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Is cash advance America a legitimate company?
However, this financial services company is not actually a scam. Instead, scammers pretending to be from Advance America have targeted unsuspecting customers in the past. The real company is a legitimate one that specializes in payday loans, as well as title and installment loans, in certain states across the country.
Is cash advance and Advance America the same company?
About Advance America Cash Advance Founded in 1997, Advance America, Cash Advance Centers, Inc. is the country’s leading provider of non-bank financial services, with approximately 2,100 centers across the country.
Who is Advance America owned by?
Grupo Elektra
Mexican billionaire Ricardo Salinas Pliego is opening for business in the U.S.: his Grupo Elektra announced Monday morning its successful purchase of Advance America–the largest payday lender in the U.S.
Can a payday loan garnish your Social Security?
If you have credit card bills, medical bills, unpaid personal loans, payday loans, etc., your Social Security benefits cannot be garnished for those debts. Those creditors also can’t garnish the following: Veterans benefits.
Does Advance America report to credit?
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 Equifax, Experian or TransUnion credit agencies.
Do cash advance places run your credit?
Neither credit card cash advances nor cash advance loans require a credit check. But that doesn’t mean they can’t affect your credit score. For people with not-so-great or flat out bad credit, applying for a loan or a credit card can be nerve-wracking.
What happens if I dont pay back cash advance?
You might get mail or phone calls from collectors requesting payment and collectors might file a lawsuit against you to force you to pay. A court judgment could result in wage garnishment, meaning your employer would be required to send a portion of your income to your lender to pay back your cash advances.
Where is the corporate office for Advance America?
Spartanburg, SCAdvance America, Cash Advance Centers, Inc. / Headquarters
How long do you have to wait to get another loan from Advance America?
In most states, you can apply right away once your payment is made in cash or with a debit card. When payments are made through an electronic withdrawal directly from your bank account, it can take 3 to 5 days for that payment to clear. Once the payment clears, you are eligible to reapply for a new loan.
Can cash advances hurt your credit?
Simply taking a cash advance won’t affect your credit — it doesn’t register separately on your credit report. There is no grace period. When you make a purchase with your credit card, you get a “grace period” of at least 21 days before you are charged interest on that purchase.
What does it mean to be a cash advance user?
“You” or “Your” means you as a participant in or as a user of the products and/or services offered by a Cash Advance Related Company. WE MAY REPORT INFORMATION ABOUT YOUR ACCOUNT TO CREDIT BUREAUS.
Are Advance America loans licensed in Virginia?
In Virginia, Advance America, Cash Advance Centers of Virginia, Inc. licensed by the Virginia State Corporation Commission. PL-12; VTL-41. Short-term loans are not intended to be long-term financial solutions. Customers with credit difficulties should seek credit counseling.
Why Advance America?
Why Advance America? Through 23+ years and over 134 million loans, we’ve helped our customers keep moving forward. You are not a loan. You are not a loan. We’ll work with you to find the perfect loan solution to fit your life.