direct lender

Advance America

Large storefront and online small-dollar lender.

BorrowerRisk6.7High concern

What it is

Large storefront and online small-dollar lender.

Cost structure

High-cost short-term credit; varies by state

Main concerns and tradeoffs

Very high effective APRs, short repayment windows, and state-by-state product differences.

Evidence and verification

Classification and concerns are based on the primary source below. Product terms, availability, and company practices can change.

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