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Ace Cash Express Overview

ACE Cash Express is a financial services company that provides its customers with an array of products and services. These include payday loans, installment loans, title loans, check cashing, bill payments, wire transfers, money orders, and prepaid debit cards. The company was founded in 1968 and is based in Irving, Texas. With over 850 stores in 22 states and the District of Columbia, ACE Cash Express is the largest check-cashing store owner and operator in the United States. It is also the country’s second-largest owner and operator of short-term consumer loan stores.

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  • Last Updated: September 26, 2023
Ace Cash Express Payday Loans

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Web Rating: -
★★★★★ 3.7/5

Features

  • Payday loans from ACE Cash Express range from $100 to $1,500.
  • Installment loans offered by ACE Cash Express range from $100 to $2,000.
  • Quick approval process with instant decisions.
  • Online and in-store application options for convenience.
  • Established and trusted direct lender with over 50 years of experience.
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Ace Cash Express: Comprehensive Overview

ACE Cash Express is a prominent financial services company with diverse offerings, including payday loans, installment loans, check cashing, prepaid debit cards, and money transfers. Since its establishment in 1968, the company has experienced remarkable growth, solidifying its position as one of the largest providers of these services in the United States.

Ace Cash Express Products & Services

Payday Loans: Ace Cash Express specializes in offering payday loans, a type of short-term loan that provides borrowers with fast access to cash when faced with unexpected expenses or the need to bridge the gap between paychecks. These loans are usually repaid within two weeks or on the next payday. Customers can apply for payday loans online or in-store and, if approved, receive the funds relatively quickly. However, payday loans often come with high-interest rates and fees, making them an expensive borrowing option.

Installment Loans: Ace Cash Express also offers installment loans. These loans enable borrowers to repay the borrowed amount in equal installments over a fixed period. The interest rates for installment loans are usually lower than payday loans, giving borrowers more flexibility in their repayments.

Title Loans: ACE Cash Express provides title loans in select states, allowing you to utilize your car’s title as collateral to secure a cash loan, typically a percentage of your vehicle’s value. The loan amount is determined based on the appraisal of your car and your ability to repay the loan. Repayment, including fees, is spread over several months, but specific terms vary depending on your state of residence. 

Check Cashing: Ace Cash Express is also known for its check-cashing services. Customers can bring their checks, including payroll, government, and personal checks, to Ace Cash Express locations and have them cashed for a fee. This service benefits individuals who may not have access to traditional bank accounts. The fee varies depending on the amount of the check and the state in which the check is being cashed.

Prepaid Debit Cards: Prepaid debit cards from Ace Cash Express are a convenient alternative to traditional banking, enabling users to make everyday purchases, shop online, pay bills, and withdraw cash from ATMs. These cards can be reloaded with funds, giving users greater control and flexibility over their finances.

Money Transfers: Ace Cash Express offers a money transfer service for a fee, allowing customers to send and receive money domestically and internationally. This service is a secure way for individuals to transfer funds to friends, family, or businesses located in different regions.

Money Orders:  ACE Cash Express offers a reliable and secure transfer method through their money order service. You can purchase money orders with cash, which ensures the safe delivery of funds. While a fee is involved, the specific amount will be disclosed during the purchase process and may vary depending on your state.

Bill Payment: If you need help paying your bills on time, ACE Cash Express can assist you. They offer payment services for various bills, such as auto, mortgage, rent, credit cards, phone bills, utilities, cable, satellite, and insurance. Note that this service comes with a fee.

Ace Cash Express: Payday Loans

ACE Cash Express offers payday loans as a financial solution for individuals facing unexpected expenses or financial emergencies. Payday loans are short-term loans designed to provide quick access to cash, which borrowers are expected to repay on their next payday. These loans can help cover immediate expenses such as medical bills, car repairs, or other urgent financial needs.

Key Features of ACE Cash Express Payday Loans

Loan Amounts: At ACE Cash Express, the loan amounts for payday loans typically range from $100 to $1500. The amount is determined by state regulations and the borrower’s income.

Application Process: ACE provides two application options for payday loans. Borrowers can apply online through their website or visit one of their physical storefront locations to apply in person.

Quick Approval and Disbursement:  ACE Cash Express offers a fast and efficient approval and disbursement process for payday loans. When applying online, borrowers typically receive an instant decision on their loan application, and if approved, the funds are usually deposited into their bank account by the next business day.

For applicants who choose to apply in-store, ACE Cash Express provides an instant decision on the loan application. If approved, the loan amount will be disbursed in cash immediately at the store location. This allows borrowers to have immediate access to the funds they need.

Whether applying online or in-store, ACE Cash Express prioritizes a quick and convenient process to give borrowers timely access to the required funds.

Loan Repayment: Repayment of a payday loan from ACE Cash Express is typically due on the borrower’s next payday. The repayment includes the borrowed principal, applicable fees, and interest charges. ACE may opt to automatically deduct the required amount from the borrower’s bank account on the designated due date to facilitate repayment. Alternatively, borrowers also have the option to make a cash payment at one of ACE’s physical storefronts, providing flexibility in how the loan can be repaid.

