Frequently Asked Questions
Advantage1loans is a retailer of financial services, including check cashing, short-term consumer loans, gold and silver buying, bill pay and prepaid debit card services. We focus on serving consumers who seek an alternative to traditional banking relationships to gain convenient and immediate access to financial services.
INSTALLMENT LOANS:
An Installment Loan allows you to pay for your loan over a longer period of time than your traditional Payday Loan. Our Installment Loan product allows you to repay the loan in scheduled payments that are generally equal in amount (last payment may vary slightly). At Advantage, your Installment Loan can be repaid early, which will save you interest and fees (where applicable).
To apply online all you need to do is fill out our simple application. Advantage's paperless application process is a convenient, secure and simple way to fund emergencies or cover expenses. Our streamlined application process allows you to fill out and sign your loan documents on your computer without the need to fax unnecessary documentation.
You can borrow up to $1,500.
Your Installment Loan payments will be due on consecutive pay periods throughout the term (length) of your loan. You will be informed of the payment due dates and amounts when your loan is approved.
TITLE LOANS:
A title loan is a cash loan secured by the title on your automobile, truck, or other personal vehicle. A title loan is usually the quickest and easiest way to raise a substantial amount of money to meet unanticipated expenses.
Our minimum title loan is $500. Title loans can be as much as $5,000, and sometimes even more. Nevada law determines the actual amount you may borrow using the title of your vehicle as security. Your loan amount will be based partly on the value of your vehicle and partly on your ability to repay the loan, taking into consideration your current and expected income, obligations, and employment–factors spelled out by Nevada Law (NRS 604A.450).
Title loans written are payable in full in 28 days. In most instances, title loans can be extended for an additional 28 days. Be aware that Nevada law permits us to extend a title loan six times only (NRS 604A.445).
To extend a title loan beyond its original loan period, on or before the scheduled due date you'll need to request the extension in writing and pay at least the amount of your previous service charge in cash or with a money order. A new service charge will be added to your remaining loan balance. The amount of new service charge will be determined by your loan balance and the length of the extension.
Whenever you extend a title loan, you should always pay down as much your loan as possible, in order to keep your service charges to a minimum.
If you're a steadily-employed Clark County resident and meet other minimal requirements, all you have to do is fill out a simple loan application and bring us your vehicle information and title together with a key or code number that will open the door and start the engine. We'll give our approval as quickly as possible–usually in less than half an hour.
Title loans are not intended for long-term financing, and we urge all of our customers to use the service prudently and responsibly. Accordingly, Vegas Cash & Title Loans may limit or not advance funds to customers who have payday or similar personal loans outstanding elsewhere.
Title loans are due 28 days from the date of the loan. For example, if you borrowed $1,000 your loan will be due in 28 days from the date of the loan, the APR (Annual Percentage Rate) would be 260.71%*, and you would owe $1,200 on the 28th day, you may extend a title beyond its original loan period, on or before the scheduled due date by paying the service charge.
Important:

There is no grace period on title loans. Nevada law states that you must make a scheduled payment on a loan or pay the loan balance in full on or before the due date of the loan or extension. If you do not make the appropriate payment when due, your loan will be declared in default the next morning (NRS 604A.045).
If your loan continues in default. We will offer you a repayment plan. If you do not accept the repayment plan, or if you accept the repayment plan and default again, your vehicle will be repossessed.
Please be advised that defaulting on a loan or having your vehicle repossessed may adversely affect your credit and impede your ability to obtain future loans or other financing. If you are not certain that you can make every scheduled payment on time, you should not apply for a title loan.

Online:  To apply online all you need to do is fill out our simple application .  If you are approved, your funds will be deposited into your bank account. In some cases you may not qualify for a loan online, but still may qualify for a Title Loan at an Advantage store. If you decide to apply in-store, you'll just need to bring your title and government issued ID to your local Advantage location. Please see requirements for futher details. Upon approval, you'll receive cash on the spot.
In-Store: Simply bring in a clear title with your name on it and a form of identification. We accept many types of identification:  Driver's License, Identification Card, Out of State ID, Mexican Matricula Card, Passport, or Government photo ID.  We also accept the ID if it is expired. Please see requirements for futher details.
You can borrow up to $10,000, depending upon your income and various underwriting criteria.
Absolutely! You get the money and you get to keep driving your car.
It does not matter if you have bad credit or no credit at all. The Title Loans offered by the lender and our credit services are designed to help people in need of emergency credit, so we understand that you may have had credit troubles in the past.
Online: If all information can be verified by 12:00 PM Pacific time, you will generally receive your money the next business day.  For security purposes, we must be able to contact you by telephone before your loan is funded.
In-Store: You will receive your approved loan amount in cash at time of approval in store.
Yes, your vehicle needs to be paid off to receive a Title Loan.
You will need to produce a title before a loan can be made.
Advantage does not approve applications with two or more names on the title.
In-Store: You may apply at your local store and both people must be present in the store to complete the process. When it comes time to signing the documents, the store will instruct you how to complete them. 
Whoever is named on the title will be the only person able to take out a loan or obtain credit services. If you recently bought your car and the title is not yet in your name, you will need to have the title transferred at the County Tax Office before applying for a loan or credit services. If the title includes the name of another person, such as your spouse, he or she will have to be present when you apply for the loan and credit services.
No. Only one loan per person at a given time.
You may receive a Title Loan if your vehicle is titled in another state as long as your employer and residence are in the state you receive your loan.
Payments and Cancellation Information:
Failure to make a timely payment on your loan or credit services transaction can have several consequences, including the following:
  • Financial Implications – Currently, no past due interest is assessed on any loans you may obtain from us or that we may arrange for you.  However, you may be assessed a late fee if you fail to make your payment by a specified period following its due date and you may be assessed with a returned item charge if any check or electronic payment we submit on your behalf is returned unpaid (late fee and returned item fees vary by state – see your transaction agreements for additional details).
  • Collection Activity – We may attempt to collect any delinquent amount through our standard collection practices, which include contacting you by phone, mail, SMS or email.  We may also exercise any of our rights under our loan or credit services agreements with you.  If we are unable to collect any delinquent amount you may have with us through such actions, we may also sell our debt to a third party debt buyer or engage a collection agency, who may also institute collection activity with you.
  • Impact on Your Credit Score – We do not currently report loan activity to any of the three major credit bureaus (Equifax, Experian or TransUnion).  However, we do use alternative credit reporting agencies such as FactorTrust.  Failure to make timely payment on your loan may reduce your score with such agencies, and prevent you from receiving credit or other services from a provider that uses such agencies.
  • Renewal of your Loan – We do not automatically renew any of our loans or credit services transactions.  Where refinances or renewals are available (varies by state), you may obtain a refinance or renewal of your loan or credit services transaction by logging in to your account prior to your due date and applying for a renewal or refinance.  In connection with any renewal or refinance, you will be required to e-sign new transaction agreements for such renewed or refinanced transaction and our standard rates for loans or credit services transactions will be assessed on such renewal or refinance (varies by state – see posted fee schedules).
Confidentiality: Your finances are always kept strictly confidential. We do not disclose any nonpublic personal information to anyone, except as required or permitted by law.