Payday loans are short-term loans designed to help you pay for immediate expenses. Unlike an installment loan, the balance of a payday loan is due in full by your next payday.
If you need fast cash1 and you have a steady source of income, a payday loan could be an option for you. Payday loans can help you cover overdue utility bills, unexpected car repairs and other emergency expenses.
To apply for a payday loan online, all you need to do is fill out a simple online application, and sign a few forms online. This easy process only takes minutes. If you are approved, you could pick up the money in-store or have it deposited into your bank account the next business day.2 On your next payday, your account will be automatically debited for the amount you owe. If eligible, you can also make an online payment.
You can also apply for a payday 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 should pay off your loan in the store where the loan was originated with cash on or before due date.
Payday loans are available online and in-store in the states below.
Minimum and maximum loan amounts vary by state. If approved, the amount you may borrow will depend upon your income and standard underwriting criteria.1
California: $100 - $255
Idaho: $100 - $1,000
Kansas: $100 - $500
Louisiana: $100 - $300
Minnesota: $100 - $500
Texas: $100 - $1,500
California: $100 - $255
Florida: $100 - $500
Indiana: $50 - $660
Kansas: $100 - $500
Louisiana: $100 - $300
Minnesota: $100 - $500
Missouri: $100 - $500
Oregon: $100 - $300
South Carolina: $100 - $550
Tennessee: $100 - $425
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 payday 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.2
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.2
No. ACE Cash Express requires no faxing of documents as a part of the loan application.
Will applying for a payday 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.
Your payday loan will be due on your next payday (loan duration is state-specific). You will be informed of the due date if your loan is approved.
The amount you owe will be debited from your bank account on the day your loan is due. You can also make payments in-store or online.
You should pay off your loan in the store where the loan was originated with cash on or before the due date. You will not be penalized for making an early payment.
In Texas, paying off a payday loan early will not reduce your CSO fee. However, it may reduce the lender interest that accrues on your loan. In states other than Texas, paying off a payday loan early may reduce the interest that accrues on your loan.
There is no prepayment penalty in any state.
Loans at ACE 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. Depending on your state, you may also be required to sign a cancellation notice that was provided to you at the time of approval.
Depending on your state, you may be eligible to refinance your payday loan.
To refinance, you must return to our website and log in as a returning customer. Next, simply apply to refinance your loan. The system will not allow you to apply if you are ineligible to refinance your loan. If you are approved, we will initiate a debit from your bank account for the fees due. If your due date falls on a Tuesday, Wednesday, Thursday, or Friday, you must complete your refinance application before 7:30 PM Central Time prior to your due date. If your due date falls on a Monday, you must complete your refinance application before 2:00 PM Central Time on Sunday. The cutoff times may be different in case of bank holidays. You may be eligible for a payment plan. Call us at (866) 355-6815 to discuss payment plan options.
Visit your store to discuss refinance options. You may be eligible for a payment plan. Contact your store for more information.
Depending on your state, 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. ACE Credit Access LLC is a CSO and CAB that helps consumers obtain loans from an independent third-party lender.
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