ACE Cash Express Personal Loan Review: Fast & High-Cost Financing
What is AceCash Express?
ACE Cash Express is a company that primarily provides financial services in the United States. We offer a variety of services including payday loans, installment loans, title loans, check cashing, bill payment, and prepaid debit card services. ACE is known for serving customers who can't access traditional banking services, often due to poor credit scores or not having a bank account. It is important to note that fees and interest rates for services such as payday loans can be much higher than traditional banking products.
If you are a California resident, please refer to the California Privacy Policy available on our website www.acecashexpress.com to learn about the personal information we collect and how we use it.
Website
https://www.acecashexpress.com
Industry
Financial operations
Company size
Number of employees: from 1,001 to 5,000
Headquarter
Irving, Texas
Special goods
Short term loans, prepaid debit cards, check cashing, online banking
ACE Cash Express Loans offers small installment loans ranging from $100 to $2,000, depending on your state. The application process is very fast and you can receive your money within a day of submitting your application. However, costs can be higher than some payday loans.
Important arguments
Small loans are available from $50 to $2,000.
You can cancel your loan within 72 hours.
Negatives
Loan amounts vary by state, and annual interest rates are high, reaching into the triple digits.
Not all loans or all types of loans are offered in all states.
You need to know information about tariffs and costs
What you need to know about ACE Cash Express personal loans
ACE Cash Express is a financial services company that offers check cashing and short-term loans, including payday loans and other high-value loans. ACE Cash Express was founded in 1968.
The company says it offers small personal installment loans ranging from $50 to $2,000 to cover short-term financial needs as an alternative to traditional banks and credit unions. The type of loan and amount you can get, as well as the cost, depend in part on your state and how you apply.
The application process is very simple and you can expect a quick financing decision.
If your loan is approved, you can pick up your money at your local ACE Cash Express store in some states. Or you can transfer money directly to your account.
ACE offers a 72-hour grace period during which you can get your credit back for free if you change your mind.
Apply for a small loan ranging from $100 to $2,000.
ACE offers small personal loans ranging from $50 to $2,000 (these amounts vary depending on where you live), and the application process is relatively simple. Depending on your state, you can apply online or in person. In some states, ACE does not offer installment loans, payday-only loans or title loans, or no loans at all.
If you decide to apply online, you can expect a quick decision. Your approval will depend on the lender's underwriting criteria, including your credit score. ACE installment loans differ from the ACE payday loan option, which requires full repayment when you receive your next paycheck.
Financing is quick and easy
Once you're approved for an installment loan, you have several options for receiving the money. If you live in a state where there is an ACE Cash Express store and meet certain eligibility requirements, you can receive cash directly. Or, depending on your state, you can ask the company to deposit the money directly into your checking account.
Up to 72 hours to change your mind
If you experience buyer's remorse after taking out a personal loan, not all lenders will let you get your money back without penalty. ACE does this by giving you up to 72 hours to get your money back without any financial consequences.
Loans are not available in all states.
If you're eligible to apply for an ACE Cash Express loan, the types of terms available will depend largely on where you live. For example, online loans of up to $2,000 are available to customers in Delaware, Missouri, New Mexico, and Texas. If you live in Florida, you can get a loan online for up to $1,000.
Those who live in the following states can apply at one of the company's retail stores:
Colorado
Florida
Louisiana
Missouri
New Mexico
Ohio
Oklahoma
Texas (everywhere except Austin)
Virginia
ACE Cash Express Consumer Loan
It is difficult to know prices and costs. ACE hides this information. You may have to ask about your state in the virtual chat on the site or go to the “Locations” page on the site, where you can click on each state to see deals and prices for some of them.
Signing up won't hurt your FICO® Score, but... ACE's website states that it "may use" a non-traditional consumer reporting agency to check your creditworthiness. ACE says this means scoring won't hurt your FICO score, but ACE also says such an inquiry could "impact your overall credit file."
Application options. You can apply for an installment loan online or in person, depending on your state.
There is no fee to submit an application. There is no application fee for a Personal Loan from Cash Express, regardless of whether your application is accepted or not.
You can cancel your loan within 72 hours. If you change your mind about your loan, ACE gives you up to 72 hours to cancel without any financial consequences.
No loans for military personnel. ACE Cash Express is prohibited by law from lending to military personnel because its APR exceeds 36%. This 36% rule is part of the Military Lending Act, which aims to protect military personnel and their families from predatory lending practices.
Who is the ACE Cash Express Consumer Loan suitable for?
If you need a small, short-term personal loan, you may want to consider ACE Cash Express. Quick access to funds, coupled with longer repayment periods than payday loans, may seem attractive.
But make sure you understand the terms you agree to. The APR on an ACE Cash Express loan reaches into the triple digits and in some cases exceeds the cost of the average payday loan. It should be noted that in 2014, the CFPB took action against ACE Cash Express for “pushing payday borrowers into a cycle of debt.” So, read the fine print when applying for an ACE loan and don't sign without knowing the costs.
What products and services are available?
ACE Cash Express offers a variety of lending options including payday loans, installment loans, and other financial services. The features and services of these loans vary depending on the country in which they are offered. Their offerings include:
Payday Loans: Short-term loans that typically mature on your next payday.
Installment Loans: Loans that can be repaid in a certain number of scheduled payments.
Title Loans: Loans that use the vehicle title as collateral. Available in select states only.
Prepaid Debit Cards: Including the ACE Elite™ Visa® Prepaid Debit Card, which can be used like a regular debit card. Check Cashing: A service for cashing various types of checks, including personal checks, payroll checks, and government checks.
Bill Payment Services: Allows customers to pay utility bills, phone bills, and other types of bills. Money Transfer: The service of sending money to people in various places inside and outside the country.
Money Transfer: Offering a secure way to send money without having to open a bank account. Tax Services: Assistance with tax preparation and related services.
ATM Services: Providing customers with easy access to cash withdrawals. Financial management. For example, MetaBank's Flare account offers additional money management features. These services are designed to meet a variety of financial needs and are subject to certain conditions, such as identity verification and approval processes.
It is important to note that availability and specific services may vary by state and location regulations. For more information and to check the availability of these services in your area, you can visit the ACE Cash Express website.
