• Author: The Loans.pro
  • Date: July 24 2024

When it comes to getting a short-term loan, Advance America is a well-known name, offering a variety of financing solutions including payday loans, installment loans, and lines of credit, however, it’s important to explore other options so make sure you find the one that best suits your financial needs. This guide will examine 11 loans similar to Advance America, offering a variety of benefits and services to meet a variety of financial needs.

1. Check Into Cash

Overview: Check Into Cash offers payday loans, term loans, and other financial services. Having both online and physical locations provides a flexible source of income to meet needs.

Key information provided:

  • Minimum Credit: None Loan amounts vary from country to country
  • APR Range: Varies from state to state
  • Currency period: 1 business day
  • Origin Fee: Varies from country to country
  • Prepayment Penalty: None

The benefits:

  • Quick and easy application process
  • Multiple loan options
  • Physical locations with personalized service

The downside:

  • Higher fees and interest rates
  • Shorter payback period

2. Speedy Cash

Overview: Speedy Cash offers a variety of financial products including payday loans, installment loans and lines of credit. Their physical locations also have strong online presence.

Key information provided:

  • Minimum Credit: None Loan amounts vary from country to country
  • APR Range: Varies from state to state
  • Currency period: 1 business day
  • Origin Fee: Varies from country to country
  • Prepayment Penalty: None

The benefits:

  • Immediately approved and funded
  • Several loan options
  • Physical locations and online activity

The downside:

  • Increased interest rates
  • The costs can quickly add up

3. CashNetUSA

Overview: CashNetUSA offers payday loans, installment loans and lines of credit online. They focus on quick and easy access to funds for emergency expenses.

Key information provided:

  • Minimum Credit: None Loan amounts vary from country to country
  • APR Range: Varies from state to state
  • Currency period: 1 business day
  • Origin Fee: Varies from country to country
  • Prepayment Penalty: None

The benefits:

  • Fast and simple online application
  • Immediate funding
  • Easy credit options

The downside:

  • High APR
  • Potential for higher payouts

4. Check City

Overview: Check City offers payday loans, term loans, and other financial services online and at physical locations. They are known for their fast approval process and customer service.

Key information provided:

  • Minimum Credit: None
  • Loan amounts vary from country to country
  • APR Range: Varies from state to state
  • Currency period: 1 business day
  • Origin Fee: Varies from country to country
  • Prepayment Penalty: None

The benefits:

  • Early guidance and approval
  • Lots of loans
  • Private service available

The downside:

  • Increased interest rates
  • The costs can be high

5. ACE Cash Express

Overview: ACE Cash Express offers payday loans, term loans and prepaid debit cards. They have robust physical locations and an online application process.

Key information provided:

  • Minimum Credit: None
  • Loan amounts: Vary from country to country
  • APR Range: Varies from state to state
  • Currency period: 1 business day
  • Origin Fee: Varies from country to country
  • Prepayment Penalty: None

The benefits:

  • Quick and easy application process
  • Several loan options
  • Physical locations with personalized service

The downside:

  • High APR Fees

6. LendUp

Overview: LendUp offers short-term loans and short-term loans with a focus on helping borrowers improve their credit scores over time by providing credit education.

Key information provided:

  • Minimum Credit: None
  • Loan range: $100 – $500 (short term), up to $5,000 (shared).
  • APR Range: Varies
  • Currency period: 1 business day
  • Origination Fee: None
  • Prepayment Penalty: None

The benefits:

  • Immediate funding
  • Credit opportunities
  • A transparent creation plan

The downside:

  • Higher interest rates on short-term debt
  • Fixed-term loans

7. NetCredit

Overview: NetCredit offers personal loans and lines of credit through a simple online application process. Personalized loans are offered based on your financial situation.

Key information provided:

  • Minimum Credit: Varies
  • Loan range: $1,000 – $10,000
  • APR range: 34% – 155% .
  • Currency period: 1 – 3 business days
  • The initial fee is different
  • Prepayment Penalty: None

The benefits:

  • Easy credit options
  • Expedited application process
  • Personal loans

The downside:

  • Higher interest rates for lower credit scores
  • Origination fees may apply

8. OppLoans

Overview: OppLoans is a popular online lender known for its quick approvals and willingness to work with borrowers with low credit scores.

Key information provided:

  • Minimum Credit: None
  • Loan range: $500 – $4,000
  • APR range: 59% – 160% .
  • Currency period: 1 business day
  • Origination Fee: None
  • Prepayment Penalty: None

The benefits:

  • A minimum credit score is not required
  • Immediate funding
  • There is no prepayment penalty

The downside:

  • Increased interest rates
  • Fixed-term loans

9. MoneyKey

Overview: MoneyKey offers payday loans, term loans and loans, with a focus on quick and easy access to cash.

Key information provided:

  • Minimum Credit: None
  • Loan amounts vary from country to country
  • APR Range: Varies from state to state
  • Currency period: 1 business day
  • Origin Fee: Varies from country to country
  • Prepayment Penalty: None

The benefits:

  • Immediate funding
  • Easy application process
  • Several loan options

The downside:

  • Increased interest rates
  • Fees may be added

10. Plain Green Loans

Overview: Plain Green Loan offers a simple online loan application process, targeting borrowers who need money quickly.

