AMERICA'S LOAN COMPANY
Toll Free:  877-380-2639
Ohio: SM.501641.000
Company NMLS ID: 315276
West Jefferson Branch
127 E. Main Street
West Jefferson, OH 43162
P:  614-879-8004
F:  614-334-4397
Logan  Branch
145 West Main Street
Logan, OH 43138
P: 740-380-3477
F: 740-380-3440
London Branch
26 East High Street
London, OH 43140
P: 740-845-0745
F: 740-845-0755
© 2017 America's Loan Company - Privacy Policy
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CUSTOMER NOTICE: Personal Loans, Title Loans, and Car Loans have terms 13 months or longer.  There are no early payoff penalties.  We currently report to one of the 3 major credit bureaus, TransUnion.  However, many factors affect your credit score.  Therefore, we can't promise that your credit score will improve while having a loan with us.

REQUIREMENTS: We are able to service Ohio residents only.  Approval depends upon meeting legal, regulatory and underwriting requirements. AMERICA'S LOAN COMPANY may, at its discretion, verify application information by using national databases, including but not limited to Teletrack and any of the national credit bureaus.  AMERICA'S LOAN COMPANY may take this information into consideration in the approval process.Due to state and verification requirements, not all applicants for loans may be eligible for approval by AMERICA'S LOAN COMPANY.. You may be required to submit additional documents due to state law and qualification criteria.

PRODUCTS & SERVICES: Products and services offered to customers may vary based on customer eligibility and applicable state or federal law. Actual loan amounts vary. The availability of loans and extensions may vary. Installment Title Loans and Auto Financing are subject to minimum auto value requirements.

FURTHER PERSONAL LOAN DISCLOSURES:  For qualified customers, America’s Loan Company offers bad credit personal loans with terms of 13 months to 60 months, with a maximum Annual Percentage Rate (APR) under 36%.  As an example, you may borrow $1,500.00 over a 24 month period, with a $100 credit investigation fee, $100 loan origination fee, and $452.32 in interest, for a total payment of $2062.32, with an APR of $32.6514%, and monthly payments of $85.93.
America's Loan Company, LLC BBB Business Review
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AMERICA'S LOAN COMPANY: FREQUENTLY ASKED LOAN QUESTIONS

How long has America's Loan Company been in business?
Since 2004.

Is America's Loan Company able to help customers who don't live in Ohio?
No.  Unfortunately, we are only able to help customers who live in the state of Ohio.

Is America's Loan Company a direct lender or just a company that refers applicants to available lenders?
America's Loan Company is a direct lender.  We take care of our customers from the moment of application till the loan is paid off. (online payment option)

I have no credit score.  Can I still get a loan from America's Loan Company?
We are able to lend to customers who have no credit scores.  We don't guarantee that you will be approved.  But, we do cater to customers who may not be able to get a loan from the local bank due to having too low of a credit score.

Does America's Loan Company report to any of the 3 major credit bureaus?
Currently, we report to one of the 3 major credit bureaus, TransUnion. 

How may America's Loan Company help improve my credit score?
Currently, we report to one of the 3 major credit bureaus, TransUnion.  However, Payday Loans are not reported.  Therefore, a good payment history, as well as bad, would be reported to TransUnion.  As long as a you keep up with making payments on time and without default, this may help improve your credit score.  However, many factors may affect your credit score.  So, we can't guarantee that reporting your credit history will improve your credit score.

Is America's Loan Company licensed?
America's Loan Company is licensed through the Ohio Division of Financial Institutions.  We are only able to help customers who live in the state of Ohio.  You can look up our license with the Ohio Division of Financial Institutions by clicking here.  Our lending license number is SM.501641.000.

Will I be required to put a down payment on a loan before I am approved for it or before funds are disbursed to me?
Never.  Simple as that.  Our advise to you is to stay away from any lender who requires you to put a down payment as a condition to your loan.  Most likely, it is a scam.

What interest and A.P.R. can I expect to get?
It depends on your credit score.  The maximum state of Ohio allowed interest is 25%.  However, do keep in mind that the A.P.R. will be higher than the interest since it will include other loans fees, such as origination fees.

