Ace Cash Express Review- the Details You Really Need to Know

Company (Lender)	Loan Amount	Loan term	Min. credit score	Est. APR	Funds available in
	$100 – $2,000 ; up to $5,000 for title loans		None	Varies	Instant to one business day

Sometimes, traditional banks and financial institutions may not meet your personal finance needs for day-to-day living. This is where the Ace Cash Express team comes in handy. Ace Cash Express has been providing financial services and products in the United States for over 50 years.

If you are on the lookout for the best personal loans out there, Ace Cash Express may be of great help. This Ace Cash Express review would provide in-depth information about the company, its products and services, the good and the bad, and explore customer reviews.

First, we would review the short term personal loans offered by Ace Cash Express.

Loans Provided by Ace Cash Express

Ace Cash Express provides three main types of short-term loans: payday loans, installment loans, and title loans.

Payday loan: Need some money to settle bills and expenses in between pay periods? Ace Cash Express will provide you with cash to sort this out through their payday loans. This is a short term loan that lenders expect you to pay back when you receive your next paycheck.

Installment loan: This is also a short-term personal loan, but it gives you a more extended repayment period than the payday loan.

You can use installment loans to cover unexpected bills and expenses, and you can repay the loan earlier than planned without any penalty or fees.

Title loan: Ace Cash Express offers you a title loan using your vehicle as collateral. They only provide this type of personal loan in-store. A title loan is only available in Arizona, Louisiana, Oregon, select Tennessee stores, and Texas.

Next, we will review what it takes to get short term loans from Ace Cash Express.

How to Apply for an Ace Cash Express Loan

If you need a loan to cover emergency cash needs such as overdue bills or car repairs, you can apply for a loan at Ace Cash Express online through their fast and accessible platform.

You can fill out the application in minutes and get an instant decision; it’s such a straightforward process!

If your application is processed and approved, Lenders can deposit the cash in your bank account by the next business day, or you could choose to stop by the closest store to you and pick it up.

Alternatively, you can locate an Ace Cash Express store and apply for a loan in-store. This is also a quick and easy process, you will receive an instant decision, and if you are approved, you will get your money immediately.

Requirements for Ace Cash Express Loans

Ace Cash Express does not ask for lengthy traditional requirements and paperwork to qualify for payday loans and installment loans. No collateral is required.

Here are the requirements to apply online or in-store for payday loans, installment loans, or an in-store title loan:

Online loan application: Lenders will require you to provide the personal and income information below for online applications.

• Your name
• Your address
• Your phone Number
• A valid and active  email  address
• Your Social Security Number or Individual Taxpayer Identification Number
• Proof of a steady source of recurring income, such as employment, disability, retirement, self-employment, or another income source
• Proof of active bank account that we ask to be open for at least one month.

In-store loan application: For in-store applications, some lenders will require you to provide the following:

• Your name
• Your address
• Your phone Number
• A valid and active  email  address
• A valid, government-issued ID
• Proof of a steady source of recurring income, such as employment, disability, retirement, self-employment, or another income source
• Proof of a bank account that we ask to be open for at least one month.
• A clear title in your name (Only applicable to title loans)

It is important to note that acceptable documents may vary by state for in-store applications, and you may be able to use debit cards or pre-printed checks in your state as proof of a bank account.

Also, California customers must provide proof of an active, personal checking account that has been open for at least one month.

Some lenders may require A valid Social Security Number or Individual Taxpayer Identification Number for in-store installment loans where applicable.

Other general requirements include:

• You must reside in the state you choose for your loan application.
• You must be at least 18 years old.
• You should not currently be a debtor in a bankruptcy case or intend to file for bankruptcy relief voluntarily.
• You should not be a military member, serving on active duty under a call or order that does not specify 30 days or fewer, a member of the reserves (including National Guard) on active duty, or dependent on any such member.

Frequently Asked Questions on Ace Cash Express

How Do You Pay Back Loans From Ace Cash Express?

To repay a payday loan, lenders will automatically debit your account for the balance you owe on your next payday. You can also make an online or in-store payment.

To repay installment loans obtained online, you can either make a one-time payment online or authorize an automatic recurring income from your bank account. You can also pay over the phone, through a mail-in a check, or make payment at a store near you.

If you receive installment loans in-store, you can repay at the store where you received the loan. In some states, you can use automatic payments through your bank or pay over the phone.

Can You Cancel Your Ace Cash Express Loan?

Yes, you can cancel your loan with Ace Cash Express. All loans come with a 72-hour satisfaction guarantee. If you decide that the loan doesn’t suit your needs and change your mind about your loan, you will be required to return the principal within 72 hours. No additional payments are required.

To cancel your loan online, you can send an email to [email protected] with a request to cancel your contract or reach them at (877)-ACE-CASH.

To cancel your loan in-store, you must return the proceeds from your loan to the store where you got your loan. You may also be required to sign a cancellation notice provided to you at the time of approval.

Some states like Ohio and Texas have specific requirements for cancellation. You can find out more on https://new.acecashexpress.com.

What Are the Pros and Cons of Getting Loans From Ace Cash Express?

Using an Ace Cash Express loan comes with its pros and cons. We will review them below.

Pros

• A quick and straightforward application process
• Multiple application platforms, Online and in-store
• 72-hour satisfaction guarantee
• Early payment without penalty
• Access to fast cash for emergencies
• No bulky requirements
• No collateral and credit history required

Cons

• High-interest rates
• You can not get a title loan in every state
• The amount you can borrow varies by state
• Frequent credit check

How Much Can I Borrow With Ace Cash Express Payday Loans?

