, or you may be entitled to damages. Know your state's limits.
Example
Your state caps consumer loans at 24% APR. An online lender charges you 36%. That loan may be unenforceable, and you might only need to repay the principal — no interest or fees.
Using your credit card to get cash from an ATM or bank. It's one of the most expensive ways to borrow — higher interest rate, immediate interest accrual (no grace period), and an upfront fee.
Cash advances are a debt trap: 25-30% APR with no grace period plus a 3-5% fee. Interest starts the second you withdraw, not at the end of the billing cycle.
Example
You take a $500 cash advance. Fee: $25 (5%). Interest: 28% APR starting immediately. After 30 days, you owe $536.67. After 6 months of minimum payments, you've paid $85 in interest on $500.
Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.
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