State Regulations: Payday loans are subject to state regulations, which vary across different states. The loan terms, maximum loan amounts, fees, and repayment periods may differ based on the state where the borrower resides. ACE Cash Express adheres to the specific laws and regulations of each state in which they operate.

State Availability: ACE Cash Express provides payday loans in select states, and the availability of these loans may vary depending on your location. Here are the current ranges for payday loans offered by ACE Cash Express in specific states:

Payday Loans Online:

• California: $100 – $255

• Idaho: $100 – $1,000

• Kansas: $100 – $500

• Louisiana: $100 – $300

• Minnesota: $100 – $500

• Texas: $100 – $1,500

Payday Loans In-store:

• California: $100 – $255

• Florida: $100 – $500

• Indiana: $50 – $715

• Kansas: $100 – $500

• Louisiana: $100 – $300

• Minnesota: $100 – $500

• Missouri: $100 – $500

• Oregon: $100 – $300

• South Carolina: $100 – $550

• Tennessee: $100 – $425

Ace Cash Express: Installment Loans

ACE Cash Express offers installment loans as part of its financial services. An installment loan is a type of loan that allows borrowers to repay the borrowed amount over a fixed period in regular installments. This gives borrowers more flexibility and manageable repayment terms than short-term payday loans.

Key Features of ACE Cash Express Installment Loans

Loan Amounts: ACE Cash Express offers installment loans ranging from $100 to $2,000, depending on the borrower’s eligibility and the state regulations. The loan amount you qualify for will be determined based on factors such as your income and creditworthiness.

Repayment Term: The repayment term for ACE Cash Express installment loans can vary, with durations typically ranging from a few months up to 14 months, depending on the state you reside in. This extended repayment period allows borrowers to spread their repayments and budget more effectively.

Application Process: To obtain an installment loan from ACE Cash Express, you must apply either online through their website or by visiting one of their physical stores. The application process is relatively straightforward, requiring you to provide personal and financial information.

Quick Funding: Once approved, ACE Cash Express strives to offer speedy access to funds. Following the approval of your installment loan application, the funds are usually transferred directly to your bank account on the next business day.

Interest Rates and Fees: The rates and fees for ACE Cash Express installment loans are subject to variation based on factors, including the loan amount, repayment term, and state regulations.

Credit Consideration: ACE Cash Express considers credit history when reviewing loan applications but also offers options for borrowers with imperfect credit. The credit requirements for each loan product may differ depending on the state regulations.

State Availability: ACE Cash Express offers installment loans in certain states, and the availability of these loans may differ based on where you live. The loan options and amounts available can also vary depending on your state. Here’s a state-by-state breakdown of the installment loan options that ACE Cash Express currently offers:

Installment Loans Online:

• Delaware: up to $2,000

• Florida: $100 – $1,000

• Missouri: $100 – $2,000

• Texas: $100 – $2,000

Installment Loans In-store:

• Colorado: $100 – $1,000

• Florida: $100 – $1,000

• Louisiana: $400 – $700

• Missouri: $100 – $2,000

• Ohio: $100 – $1,000

• Oklahoma: $50 – $700

• Texas: $100 – $2,000 (excluding Austin and Dallas)

• Virginia: $100 – $1,000

 

The payday and installment loans offered by ACE Cash Express may differ in availability and terms depending on your state. For the most accurate and up-to-date information, visiting their website or contacting customer service is recommended. Note that state regulations may impact availability and terms; therefore, verifying the loan product’s availability and specific details in your state is advisable before applying.

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Eligibility Requirements

Applicants must fulfill certain basic requirements to qualify for an installment or payday loan with Ace Cash Express. These requirements comprise:

  • Age

    The applicant must be at least 18 to apply for an installment or payday loan.

  • Income

    A steady and verifiable income source with recurring payments is necessary to demonstrate the ability to repay.

  • Residency

    To apply for the loan, the applicant must be a resident of the United States and live in the state where they are applying. A valid home address and contact details are also required.

  • Identification

    A valid social security number or individual taxpayer identification number is required to verify the applicant's identity.

  • Bank Account

    An active checking or savings account is necessary, and it should have been open for at least one month to facilitate loan transactions and repayments.

