ACE Cash Express payday loans review June 2018 | finder.com

ACE Cash Express Payday Loans

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Apply for a payday loan through ACE Cash Express and look forward to funding quickly

ACE Cash Express has more than four decades of experience and offers an array of financial services from over 1,000 locations in the US.

ACE Cash Express offers payday loans, installment loans and titles loans. They also offer an umbrella of services, including prepaid debit cards, auto insurance, check cashing, bill payments, money orders, money transfers, tax services and business services.

Min Loan AmountVaries by state
Max. Loan AmountVaries by state
Loan TermVaries by state
Loan SecurityUnsecured
Turnaround TimeGenerally receive the money the next business day
CostsVaries depending upon the state where you reside.
RequirementsMust be 18+ years old, have a steady source of income and a checking or savings account. Must not be a debtor in bankruptcy.

Pros

  • Apply online in minutes.
  • Get an instant decision.
  • Fast cash available.

Cons

  • Online Payday loans available in select states only.
  • Must have a steady source of recurring income payments.
  • You must reside in the state you choose for your loan application.
  • You must be at least 18 years old.
  • You must not currently be a debtor in a bankruptcy case.
  • You must not be a regular or reserve member of the military.

States where ACE Cash Express does not offer loans:

  • Alaska
  • Arkansas
  • Arizona
  • Connecticut
  • District of Columbia
  • Georgia
  • Hawaii
  • Illinois
  • Iowa
  • Kentucky
  • Maine
  • Michigan
  • Maryland
  • Massachusetts
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New York
  • North Carolina
  • North Dakota
  • Pennsylvania
  • Rhode Island
  • South Dakota
  • Utah
  • Vermont
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

What types of financing are available through ACE Cash Express?

ACE Cash Express gives you the ability to apply for different kinds of loans depending on your needs. In an attempt to help their customers, ACE Cash Express gives a 72-hour refund period. If you change your mind, you can return your loan with no penalty.

  • Payday Loan. Payday loans are a type of short-term loan where you repay the interest and principle in one lump sum, usually within two to four weeks. The amount you can borrow is limited by your financial situation and your state of residence, but you can expect funding less than $500. This type of loan is good for emergencies and unexpected bills, not for any long-term structural problems.
  • Installment Loan. These loans can be ideal for people who need more time to repay their loans than offered by payday loans. The repayment schedule is usually stretched between three to six months, and monthly payments are much smaller than the lump sum due with a payday loan.
  • Title Loan. You can use your car to get a title loan from ACE Cash Express based on your car’s appraised value. You make payments toward this loan in installments, and because it’s secured by the title of your car, the interest rates are generally lower than with payday or installment loans.

Debit card loans

ACE Cash Express offers loans that can be loaded onto an ACE Elite™ Visa® Prepaid Debit Card. If you’re a first-time borrower, it’ll take 7 to 10 business days to receive the card in the mail after you request one online. Once you have your ACE Elite™ Visa® Prepaid Debit Card, you’ll generally receive your loan amount on the card within 1 business day.

What are the benefits of borrowing from ACE Cash Express?

ACE Cash Express payday loans offer a number of beneficial features. When comparing loans, keep the following in mind.

  • 72-hour guarantee. Your ACE Cash Express payday loan comes with a 72-hour satisfaction guarantee. You can return the loan amount within 72 hours if you change your mind at no extra cost.
  • Quick process. Applying for a loan takes no more than a few minutes, and you find out about your application status soon after. If they approve your loan application, you can visit an ACE Cash Express store to collect your loan on the same day or wait for it to transfer into your bank account by the next business day.
  • No collateral. Payday and installment loans are unsecured, so you don’t have to worry about providing collateral. If you choose to apply for an auto title loan, you’ll be borrowing against the title of your vehicle.
  • Paying the loan early. You can pay your loan off ahead of time without penalty. In certain states, you may even be eligible for a complete or partial refund of applicable loan fees.
  • No faxing. ACE Cash Express relies on online verification of credentials so you don’t have to fax any ID or financial documents as part of the application process.

Costs to consider

Depending on your state of residence, your current financial situation and the type of loan you apply for, you’ll be charged different fees and interest rates. Like all lenders, ACE Cash Express presents you with a loan agreement that requires your acceptance before disbursement of funds. This document gives you a clear picture of all associated costs. If you don’t like the terms, you’re under no obligation to sign.

You don’t have to pay to apply for an ACE Cash Express payday loan, and you have up to 72 hours to return the loan amount without penalty.

The loans offered by ACE Cash Express have higher interest rates than traditional loans from a bank or credit union. If you don’t think you’ll be able to make timely payments, avoid taking out a loan. Late or missed payments often incur additional fees and could have a negative impact on your credit score.

How do ACE Cash Express payday loans compare?

