ACE Cash Express Review

• Long history. The company has been in business since 1968 so this is an established company.

• National presence. They have over 800 stores in 22 states and the District of Columbia so they near you.

• High customer satisfaction. 4.5/5 stars on Google with over 210,000 reviews means the customers trust them.

• Licensed and regulated. As a licensed financial service provider they comply with all applicable laws and regulations so you can trust ACE Cash Express with your financial transactions.

• Loan amounts. For Payday Online, $100 to $1,500 and in-store $50 to $715. For Installment loans, $100 to $2,000. Amounts vary by state where the loan is applied.

• Interest rates. Short-term loans (payday loans) have higher interest rates than traditional bank loans. These rates are often a flat fee based on the amount borrowed but when calculated as an annual percentage rate (APR) they can be very high.

• Fees. Borrowers may encounter fees including origination fees (charged for processing the loan), late payment fees if payments are not made on time and possibly rollover fees if the loan is extended beyond the original term.

• State variations. Interest rates and fees are regulated by state so costs can vary greatly from state to state.

• Age and ID. Applicants must be at least 18 years old (varies by state) and have valid government-issued ID.

• Bank account. A checking or savings account is required for the loan deposit and loan repayment.

• Credit check. ACE Cash Express will do a credit check but will also consider applicants with bad credit.

• Application information. To apply for a payday loan applicants must provide personal information, proof of income, bank account information and contact information.

• Employment and income. Applicants don’t need to be employed but must have a steady source of income. This can be employment, retirement, social security or other income sources.

• Application process. Applications can be started online through the ACE Cash Express website or in person at one of their stores.

• Loan approval and funding time. Online loans may require verification of application information. Depending on the ability to verify this information loan funding may take up to 2 days.

• In-store cash pickup. In-store cash pickup of online loans is subject to approval pursuant to standard underwriting criteria and only available at ACE Cash Express locations in the state where the loan was originated.

ACE Cash Express offers several ways for customers to get their loan money so they have flexibility and options to meet the needs of their customers. One of the ways is instant funding to a debit card if available. This option allows approved applicants to get their loan money fast and convenient, often within 30 minutes of approval and verification but funding times may vary by bank. For those who prefer or need a physical transaction in-store cash pickup is another option. Customers can apply online and then visit an ACE Cash Express location in the state where the loan was originated to pick up the cash. They will need valid non-temporary government-issued ID. Having these options allows ACE Cash Express to serve their customers’ urgent financial needs by giving them access to cash through multiple channels.

• Payday Loans. Short term loans to cover unexpected expenses until next payday.

• Installment Loans. Larger loans repaid over time.

• Title Loans. Loans that use a vehicle as collateral and are based on the value of the vehicle.

• Prepaid Debit Cards. Reloadable debit cards to make purchases and withdraw cash from ATMs.

• Money Transfers. Send money to others.

• Bill Payments. Pay rent, utilities and insurance premiums.

• Check Cashing. Cash personal, business and government checks.