ACE money Express ends loans that are payday Maine

ACE money Express ends loans that are payday Maine

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

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

A Maine-based competitor stated he’s got been told the organization intends to shut both of its Maine areas in July included in a bigger move that is downsizing.

ACE, situated in Irving, Texas, didn’t get back duplicated calls Friday and Monday comment that is seeking but employees at its two Maine shops stated they usually have discontinued payday financing services and referred all questions regarding the insurance policy switch with their business office.

ACE runs in 31 states while the District of Columbia, relating to its web site, not all those states enable payday financing. The business provides many different other services, including prepaid debit cards, always check cashing, bill re payments, cash transfers, cash requests and direct deposit.

William Lund, superintendent of this Maine Bureau of credit rating Protection, stated he had been unaware that ACE had eliminated payday advances recently. Continue reading “ACE money Express ends loans that are payday Maine”