ACE Cash Express ends loans that are payday Maine

A competitor claims he is been told that the business intends to shut each of its shops in Portland and Brunswick.

ACE money Express Inc., which gives economic solutions targeted at low-income residents in Portland and Brunswick, no further is providing short-term “payday” loans, workers confirmed Monday.

A Maine-based competitor stated he has been told the business intends to shut both of its Maine places in July as an element of a more substantial move that is downsizing.

ACE, located in Irving, Texas, would not get back duplicated telephone calls Friday and Monday looking for remark, but workers at its two Maine shops stated they usually have discontinued payday financing services and referred all questions regarding the insurance policy modification with their business workplace.

ACE runs in 31 states in addition to District of Columbia, in accordance with its internet site, although not all those continuing states enable payday financing. Read more ›

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