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.
Why is Advance America closing?
The new regulations had bipartisan support. This result didn’t sit well with Advance America, which announced on its website: “The state of Virginia recently passed a law that limits our ability to operate and, as a result, we are closing our stores.”
Who owns Advance America?
Grupo Elektra
Advance America, Cash Advance Centers, Inc./Parent organizations
Advance America is owned by a Mexican company called Grupo Elektra, and the two banking agencies argued in their court filings that banks were wary of the payday loan chain because its foreign ownership posed heightened risks under the Bank Secrecy Act.
What happens if I dont pay advance America?
FAQ: Advance America Yes, it is a legitimate payday loan lender. What happens if I don’t repay my loan? If you have a car title loan, Advance America is allowed to repossess your car. Advance America can also hire debt collectors to pursue you, or take you to court for auto title loans or any of its other loans.
What happens if I dont pay Advance America?
What states is Advance America in?
States where Advance America loans are available online
- California.
- Florida.
- Michigan.
- Tennessee.
- Texas.
How is a Texas cash advance loan arranged?
Assumes a 14 day term. Loans are arranged with an unaffiliated third party lender by ACSO of Texas, L.P. d/b/a Advance America, a licensed credit access business, and subject to lender’s approval. Examples provided are typical of loans arranged for qualified applicants. Finance charges include lender charges and Advance America’s credit access fee.
Is there a cash advance Center 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.
Where can I get a cash advance in Ohio?
Rhode Island Licensed Check Casher. In Ohio, loans offered by Advance America Cash Advance Centers of Ohio, Inc., Lic. # ST.760166.000, main office located at 4767 Northfield Rd., North Randall, OH 44128.
Who is Advance America and what do they do?
Advance America is a nationally recognized, fully accredited company that helps millions of people with their financial needs. As a member of the Community Financial Services Association of America, we provide first-rate customer service to people who need money quickly.