Ace cash services

The CFPB also alleges that ACE lied to borrowers about the number of times it would attempt to debit their bank accounts for repayment of loans and fees. The company offers a variety of financial products, including high-cost, small-dollar payday and title loans, along with bill payment, check-cashing, and prepaid debit-card services. The small-dollar lending products are typically structured to be short-term, single-payment loans with triple-digit annualized interest rates, ace cash services. ACE primarily serves low-income consumers, ace cash services its borrowers frequently refinance, tirahan meaning, or otherwise extend their loans beyond the original repayment term.

Jump to navigation. The Washington State Department of Financial Institutions DFI warns consumers that before doing business with a financial institution, company, or individual, they should make sure that the entity is properly licensed. Consumers are urged to verify licensing status prior to giving the financial institution, company, or individual any nonpublic personal information, such as social security number and checking account access. A consumer reported receiving a threatening email related to Ace Cash Services regarding a delinquent loan. The email came from collection. The consumer reported never obtaining a loan with the entity.

Ace cash services

Jump to navigation. Consumers report receiving calls or e-mails claiming that the consumers owe debts that they do not actually owe. Some consumers report receiving repeated harassing collection calls. The callers contact consumers at work and home. The callers often threaten legal action. Many of the callers claim to be attorneys or members of law enforcement. Other consumers report receiving repeated harassing emails. These e-mails also threaten legal action, and may come from senders claiming to be attorneys or members of law enforcement. DFI warns consumers to never give any nonpublic personal information, such as social security number, credit card, or bank account information to any individual, website, or company without first verifying their identity and license status. Consumers can also check license status with DOL at www. Consumers can also call us at or send an email to legal acsacs.

The Consumer Financial Ace cash services Bureau is a 21st century agency that implements and enforces Federal consumer financial law and ensures that markets for consumer financial products are fair, transparent, and competitive.

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The CFPB found that ACE used illegal debt collection tactics — including harassment and false threats of lawsuits or criminal prosecution — to pressure overdue borrowers into taking out additional loans they could not afford. The CFPB was created to stand up for consumers and today we are taking action to put an end to this illegal, predatory behavior. ACE is a financial services company headquartered in Irving, Texas. The company offers payday loans, check-cashing services, title loans, installment loans, and other consumer financial products and services. ACE offers the loans online and at many of its 1, retail storefronts. The storefronts are located in 36 states and the District of Columbia. Payday loans are often described as a way for consumers to bridge a cash-flow shortage between paychecks or other income. They are usually expensive, small-dollar loans that must be repaid in full in a short period of time.

Ace cash services

The CFPB also alleges that ACE lied to borrowers about the number of times it would attempt to debit their bank accounts for repayment of loans and fees. The company offers a variety of financial products, including high-cost, small-dollar payday and title loans, along with bill payment, check-cashing, and prepaid debit-card services. The small-dollar lending products are typically structured to be short-term, single-payment loans with triple-digit annualized interest rates. ACE primarily serves low-income consumers, and its borrowers frequently refinance, rollover, or otherwise extend their loans beyond the original repayment term. ACE has approximately stores in 22 states and the District of Columbia. ACE is also a repeat offender of consumer financial protection laws.

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You may also wish to contact the Office of the Attorney General at www. Skip to main content. The callers often threaten legal action. Consumers can also check license status with DOL at www. The Consumer Financial Protection Bureau is a 21st century agency that implements and enforces Federal consumer financial law and ensures that markets for consumer financial products are fair, transparent, and competitive. They also would not need to pay any additional fees or interest. This question is for testing whether or not you are a human visitor and to prevent automated spam submissions. For more information, visit consumerfinance. Those perpetrating these scams are not licensed by DFI. If you live in another state, find your state regulator.

Jump to navigation. A consumer reported receiving a threatening email related to Ace Cash Services regarding a delinquent loan. The email came from collection.

See below for how to contact the appropriate state and federal regulator. This question is for testing whether or not you are a human visitor and to prevent automated spam submissions. This entity is not registered to conduct business in Washington State by the Department of Licensing, the Department of Revenue, or the Secretary of State. Debt collectors cannot state or imply that failure to pay a debt is a crime. Was this information helpful? Consumers report receiving calls or e-mails claiming that the consumers owe debts that they do not actually owe. The CFPB is seeking monetary relief for harmed consumers, disgorgement or compensation for unjust gains, injunctive relief, and civil money penalties. Consumers are urged to verify licensing status prior to giving the financial institution, company, or individual any nonpublic personal information, such as social security number and checking account access. If the scammers already have your bank account information, social security number, or other nonpublic information, you may be a victim of identity theft and you should take appropriate precautions. Thursday, May 4, Was this information helpful?