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 ace cash services. 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.

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. Also, the following logos will identify an email as legitimate. DFI cautions that unlicensed entities often engage in certain practices that indicate they are committing a fraud or otherwise violating Washington State law. For instance, such entities often use non-business email addresses such as - gmail.

The email also stated that failure to settle the case would cause a court judgement against the consumer.

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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. In , the CFPB found that ACE used illegal debt-collection tactics to create a false sense of urgency to lure overdue borrowers into repeat borrowing.

Ace cash services

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.

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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. If you live in another state, find your state regulator. The callers contact consumers at work and home. The callers often threaten legal action. This question is for testing whether or not you are a human visitor and to prevent automated spam submissions. Was this information helpful? 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. You may also wish to contact the Office of the Attorney General at www. The complaint is not a final finding or ruling that the defendants have violated the law. In , the CFPB found that ACE used illegal debt-collection tactics to create a false sense of urgency to lure overdue borrowers into repeat borrowing. As alleged in the complaint, ACE specifically harmed consumers by:. See below for how to contact the appropriate state and federal regulator. What can we do to improve this page? Also, the following logos will identify an email as legitimate. The email also stated that failure to settle the case would cause a court judgement against the consumer.

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If someone threatens to garnish your wages, contact your employer, or uses threatening, intimidating, or offensive language, report such actions to state and federal regulators. For more information, visit consumerfinance. Under the free repayment plan, borrowers would owe their outstanding balances in four equal installments over their next four paydays, rather than owing one lump sum. If you feel you have been the victim of a loan scam involving the Internet please contact the Internet Crime Complaint Center online at www. The callers contact consumers at work and home. ACE primarily serves low-income consumers, and its borrowers frequently refinance, rollover, or otherwise extend their loans beyond the original repayment term. 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. ACE is also a repeat offender of consumer financial protection laws. The CFPB is seeking monetary relief for harmed consumers, disgorgement or compensation for unjust gains, injunctive relief, and civil money penalties. Date Posted:. DFI cautions that unlicensed entities often engage in certain practices that indicate they are committing a fraud or otherwise violating Washington State law.