An installment loan allows you to pay a loan over a longer period of time than a traditional payday loan.1 Installment loans at ACE allow you to repay the loan in scheduled payments that are substantially equal in amount (last payment may vary slightly). At ACE, you can choose to repay early without penalty, which may save you money on interest and fees.
Installment loans are available online and at certain ACE locations in Texas. Minimum and maximum installment loan amounts are as follows:
Online: $200 - $2,000
In-Store: $100 - $2,000 (installment loans not available in Austin or Dallas)
If approved, the amount you may borrow will depend upon your income and standard underwriting criteria.2
Yes. Each customer is treated individually, and a spouse can apply separately for a loan.
To apply online, all you need to do is fill out our simple application. ACE's paperless application process is convenient, secure and simple. Our simplified application process allows you to fill out and sign your loan documents on your computer without the need to fax unnecessary documentation.
You can also apply for an installment loan at certain ACE store locations. Just use the store locator to find a store near you, and apply in person. If you are approved, you can walk out with cash in hand.2
You do not need to be employed, but you need to have some sort of recurring income. You may be self-employed or receive recurring income from a source other than an employer such as retirement or disability income, but we will require you to have the ability to repay the loan. The key is to have a recurring source of income.
No collateral is necessary or accepted.
No. You will not be charged to apply for a loan, whether or not you are approved.
You will receive a decision immediately following completion of your application. If approved by 6:00 PM Central Time on Monday – Friday for weekday applications, and by 2:00 PM Central Time on Sunday for weekend applications, you will generally receive the money the next business day.3
For verification purposes, we may need to contact you by telephone before your loan is approved. Applications received on a weekend or holiday may be verified the next business day due to bank closures.
You will be notified of the loan decision immediately following completion of your application. If you are approved, you will immediately receive your approved loan amount in cash.3
No. ACE Cash Express requires no faxing of documents as a part of the loan application.
Will applying for an installment loan impact my credit?
Hard credit report inquiries to Experian, Equifax and TransUnion can negatively affect your FICO Score, especially if there are many in a short amount of time. At ACE Cash Express, we may obtain information from a non-traditional consumer reporting agency and the inquiry may affect your overall credit profile with the applicable agency, but it will not impact your FICO score.
Installment loan payments will be due on consecutive pay periods. The number of payments and the term (length) of the loan will vary by pay frequency. You will be informed of the payment due dates and amounts if your loan is approved.
While completing your application, you may choose to have a transfer of funds initiated from your bank account on the day the payment is due OR you may choose to send your payments through mail using a check or money order. Please note, you will be charged a higher fee if you choose to send your payments through mail.
Mailing Address
Installment Loans at ACE Cash ExpressIf mailing in payment, please give at least 2-3 business days prior to your due date for the payment to arrive.
You should pay each of your installments in the store where the loan was originated with cash on or before each due date. You will not be penalized for making an early payment.
If you repay your loan in full at any time, you will only be responsible for accrued interest and fees on the outstanding principal through the date of repayment.
Every loan comes with a 72-hour satisfaction guarantee. So if you change your mind about your loan, just return the principal within 72 hours and pay nothing more.
To cancel the loan, please send an email to internetops@acecashexpress.com with a request to cancel your contract or call us at (866)-ACE-CASH.
You can also mail or deliver a signed and dated copy of the cancellation notice provided with your Credit Services Agreement, or other written notice, to:
ACE Cash ExpressYou will need to include your name and loan number. Once we receive your notice, we will transfer the principal directly from your bank account. The written notice must be postmarked within 3 days of signing the contract.
To cancel the loan, you must return the proceeds from your loan to the store where your loan was originated within 72 hours of receiving your loan. You will also be required to sign a cancellation notice that was provided to you at the time of approval.
We make it easy to obtain cash when you need it most. Since 1968, ACE Cash Express has opened its doors to customers looking for financial services. ACE Cash Express delivers a broad range of financial products and services including short-term consumer loans, card services, check cashing, money transfers, bill payments and money orders.
In Texas, a Credit Services Organization (CSO) is a company that earns compensation by, among other things, helping consumers obtain loans from a lender. A Credit Access Business (CAB) is a type of CSO that helps people obtain payday and title loans from a lender. CSOs are not lenders and do not make loans.
In Texas, ACE Credit Access LLC is a CSO and a CAB that helps consumers obtain loans from an independent third-party lender.
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