Key information provided:

  • Minimum Credit: None
  • Loan range: $500 – $5,000
  • APR range:210% – 428% .
  • Currency period: 1 business day
  • The initial fee is different
  • Prepayment Penalty: None

The benefits:

  • Immediate funding
  • Easy Internet access
  • There is no prepayment penalty

The downside:

  • Very high APR
  • Potential for higher payouts

11. Rise Credit

Overview: Rise Credit offers flexible personal loan financing and a fast approval process. They offer financial tools and products to improve the financial health of borrowers.

Key information provided:

  • Minimum Credit: None
  • Loan range: $500 – $5,000
  • APR rates: 36% – 299% .
  • Currency period: 1 business day
  • Origination Fee: None
  • Prepayment Penalty: None

The benefits:

  • Immediately approved and funded
  • Convenient payment terms
  • Economic instruments and instruments

The downside:

  • A higher APR for a lower credit score
  • Origination fees may apply

Comparison Table

Lender Minimum Credit Score Loan Amount Range APR Range Funding Time Origination Fees Prepayment Penalty
Check Into Cash None Varies by state Varies by state 1 business day Varies by state None
Speedy Cash None Varies by state Varies by state 1 business day Varies by state None
CashNetUSA None Varies by state Varies by state 1 business day Varies by state None
Check City None Varies by state Varies by state 1 business day Varies by state None
ACE Cash Express None Varies by state Varies by state 1 business day Varies by state None
LendUp None $100 – $500 Varies 1 business day None None
NetCredit Varies $1,000 – $10,000 34% – 155% 1 – 3 business days Varies None
OppLoans None $500 – $4,000 59% – 160% 1 business day None None
MoneyKey None Varies by state Varies by state 1 business day Varies by state None
Plain Green Loans None $500 – $5,000 210% – 428% 1 business day Varies None
Rise Credit None $500 – $5,000 36% – 299% 1 business day None None

Detailed Analysis

Check Into Cash:

Check Into Cash offers a variety of loans including payday loans and term loans. Their application process is simple, and they also offer Internet and in-person services. However, their high fees and interest rates can be a problem, especially for short-term loans.

Example scenario: If you borrow $500 with a 400% APR for 14 days, you will owe about $576 at the end of the term. This includes $76 in interest.

Speedy Cash:

Speedy Cash is another well-known provider of payday loans, term loans and loans. Their fast approvals and physical locations make it convenient, but like Check Into Cash, their fees and interest rates can be very high.

Example scenario: Borrow $500 at an APR of 391% for 14 days and get a payment of about $5 This includes $67 in interest.

CashNetUSA :

CashNetUSA offers similar loan products with a focus on getting quick, online cash. They meet a variety of financial needs but are known for their high APRs and affordability, making it important to read the terms carefully.

Example scenario: Over a 14-day period, a $500 loan at 400% APR would require payments of approximately $576, including $76 in interest.

Check City:

Check City provides quick and easy access to payday loans and loans. Self-service is a useful feature, but high interest rates and fees abound.

Example scenario: A $500 loan with a 400% APR for up to 14 days would mean payments of $576, including $76.

ACE Cash Express:

ACE Cash Express offers payday loans and term loans with strong physical locations. They are cheap but have high APRs and fees.

Example scenario: A $500 loan with an APR of 391% over 14 days would result in a payment of $567, including $67 in interest.

LendUp:

LendUp is unique in its focus on credit education and construction. While their short-term loans have higher interest rates, their short-term loans offer greater flexibility and credit enhancement opportunities.

Example scenario: If you take out a $500 loan at 391% APR over 14 days, you will owe $567, including $67 in interest.

NetCredit:

NetCredit offers personal loan and credit options with extensive loan rates and terms. They offer personal loans but may also have higher APR rates for lower credit scores.

Example scenario: A $2,000 loan with an APR of 34% over 24 months would result in monthly payments of approximately $102, for a total of $2,448 with interest of $448.

OppLoans:

OppLoans is known for working with borrowers with low credit scores, providing quick financing without the need for a minimum credit score. Their interest rates are quite high.

Example scenario: Borrowing $1,000 at 160% APR over 12 months would result in monthly payments of approximately $166, for a total of $1,992 with interest of $992.

MoneyKey:

MoneyKey offers a range of short-term financing products with a focus on speed and accessibility. High interest rates and fees are typical.

Example scenario: A $500 loan at 400% APR over 14 days would mean payments of $576, including $76 in interest.

Plain Green Loans:

Plain green loans offer installment loans with very high APRs. They have the advantage of quick financing and ease of use, but the cost can be high.

Example scenario: Borrowing $1,000 at 210% APR over 12 months would result in monthly payments of approximately $229, for a total of $2,748 with $1,748 in interest.

Rise Credit:

Rise Credit offers personal loans with a focus on modification and financial instruments. Their APR can be high, especially for low credit scores.

Example scenario: A $1,000 loan at 299% APR over 12 months would result in monthly payments of approximately $151, for a total of $1,812 with interest of $812.

Conclusion

Choosing the right loan involves considering several factors such as interest rates, fees, repayment terms, and your credit score. While Advance America is a reliable option, the 11 options explored here offer a variety of benefits and features to meet different financial needs. Always read the terms and conditions carefully and compare multiple offers to find the best loan for your situation. By getting a decision, you can get the financial aid you need on the terms that will work best for you.