How Do Loans Work

About Payday Loans

What is a payday loan and how does it work? 

 

Payday loans, also called payday advances or cash advances, are short-term loans that are intended to help pay for unexpected or emergency expenses. Generally, the full amount of the loan is due on your next payday. Payday loans are not available in all states, and maximum loan amounts vary by state.1 

Learn more about which loans are available by finding a store near you. 

 

How do I apply for a payday loan? 

 

The process of applying for a payday loan at ACE Cash Express is simple. Depending on your state, you can apply online from a computer, tablet, or smartphone or at an ACE Cash Express location near you. 

Regardless of how you apply, you’ll receive an instant loan decision.1 If you’re approved at an ACE Cash Express store, you’ll walk out with cash in hand immediately!2 

If you’re approved online, there are three ways to receive your money.  Have your loan proceeds instantly delivered to your debit card if eligible,3 or direct deposited to your bank account by the next business day, or depending on your state and if eligible, pick up cash at a store near you! 2

 

How much can I borrow with a payday loan? 

 

Payday loans are available online and in-store in the states below. If approved, your loan amount will vary depending on your income and standard underwriting criteria.1 

Online 

In-Store 

See all payday loan FAQs here. 

About Installment Loans

What is an installment loan and how does it work? 
 

An installment loan is a short-term loan that allows you more time to repay than a traditional payday loan.4 Installment loans at ACE allow you to repay the loan in scheduled payments that are substantially equal in amount. At ACE, you can choose to repay early without penalty, which may save you money on interest and fees (where applicable).  

 

How do I apply for an installment loan? 
 

Applying for an installment loan is similar to applying for a payday loan. Depending on your state, you can apply online from a computer, tablet, or smartphone or at an ACE Cash Express location near you. 

Regardless of how you apply, you’ll receive an instant loan decision.1 If you’re approved at an ACE Cash Express store, you’ll receive cash immediately!2 

If you’re approved online, there are three ways to receive your money. Have your loan proceeds instantly delivered to your debit card if eligible,3 or direct deposited to your bank account by the next business day, or depending on your state and if eligible, pick up cash at a store near you! 2

 

How much can I borrow with an installment loan? 
 

Installment loans are available online and in-store in the states below. If approved, your loan amount will vary depending on your income and standard underwriting criteria.1 

Online 

In-Store 

See all installment loan FAQs here. 

About Title Loans

What is a title loan? 

 

A title loan is a loan in which a vehicle serves as collateral for the loan amount. If approved, you get to keep driving your car! Title loans at ACE Cash Express are offered only in-store. The availability of loans and the loan amount offered varies for each state where we offer title loans. Title loans are not available in every state.  

 

Are title loans available in my state? How much can I borrow? 

 

You can apply for a title loan in-store in Arizona, Louisiana, Oregon, select Tennessee stores, and Texas stores (not offered in Austin, Fort Worth, or Dallas). In Arizona, you may also be able to apply for a registration loan. 

Maximum loan amounts vary by state. If approved, your loan amount will vary depending on your income and standard underwriting criteria.1 

  • Arizona: $100 - $2,500 
  • Louisiana: $500 - $1,000 
  • Oregon: $100 - $300 
  • Tennessee: $100 -$2,500 
  • Texas: $100 - $5,000 (title loans not offered in Austin, Dallas, or Fort Worth stores)

*In Arizona, you can also apply for a registration loan from $100 - $1,500. 

 

What do I need to apply for a title loan? 

To apply for a title loan in-store, you will need the following: 

  • Name  
  • Address  
  • Phone number  
  • Clear title in your name  
  • Valid, government-issued photo ID  
  • Proof of a steady source of recurring income, such as employment, disability, retirement, self-employment, or another income source 
  • Proof of active bank account that we ask to be open for at least one month  

 

What do I need to apply for a registration loan? 

To apply for a registration loan in-store in Arizona, you will need the following:  

  • Name  
  • Address  
  • Phone number  
  • Your valid vehicle registration  
  • Valid, government-issued ID  
  • Proof of a steady source of recurring income, such as employment, disability, retirement, self-employment, or another income source      
  • Proof of a bank account that we ask to be open for at least one month. Debit cards or pre-printed checks may be accepted in your state as proof of bank account.  Contact your local stores for details.  Acceptable documents may vary by state. 

 

Do I have full use of my vehicle during the term of the loan? 

 

Absolutely! If approved, you get the money, and you get to keep driving your vehicle.  

 

Are motorcycle title loans available? 

Yes, title loans are available for motorcycles in-store, and the requirements are the same as for title loans. 

See more title loan FAQs here. 

About ACE

Why choose ACE Cash Express? 

 

We make it easy to get cash when you need it most. In business since 1968, 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. 

 

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