Is a payday loan and cash advance the same thing?
Payday loans are short-term personal loans collateralized against your next paycheck(s). For many of our customers it's the easiest and fastest way to emergency cash between paydays. Online payday loans from American Advance are electronically deposited into your checking or savings account overnight, and repaid on your next pay date with an authorized automatic withdrawal.

Who qualifies for a payday loan?
To qualify for an American Advance payday loan you only need to meet the following requirements:

• Receive income regularly.
• Make at least $800 a month.
• A checking account in good standing with direct deposit.

We do not perform credit checks, so even if you have bad credit, no credit, or a bankruptcy you can still qualify.

Do I need to fax anything?
Some lenders do not require you to fax ay documents, however sometimes you will be asked to provide some of the following information via a fax:

• Recent bank statement
• Valid ID (drivers license, military ID or state issued ID).
• Current pay stub.
• Personal check marked VOID

When will I receive the payday loan?
Customers typically receive loan approval within a few hours of applying, and receive the cash advance loan amount via wire transfer overnight!

Will a  poor credit history hurt me?
American Advance doesn't perform credit checks on our payday loans. However we do verify information with several national consumer databases.

Do I need direct deposit?
Yes.

Is there an application fee?
Not at this time

Is my  financial information secure?
Please visit our disclosures section.

How often can I get a payday loan?
You will want to pay off your existing payday loan before getting another one.

How much money can I borrow?
Your actual loan amount is determined by various factors including state law, income, length of employment, and other outstanding loans.

How much does a payday loan cost?
American Advance charges a fee of $30 for every $100 borrowed. Please see our Disclosures section for detailed rate information.

When is my loan due
Payday loans are usually due when you receive your next paycheck via direct deposit. The standard time for loan repayment is usually no less than seven days and no longer than eighteen days. You may also pay back your loan early without prepayment penalties. Please check with your lender for additional information.

What are my repayment options?
An email reminder will be sent to you 3 days before your payday loan is due. American Advance offers flexible payment terms on all our payday loans. There are three payment options available to our clients:

1. You may pay the payday loan in full.
2. You may renew the loan by paying the finance fee and a portion of the principle.
3. You may renew by pay only the finance fee.