The loan you qualify for would depend on your income, state, and other underwriting requirements.

The amount you can get varies from as low as $100 to as high as $1,500.

Online payday loan amount per state:

California: $100 – $255

Florida: $100 – $500

Idaho: $100 – $1,000

Kansas: $100 – $500

Louisiana: $100 -$300

Minnesota: $100 – $500

Texas: $100 – $1,500

In-store payday loan amount per state:

California: $100 – $255

Florida: $100 – $500

Indiana: $50 – $605

Kansas: $100 – $500

Louisiana: $100 – $300

Minnesota: $100 – $500

Missouri: $100 – $500

Oregon: $100 – $300

South Carolina: $100 – $550

Tennessee: $100 – $425

Virginia: $100 – $500

How Much Can I Borrow With Ace Cash Express Installment Loan?

The amount you can get varies from as low as $100 to as high as $2,000.

Online installment loan amount per state:

Delaware: $100 – $2,000

Florida: $100 – $1,000

Missouri: $100 – $2,000

New Mexico: $100 – $2,000

Texas: $100 – $2,000

In-store installment loan amount per state:

Colorado: $100 – $1,000

Florida: $100 – $1,000

Louisiana: $400 – $700

Missouri: $100 – $2,000

New Mexico: $100 – $2,000

Ohio: $100 – $1,000

Oklahoma: $50 – $700

Texas: $100 – $2,000

How Much Title Loans Can I Borrow?

The amount of title loan you can borrow would depend on your income, state, and other underwriting requirements. Remember, lenders provide title loans in-store.

Title loan amount per state:

Arizona: $100 – $2,500

Louisiana: $100 – $1,000

Oregon: $100 – $300 in

Tennessee: $100 – $2,500

Texas: $100 – $5,000

Can You Borrow From Ace Cash Express With a Bad Credit Score?

Ace Cash Express suggests that they do not require your credit history to qualify for a loan. Customer reviews show that Ace Cash Express would check your credit score and credit history before issuing you a loan and giving you money.

As it is with other financial services companies and lenders, if you have a bad credit score, this may affect your loan application decision or may mean higher interest rates. This doesn’t leave you in a better financial situation at the end of the day.

Does Ace Cash Express Offer Any Other Services Apart From Loans?

Yes, asides from offering short term loans, Ace Cash Express offers other financial services such as:

Money transfers: If you need to send money to anywhere in the US, you can use the money transfer services at Ace Cash Express. They also provide money transfers to over 200 countries and process money order transactions.

Check cashing: Ace Cash Express can give you instant cash for payroll checks, personal checks, business checks, income tax refund checks, government checks, insurance settlement checks, and more.

You can get assistance in filing your taxes and cashing tax refund checks through the tax services provided. If you want alternative ways to pay bills for auto, mortgage, rent, utilities, credit cards, and more, you can do that through Ace Cash Express.

The ACE Elite Visa Prepaid Debit Card or open up an ACE Flare Account are other products Ace Cash Express uses to provide cash and financial services to its customers.

Is Ace Cash Express Worth It?

The most important question comes down to this: Is getting a loan from Ace Cash Express or using their services worth it?

Well, that would depend on how much you really need their services. Given as their payday loans, for example, attract high costs and fees, you may want to consider this and other downsides of using payday loans.

Payday loans are notorious for high-interest rates, with customer reviews on trust pilot buttressing this point. For example, an ACE customer complained of paying over $500 for a $1,300 loan with a loan term of only a few days.

Some displeased customers also complained about the frequency with which Ace Cash Express checked their credit score, further reducing their credit scores.

However, there were customers with good things to say about Ace Cash Express. Some users asserted being able to get cash readily in times of emergencies; others commended the customer service and agents’ professionalism.

Overall, 76% of over 10,000 reviews on trust pilot gave Ace Cash Express an excellent rating.

Customer reviews on consumer affairs show complaints of scam calls or fraud attempts from people claiming to be Ace Cash Express; some reviews also mentioned that Ace Cash Express puts pressure on customers who cannot repay when due. There was also a Consumer Financial Protection Bureau (CFPB) case against Ace Cash Express for pressuring consumers into debt traps.

If you really need emergency cash and can afford to pay back the loan amount with the required interest rates, then you can give Ace Cash Express a try.

You should also be aware that Ace could share your personal information with third parties. As stated in their privacy policy, this could include your:

• Social Security number
• Checking account information
• Transaction history and income
• Credit history and assets.

Ace Cash Express claims there are no hidden fees or prepay penalties associated with their personal loans and that they are entirely safe and secure transactions.  However, it would be best to read their entire privacy policy to understand any exposure or rights reserved. To make the best use of their services but understand the underlying terms of use and conditions.

Final thoughts

This Ace Cash Express review has provided information on how best to apply for loans through the company.

You may want to check and assess your financial situation to determine if you really need a payday loan or installment loan. The loans are not suitable for rebuilding your credit and may require higher interest rates. You should only apply if you have a steady income that would enable you to repay the loan back.

It is also noteworthy that Ace Cash Express provides other financial services and products such as the prepaid debit card, check cashing, and tax filing services. This makes them a one-stop financial solutions provider. If you happen to be underbanked, they may be a good company for you to explore.

Credit cards may be a better option if you have access to them, or you can shop around with other short term personal loan lenders to see which company gives you the best interest rate.

While this review covers a lot of information about Ace Cash Express, you can get additional information about them on their site or find out how to contact their customer https://www.acecashexpress.com/customer-service if you need more information.

You can also reach out to Ace Cash Express if you need to settle disputes or resolve any concerns you may have with their products or services.