How long can I have to pay a loan?
Amount of time varies depending on several factors.  Payday Loans typically get 2 weeks.  However, we don't do installments loans, meaning Personal,  Title, and Auto loans, for less than 13 months.  We don't have a specific cap on the number of months that a customer can have to pay an installment loan.  For instance you may borrow $1000 over 13 months or longer.  Or, you may get a vehicle financing that could be over two, three, four or five years,
for example.

What origination fees do you charge?
We are allowed to charge a $10.00 credit investigation fee.  In addition, we are allowed to charge loan origination fees as shown below:

(a) With respect to secured loans:
if the principal amount of the loan is $500.00 or less, loan origination charges not exceeding $15.00;
if the principal amount of the loan is more than $500.00 but less than $1,000.00, loan origination charges
not exceeding $30.00;
if the principal amount of the loan is at least $1,000.00 but less than $2,000.00, loan origination charges not
exceeding $100.00;
if the principal amount of the loan is at least $2,000.00 but less than $5000.00, loan origination charges not
exceeding $200.00; and
if the principal amount of the loan is at least $5,000.00, loan origination charges not exceeding the greater
of $250.00 or 1% of the principal amount of the loan.
(b) With respect to unsecured loans:
if the principal amount of the loan is $500.00 or less, loan origination charges not exceeding $15.00;
if the principal amount of the loan is more than $500.00 but less than $1,000.00, loan origination charges
not exceeding $30.00;
if the principal amount of the loan is at least $1,000 but less than $5,000, loan origination charges not
exceeding $100.00; and
if the principal amount of the loan is at least $5000.00, loan origination charges not exceeding the greater of
$250.00 or 1% of the principal amount of the loan.

What is the difference between a Car Loans, Title Loan, Auto Equity Loans, and a Personal Loan?
Our Car Loans, Title Loans, Auto Equity Loans, and Personal Loans are installment loans paid over several months or years.  However, Title Loans & Auto Equity Loans are loans secured by the title to a vehicle (car, pickup truck, SUV, motorcycle, boat, ATV, RV) that you own free and clear.  We only keep the title to the vehicle and you keep the vehicle.  With a Car Loan, you don't own the vehicle and we help finance its purchase.  We keep the title until the debt is paid in full, and you keep the vehicle.  A Personal Loan, however, is an unsecured loan.  No collateral is kept for a Personal Loan.

What is the difference between a Title Loan and a Car Loan?
In the case of a Title Loan, we lend you money based on the value of a vehicle that you already own.  However, in the case of a Car Loan, you don't own the vehicle.  We would help you with financing the purchase of a vehicle, and we keep the title to the new vehicle until your debt is paid in full to us.

Is a Personal Loan the same as a Payday Loan with America's Loan Company?
No.  A Personal Loan is an unsecured loan paid over many months where a customer must borrow at least $900.  A payday loan is a loan between $50.00 and $650.00 usually payable over 2 weeks (if customer works full time) or a month (if customer gets Social Security income or Pension). Payday loans are the more expensive of our options.  We truly feel that our installment loans are, in the end, better for your finances.  However, you are the customer and if a payday loan is what you want then we do offer them.    

I'm still paying on my vehicle.  Can you loan to me based on the equity that I already have on the vehicle?
If you are still paying on your vehicle, we may still be able to refinance it.  Also, If we determine that the value of the vehicle exceeds sufficiently what you still owe on it, we may refinance the vehicle loan and add money on top that you can keep.

How long does it take to be approved or declined for a Personal, Title, Auto Equity, or Car Loan?
It typically takes us 1 to 3 business days to make a decision.  However, when it comes to Car Loans, they take priority and we do try to get them done within 1 to 2 days.

I see that you have some vehicles for sale on your website.  Are you a dealership?
America's Loan Company is not a dealership.  We are a lender.  The vehicles displayed on our website are vehicles that we are trying to help private parties sell in the hopes that we can finance the purchase.

Do you offer any warranties with the vehicles for sale on your website?
We don't offer any warranties.  Those vehicles are sold as is for the reasons stated on question 10 above.  However, customers can always take the vehicle to trusted mechanic to have it check.  If any repairs are needed, we may be able to include the cost into the loan of the vehicle.
America's Loan Company Ohio
PHONE: 877-380-2639