A cash advance or popularly known as payday loan is generally a small amount taken to cover sudden expenditures that come up between paychecks. You will have to pay the principal amount borrowed and the interest all at once. These loans are usually short-term and can work out to be expensive.

In order to take a cash advance or a payday loan online with ACE, all you have to do is create an ACE Cash Express account, log-in, update your personal information and submit your loan application. It is an extremely convenient and secure method for people with low creditworthiness to get small loans instantly.

ACE Cash Express offers payday loans as well as several other financial services from over 1000 locations across the country.

How does a cash advance or payday loan work?
Typically, you will have to give the lender a check for the amount you want to borrow plus a finance fee. The lender will then withhold the check and give you cash for the amount you have requested (excluding the finance fee). You can get back your check from the lender by paying the loan in cash or allowing it to be deposited in the bank.

What is the application criteria to obtain a cash advance or payday loan from ACE?
The application process with ACE is fairly straightforward as mentioned above. ACE provides an instant decision regarding the loan approval.

Listed below are the criteria for payday loan eligibility:

• The candidate must have a steady source of income.
• The candidate must live in the state he/she chooses for the loan application.
• The candidate must be 18 years or older.
• The candidate should not be a debtor in a bankruptcy case at the time of application.
• The candidate must not be a regular or reserve member of the military.

ACE Cash Express typically provides the money on the next day following the day that the application is approved. The cost of the loan varies according to the state you live and apply from.