It’s the mid-1980s in Harlem, and Ace (Wood Harris) works at a laundromat, struggling to get by in PAID IN FULL. His friend Mitch (Mekhi Phifer), on the other hand, is bringing in lots of money as a drug dealer. Around the same time that Mitch and Calvin, another drug dealer, are caught and sent to prison, Ace befriends a man named Lulu, who convinces Ace to start dealing cocaine. Ace more than adequately fills the void left by Mitch and Calvin, and the money starts rolling in. When Mitch gets out of jail, they become even more successful, and they are joined by Rico, who ferociously defended Mitch in prison, thus earning his trust. But Ace’s power begins to crumble when Calvin comes back and wants to regain his place on top, and Rico’s violent and flamboyant methods attract the wrong kind of attention. Things take a huge turn for the worse when Calvin attempts to rob Ace at his Aunt June’s apartment. Ace barely manages to survive the incident, and at the same time, Mitch’s younger brother is kidnapped and held for ransom. Even though Ace is recovering and now wants out of the game, he must find out who is behind the kidnapping while not only going out on top, but staying alive.