Advance America becomes first to offer installment loans under new Florida law
ORLANDO, Florida., October 25, 2019 /PRNewswire/ — Moving America Forwardthe nation’s leading consumer lender, recently began offering Installment loan services to its customers in Florida â the first provider to do so under a new law passed by the Florida legislative of 2018. Florida consumers can now borrow regulated installment loans up to $1,000 in Advance America’s Florida stores and online. The loans are repaid in installments, with repayment terms of 60 to 90 days.
âWe are excited to offer installment loans to Floridians,â said mike rhodes, Vice President of Operations for Advance America. “Our customers regularly tell us that they would benefit from having the choice between short-term and long-term loan options to manage their financial obligations, and now we can help meet that need.”
In more than 20 years in business, Advance America has issued 124 million small dollar loans in stores across the country and online, providing consumers with a range of innovative, regulated credit options on a range of principal amounts and conditions. In Floridathe company already offers loans for a small amount over two weeks.
“There is no ‘one size fits all’ credit solution; consumers benefit most when they have access to a wide variety of options,” said Jamie Fulmer, senior vice president of public affairs at Advance America. “By deciding to extend the credit market to installment loans, Florida policymakers have listened to consumer calls for longer-term solutions and more choice, providing a model for other states.”
Advance America has already received positive feedback from Florida customers on the new installment loan offer, via an independent customer review platform Trustpilotincluding:
“I particularly like the new practices initiated by Advance America, including a new [installment] loan product as well as online services.” — Carol
“I went to Advance America for help on the new [installment] loans they offer. The agent was polite, professional and understood my needs very well.” – Maizey W.
For more information on Advance America’s offerings, including the loan process and rates or to apply online, visit www.advanceamerica.net. To find stores in Floridato see https://www.advanceamerica.net/store-locations/florida.
About Advance America:
Founded in 1997, Advance America is the nation’s leading state-licensed consumer lender, with 1,900 storefronts in 28-state communities and online, and 5,000 employees. Advance America seeks to help every client achieve their version of current and future financial stability through a variety of innovative, regulated, and transparent low-cost credit options. The company is a founding member of the Community Financial Services Association of America (CFSA), whose mission is to promote laws that provide substantial consumer protections and encourage responsible industry practices. Please visit www.AdvanceAmerica.net for more information.
SOURCE Moving America Forward