How to Pay for Unexpected Repairs

Budgeting • March 10, 2022 • 5 mins read

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We’ve all been there. The car has been making weird noises and decides to die right when you leave for work. Maybe your washing machine flooded your home. Or your fridge suddenly stopped working, leaving you with rapidly defrosting food and the urgent need for a repair.

When these situations occur, fixing your machines may be your only option. If you don’t have the cash to pay for the repairs, you may be wondering what you can do.

Short-term loans can be available for these scenarios. If you don’t have enough in savings or just need a quick loan until your next payday. You can apply for the emergency cash you need to pay for the repairs as soon as the need arises.

What qualifies as an emergency?

An emergency is any situation that demands an immediate response. Let’s say your car breaks down unexpectedly. If you have easy access to another means of transportation, such as carpooling with a friend or taking public transit, the breakdown may be a problem and, therefore, not necessarily an emergency. However, if your vehicle is your only option for travel and you need to get to work or to pick up your kids from school, that is an emergency.

Similarly, a broken air conditioner likely isn’t an emergency during the winter but could be one during the summer. If the need is urgent, it qualifies as an emergency.

How can I apply for fast cash?

Short-term loans are designed to allow you to apply for the money you’re looking for quickly, while getting an instant decision on your application.

When these unexpected expenses occur, you can also ask friends or family for cash, or you can pull money from your savings. If those options aren’t available, you can apply for a loan without leaving your home and often receive an immediate answer about your eligibility.¹ Find out more about online loans and how you can find the right option by viewing viewing online loans.

The online loans you can apply for at ACE Cash Express are typically available as either payday or installment loans, depending on your location/state:

Payday loans are a great option if you can’t pay for your emergency repair until your next payday. This emergency cash bridges the gap between the repair and your paycheck. You must pay it back in full by your next payday to avoid late fees or penalties.
Installment loans have a longer repayment period than payday loans.² Payments are made in regularly scheduled installments that are roughly equal. If you can’t pay the loan back by your next payday, need to borrow a larger amount, or can’t repay the loan in a single payment, an installment loan may be the right choice for you.

To apply for one of these loans, simply complete an application online or in-store. You will get an immediate answer about your qualification. If approved, you may be able to pick up your loan at your local store or arrange for an overnight direct deposit.³

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1. All loans subject to approval pursuant to standard underwriting criteria. Rates and terms will vary depending upon the state where you reside. Not all consumers will qualify for a loan or for the maximum loan amount. Terms and conditions apply. Loans should be used for short-term financial needs only, and not as a long-term solution. Customers with credit difficulties should seek credit counseling. Installment loans are intended for customers who need more time to pay off their loan than provided by a single-payment payday loan. Individual payment amounts for an installment loan are smaller when compared to the single-payment payday loan for the same loan amount. The total sum of payments for an installment loan will be higher than a single-payment payday loan if you pay off the installment loan according to the payment schedule set forth in the associated loan agreement. For online loans, approval and funding may require verification of application information. Depending on ability to verify this information, loan funding may be extended up to two days. In-store cash pickup of online loans is subject to approval pursuant to standard underwriting criteria and only available at ACE Cash Express locations in the state where you originated your loan. In-store cash pickup of online loans not available in all states. In-store cash pickup of online loans requires valid, non-temporary government-issued identification. Online and in-store loans not available in all states. Populus Financial Group, Inc. is licensed by the Department of Financial Protection and Innovation pursuant to Financial Code Section 23005(a) of the California Deferred Deposit Transaction Law. Loans in Minnesota made by ACE Minnesota Corp. Populus Financial Group, Inc., 300 E. John Carpenter Fwy, Ste. 900, Irving, Texas, 75062, ST.760164.000. Loans in Texas arranged by ACE Credit Access LLC and made by, and subject to the approval of, an unaffiliated third-party lender. Populus Financial Group, Inc. is licensed by the Virginia State Corporation Commission, PL-115.

2. Installment loans are intended for customers who need more time to pay off their loan than provided by a single-payment payday loan. Individual payment amounts for an installment loan are smaller when compared to the single-payment payday loan for the same loan amount. The total sum of payments for an installment loan will be higher than a single-payment payday loan if you pay off the installment loan according to the payment schedule set forth in the associated loan agreement.

3. For approved in-store loans, you will receive funds immediately. For online loans, approval and funding may require verification of application information. Depending on ability to verify this information, loan funding may be extended up to two days. All loans subject to approval pursuant to standard underwriting criteria. In-store cash pickup of online loans is subject to approval pursuant to standard underwriting criteria and only available at ACE Cash Express locations in the state where you originated your loan. In-store cash pickup of online loans not available in all states. In-store cash pickup of online loans requires valid, non-temporary government-issued identification. Online loans not available in all states. 