Ace Cash Express Details

Safety
256 Bit SSL Security.
Lender Type
Direct State Licensed Lender
BBB Rating
No Rating
APR
65.35% – 1409.36%.
APR range may vary depending on the state law and the type of loan.
Credit Score
300 above
Loan Amount
Payday loans range from $100 – $1,500.
Installment Loans range from $100 – $2,000.
The amount may vary depending on the state law.
Loan Term
Payday loans 14 to 30 days.
Installment Loans up to 14 months.
The duration of your loan may be influenced by the state laws.
Origination Fees
Undisclosed
Time to Receive Funds
Same day or next business day*

Unique Features and Benefits of Ace Cash Express Loan Products

ACE Cash Express offers several unique features and benefits with its loan products. Here are some key aspects that set them apart:

Variety of Loan Products: ACE Cash Express provides a range of loan options tailored to your specific financial needs. Whether you require a small amount of cash for a short duration or a larger sum with an extended repayment period, they offer payday loans, installment loans, title loans, and more. A payday loan is suitable for those seeking a quick, short-term solution. In contrast, an installment loan is ideal for individuals who need a larger amount and prefer to repay it over a more extended period. With ACE, you can select a loan product that aligns with your unique circumstances and repayment preferences.

Quick and Convenient Access to Funds: ACE Cash Express strives to offer speedy approval and disbursement procedures for their loans through online or in-store applications. Borrowers can expect to receive instant decisions on their loan applications, with funds typically deposited into their bank accounts as soon as the next business day. For in-store applications, borrowers can receive their loan amount in cash immediately. This quick access to funds can be valuable during financial emergencies or when immediate cash is needed.

Transparent Terms and Conditions: ACE Cash Express aims to provide transparency in its loan terms and conditions. Borrowers receive clear loan contracts that outline the loan amount, interest rates, fees, and repayment schedule. This transparency lets borrowers fully understand the terms before accepting the loan and helps them make informed decisions.

Satisfaction Guarantee: ACE Cash Express offers a satisfaction guarantee with their loans. Suppose you change your mind and cancel the loan within 72 hours. In that case, you can return the principal amount without incurring any fees or interest charges.

Multiple Ways to Apply: With ACE, you can choose between two convenient ways to apply – online or in-store. The online option is perfect if you prefer to apply from the comfort of your home. The in-store option is available if you’d like some face-to-face guidance and assistance. This flexibility ensures you can choose the best application method that suits your preferences.

Established Reputation: With over 50 years of experience in the industry, ACE Cash Express has built a reputation as a trusted provider of financial services. Their long-standing presence and extensive network of storefront locations across multiple states demonstrate their commitment to serving customers and meeting their financial needs.

APR, Fees, and Loan Term

The specific APR, fees, and loan terms for payday loans and installment loans offered by ACE Cash Express can vary based on factors such as your location, the loan amount, and state regulations. Note that payday and installment loans have different structures and repayment terms. Here’s a general understanding of how these aspects may apply:

Payday Loans:

APR: The annual percentage rate (APR) for payday loans can be high due to their short-term nature and quick access to funds. The exact APR will depend on your location and specific loan terms.

Fees: ACE Cash Express charges fees for payday loans, which vary based on the amount borrowed and state regulations. The fee is typically a fixed amount per $100 borrowed.

Loan Term: Payday loans are designed to be repaid on your next payday, typically within a few weeks or a month. The loan term is short, aligning with the borrower’s pay cycle.

The terms of payday loans from ACE Cash Express, including the APR, fees, and loan duration, depend on the state’s laws. Each state has its regulations regarding the maximum loan amount, fees, and duration of payday loans. Some states have specific rules that restrict the loan term and may also limit the loan amount and finance charges. Note that these laws can vary significantly from state to state.

For example, let’s consider a scenario where a borrower obtains a $300 payday loan with a fee of $20 per $100 borrowed for fourteen days. In this case, the total repayment amount would be $360, which includes the principal loan amount and associated fees. This loan’s annual percentage rate (APR) would be 521.42%.

Installment Loans:

APR: The APR of installment loans may differ depending on the loan amount, repayment term, and place of residency. Generally, installment loans have lower APRs than payday loans because they offer a more extended repayment period.

Fees: ACE Cash Express may charge origination or administrative fees on installment loans. These fees are determined based on the loan amount and the laws of the state in which you reside.

Loan Term: Installment loans have longer repayment terms compared to payday loans. The loan term can range from a few months to over a year, depending on the loan amount and state regulations.

States Serviced by Ace Cash Express

The state’s serviced may change without prior notice; visit the lender’s website for up-to-date information.

Frequently Asked Questions

Most frequently asked questions about Ace Cash Express

ACE Cash Express functions as both a direct lender and a credit services organization (CSO) or credit access business (CAB) in select states. Depending on the state, ACE Cash Express may either directly fund and service loans or act as an intermediary (CSO or CAB) to connect borrowers with third-party lenders. Reviewing the loan terms and state regulations is crucial to understand the role of ACE Cash Express in your area.

ACE Cash Express may review your credit history as part of the loan approval process, but they also consider other factors such as income and repayment ability. Your credit score may not be the sole determining factor for loan approval.

The loan amounts vary depending on your state of residence, income, and loan type. Payday loan amounts are typically smaller, ranging from $100 to $1,500, while installment loans can range from $100 to $2,000. Title loan amounts are based on the value of your vehicle.

Yes, ACE Cash Express provides online application options for certain loan types in select states. You can complete the application form on their website and receive an instant decision on your loan request.