Loan FAQs

Need quick cash but don’t know where to start? We have answers to your most frequently asked questions about Cash Advance Installment Loans and Title Installment Loans.

 

 

 

  • The Basics
  • CAB Information
  • Title Installment Loan FAQs
  • Cash Advance Installment Loan FAQs

The Basics

A:  Yes. If approved, stop by the store and pick up your money.

A: If for any reason you decide you do not want the CSO contract and loan, you can return the money that the lender loaned you and cancel the transaction within three (3) days. No questions asked and no fees! It is risk free! Follow the instructions provided in your loan documents.

A:Your installment loan payments will be based around your pay days. If you are paid monthly, then your payments will be due monthly. If you are paid bi-weekly, then your payments will be due bi-weekly.

A: You will make periodic CAB fee payments during your loan term to keep it in good standing. At the end of your loan term, your loan principal, final CAB fee, and lender interest are due.

A: If you cannot pay your loan in full, then you have the option to refinance. Refinancing means you will only pay a refinance fee (this includes the final CAB fee and lender interest). Your remaining principal loan amount will be rolled into a new term, in which you will pay CAB fees and lender interest as if you were borrowing a brand new loan.

CAB Information

A:  Action Express Loans is a Credit Access Business – or CAB. Basically, this means that we arrange a loan between you and a third party lender. Action Credit Express still services your loan from application to repayment, and will answer any questions you may have about your loan.

A: Action Express Loans will arrange for you to receive a loan from a third party lender. Because of this arrangement CAB fees are charged to the borrower. Your periodic CAB fees keep your loan in good standing.

A: CAB fees vary depending on what type of a loan you borrow and where you get your loan. In addition to the CAB fees, you will also be charged lender interest. This interest will be due on your loan due date, while periodic CAB fees will need to be made throughout the duration of your loan to keep your account in good standing. Interest varies based on the type of loan you borrow.

Title Installment Loan FAQs

A: With a title installment loan, you could receive up to $5,000.

A:You will need the following to apply:

  • Vehicle in Driving Condition
  • Clear Texas Title
  • Valid ID
  • Open and Active Checking Account

A: To apply, bring your clear Texas title and your vehicle to a Action Credit Express Location. We will do a quick inspection of your vehicle, and you will receive a lending decision. If approved, you could be in and out with your funds in 30 minutes or less!

A: No. Your vehicle remains in your possession and you can still use your vehicle during the term of your loan. Once you pay the loan in full, the lien is released. You’ll always be the owner of the vehicle as long as your loan remains in good standing.

Cash Advance Installment Loan FAQs

A: With a cash advance installment loan, you could receive up to $1,500.

A:You will need the following to apply:

  • Valid ID
  • Proof of Income
  • Working Phone Number
  • Open and active checking account

A: Unlike traditional payday loans, cash advance installment loans are not scheduled to be paid in full on your next pay day. Instead, they have installment terms (view example fee schedules here). Throughout the duration of your loan, you will make periodic CAB fee payments. These payments keep your loan in good standing. At the end of your term, your accrued lender interest, and principal loan amount will be due in full.