What Are Emergency Loans?

Emergencies happen when you least expect it, but ACE may have you covered. An emergency loan is a short-term personal loan like a payday loan or an installment loan. If approved, the borrower typically receives funds within one business day!2 Don't let a financial shock leave you struggling and stressed out. If you need fast access to money to cover unexpected expenses, ACE may have the right solution for your temporary financial relief needs.

Emergency Loans for Various Expenses

Loan funds received from an approved emergency loan application may be used in a variety of ways. Some ways customers have used their money include unexpected repairs, medical expenses and other situations when you need money in an emergency.

Unexpected Home and Auto Repairs

Surprise costs are part of owning a car or home. With the fast decisions and funding time that come with a loan offered at ACE, you could have your home and vehicle back in top condition in no time.1

Medical Expenses

Life is unexpected, and sometimes unexpected medical expenses can hit. The last thing you need to be worrying about is the bill. If approved with our instant decision and fast funding, you can focus on healing.1

Emergency Cash Situations

Whether you’ve broken your laptop or your dog needs surgery, whatever your emergency, we may be able to help get you back on track with an instant decision and quick funding.1

Kinds of Emergency Loans Available at ACE

To apply for an emergency loan at ACE, first check to see if they are offered in your state. Our short-term loan options have simple applications that require a few minutes to complete.1 If approved for a store loan, you'll walk out with loan funds in hand. If approved for a loan online, you can 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

What is a Payday Loan?

Payday loans are also called payday advances or cash advances. These short-term loans have a quick application process and a short repayment period, typically due on your next payday if you're approved. A payday advance may be a helpful solution for an emergency.

What is an Installment Loan?

With a quick application process, an installment loan gives you more time to repay your loan than a payday loan.4 An installment loan allows you to make multiple payments that are substantially equal amounts to repay the total loan amount over time. Alternatively, you can choose to repay the loan early without penalty, which may save you money on interest and fees.

What Do I Need to Apply for an Emergency Loan?

Applying for an emergency loan only takes a few minutes.1 Depending on your state, you may apply at an ACE store or online. Please refer to the Payday Loans page or the Installment Loans page for what you need when applying for either type of emergency loan.

Emergency Loan FAQs

ACE 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.

With our easy online application and instant decision, you will know if you are approved within minutes. If approved for a store loan, you’ll walk out with funds in hand the same day. If approved for a loan online, 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, available for pick-up at a store near you!2

It’s important to check the repayment terms whenever you borrow money and to pay it back on time. ACE offers several options for convenient repayment. However, not all payment options may be available for cash loans originated at a store. Contact your local store for details.

  • Pay online – Log into your online account at www.myacepayments.com to make a payment using your debit card or bank account (ACH).
  • Pay by phone – Use our automated phone system by calling 866-728-1808 to make a payment with your debit card. A convenience fee may apply. 
  • Pay in-store – Depending on your state, you may visit a local ACE store to make a payment.

Yes! In fact, you could save money on interest and fees, where applicable. The store where you originated your loan can assist you with this, or – depending on your state – call 866-728-1808 to repay your loan amount early.

No. ACE may be an option for people who need an emergency loan, and your credit situation is just one factor that may be considered. We encourage everyone to apply, but we do not offer emergency loans specifically for individuals with bad credit. Unfortunately, there are companies that claim to offer bad credit lending. We urge you to use caution with these companies if you don’t have good credit. Always choose a reputable company for your financial emergencies.

Emergencies look different for everyone. You might have an unexpected medical bill or need a repair for your home or car. In any situation, you can apply for an emergency loan to help you make ends meet.