Instant payday loans

Qualifications for Payday Loans

Are you in need of fast cash, but are unsure whether you qualify for a payday loan? The good news is that most consumers can obtain a payday loan through a simple online application process. In addition, ACE Cash Express does not require lengthy paperwork or an extensive credit history.
To qualify for a payday loan, you must have the following:


  • Bank account
  • Proof of income
  • Be gainfully employed
  • Be over 18
  • Reside in the U.S.
  • Provide a home address and contact information

An online payday loan is a safe, confidential financial tool. ACE Cash Express will not share your information with anyone or request your reason for taking out the loan. You will know quickly if you have been approved for your payday advance. Your fash cash can be deposited directly into your bank account.



Considerations for Payday Loans

Payday loans aren’t for everyone. Keep the following information in mind before you begin the application process.


If you have an outstanding payday loan, make payment arrangements before applying for a new cash advance. Make sure you understand your repayment schedule, and do not take a payday loan if you are unsure about paying it back. If you do not make agreed-upon payments, you will be responsible for additional fees. Do not apply for a payday loan to rebuild your credit. These short-term financial tools are not designed to restore ailing credit histories.


Use your payday loan wisely. They are not suited for every financial situation; make sure you weigh your options before applying.


More questions? Call an ACE Cash Express representative today for information about fees, application procedures and loan qualification.

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.​ ACE Cash Express, Inc. is a licensee under the Alabama Small Loan Act. ACE Cash Express, Inc. is licensed by the Department of Business Oversight pursuant to Financial Code Section 23005(a) of the California Deferred Deposit Transaction Law. Loans in Minnesota made by ACE Minnesota Corp. Loans in Ohio arranged by FSH Credit Services LLC d/b/a ACE Cash Express, CS.900100.000, and made by, and subject to the approval of, an unaffiliated third party lender. Loans in Texas arranged by ACE Credit Access LLC and made by, and subject to the approval of, an unaffiliated third party lender. ACE Cash Express, Inc. is licensed by the Virginia State Corporation Commission, PL-115.


2. Loan funding requires 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 is subject to approval pursuant to standard underwriting criteria. In-store cash pickup not available in all states.  


Our credit decision on your application may be based in whole or in part on information obtained from a national database including, but not limited to FactorTrust, Inc., P.O. Box 3653, Alpharetta, Georgia 30023, (678) 306-2260.


Annual Percentage Rate (APR) varies from 65.35% - 1409.36% and is based on state, loan term, loan funding date and other underwriting considerations. Please select the state above for further details on APR.


What happens if I fail to make a timely payment on my loan or credit services transaction?


Failure to make a timely payment on your loan or credit services transaction can have several consequences, including the following:

  • Financial Implications – Currently, no past due interest is assessed on any loans you may obtain from us or that we may arrange for you . However, you may be assessed a late fee if you fail to make your payment by a specified period following its due date and you may be assessed with a returned item charge if any check or electronic payment we submit on your behalf is returned unpaid (late fee and returned item fees vary by state – see your transaction agreements for additional details).
  • Collection Activity – We may attempt to collect any delinquent amount through our standard collection practices, which include contacting you by phone, mail or email.  We may also exercise any of our rights under our loan or credit services agreements with you.  If we are unable to collect any delinquent amount you may have with us through such actions, we may also sell our debt to a third party debt buyer or engage a collection agency, who may also institute collection activity with you.
  • Impact on Your Credit Score – We do not currently report loan activity to any of the three major credit bureaus (Equifax, Experian or TransUnion). However, we do use alternative credit reporting agencies such as FactorTrust.  Failure to make timely payment on your loan may reduce your score with such agencies, and prevent you from receiving credit or other services from a provider that uses such agencies.
  • Refinancing a Loan – We do not automatically refinance any of our loans or credit services transactions. Where refinances are available (varies by state), you may refinance your loan or credit services transaction by logging in as a returning customer prior to your due date and applying for a refinance. In connection with any refinance, you will be required to agree to new transaction agreements via electronic signature for the refinanced transaction. Our standard rates for loans or credit services transactions will be assessed on that refinance (varies by state – see posted fee schedules). You may also call us to discuss payment plan options at (866) 355-6815.