Rates last updated June 24th, 2018
Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
Name Product Product Description Max. Loan Amount Turnaround Time Requirements
Check into Cash Payday Loan
With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.
$1,000
1–2 business days
You must be at least 21 and an American citizen and have a bank account, email address and phone number.
LendUp Payday Loans
LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see if available in your state.
$250
generally receive the money the next business day
Be 18+ years of age and have a checking account that can accept electronic transfers.
CashNetUSA Loan
Apply for a short-term loan with an easy online application and dedicated customer service.
Varies by state
1 business day
You must be a US citizen or permanent resident, be at least 18 years old and have regular income and a bank account.
ACE Cash Express Payday Loans
Quick payday, installment and title loans with no prepayment penalty and a 72-hour satisfaction guarantee. Funds can be loaded on an ACE Elite™ Visa® Prepaid Debit Card.
Varies by state
Generally receive the money the next business day
Must be 18+ years old, have a steady source of income and a checking or savings account. Must not be a debtor in bankruptcy.
LoanByPhone Payday and Installment Loans
This mobile lender offers convenient cash loans. Apply online or by phone.
$3,000
1–2 business days
Must be 21 years old and have a Social Security number, a regular source of income, a valid email address, an active checking account and a phone number.
BadCreditLoans.com
With straightforward, simple qualifications, these loans offer easy approval for people with poor credit.
$5,000
Varies
Depending on lender requirements, people from all 50 states may not be eligible for a personal loan.

Compare up to 4 providers

Are ACE Cash Express loans safe?

Yes. ACE Cash Express is a member of the Financial Services Centers of America (FISCA) and the United States Hispanic Chamber of Commerce (USHCC). These organizations believe in fair lending practices and complete disclosure.

With ACE Cash Express, all applicable fees and charges are listed in the beginning on your loan contract so you don’t have to worry about any hidden costs.

In addition to its lending practices, it runs the ACE Community Fund, a corporate giving program founded in 2004. ACE Cash Express has donated over $5 million to charitable organizations aimed at helping children, supporting education and promoting financial literacy. If you take out a payday loan with its Pink ACE Light Visa Prepaid Debit Card, you can show your support to the National Breast Cancer Foundation. A portion of each purchase made with this card is donated to the foundation.

Read more about ACE Cash Express’s policies here

How to apply for a payday loan from ACE Cash Express

Applying online takes around 5 to 10 minutes. Before you start your application, make sure you meet the eligibility criteria listed below:

  • Be at least 18 years old
  • Have a steady source of income
  • Have an operational checking or savings account
  • Uninvolved in bankruptcy
  • Must not reside in one of the following states: AK, AR, AZ, CT, DC, GA, HI, IA, IL, KY, MA, MD, ME, MI, MT, NE, NH, NJ, NY, NC, ND, NV, PA, RI, SD, UT, VT, WA, WV, WI, or WY.

To complete the application, you will need to provide additional information, including:

  • Your complete name, address, home phone number and email
  • Your date of birth, government-issued ID and Social Security number
  • Details about your income

Are payday loans legal in your state?

Hover over your state of residence (or click on your state if you’re using a mobile device) to find out if payday loans are legal in your state.

Frequently asked questions

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12 Responses

  1. Default Gravatar
    MaribethJune 20, 2018

    How to claim my loan if you approve my loan …

    • finder Customer Care
      joelmarceloJune 21, 2018Staff

      Hi Maribeth,

      Thanks for leaving a question on finder.

      Once ACE Cash Express approves your application, you can receive funds on the same day by visiting an ACE Cash Express store, or you can wait for the money to transfer into your bank account on the next business day. To start your application, please go HERE.

      Cheers,
      Joel

  2. Default Gravatar
    OnlineJanuary 9, 2018

    I was Contacted by someone at Ace Cash express said I was approved for a loan I need my online banking username and password is this a legitimate site and are they supposed to be accessing my username and password

    • finder Customer Care
      RenchJanuary 9, 2018Staff

      Hi,

      Thanks for reaching out to us. Please note that we are not affiliated with ACE Cash Express or any company we feature on our site and so we can only offer you general advice.

      ACE Cash Express has more than four decades of experience and offers an array of financial services from over 1,000 locations in the US.

      Payday lenders ask for your Internet banking details because it gives them a way to access your statements. This is one way payday lenders are able to process your payday loan application much faster than banks. Instead of you emailing your bank statements from the past three months, you provide your logins and the lender can access them instantly.

      When you hand over your login details, the payday lender you’re applying with will use a third-party company to access read-only copies of your statements. The payday lender will not have access to your account; it will only be able to see the information it needs to approve your application.

      Most lenders will still let you send copies of your statements as PDFs through email to be verified manually. Keep in mind that this process usually lengthens the turnaround time by a few days, so the “quick turnaround time” that is usually the lure of paydays will be lost. However, if you are concerned about handing over your Internet banking logins, find a lender that offers this option.

      Hope this information helped.

      Best regards,
      Rench

  3. Default Gravatar
    RobinDecember 22, 2017

    I applied online for a loan Friday morning will it be in my account Saturday morning

    • finder Customer Care
      RenchDecember 23, 2017Staff

      Hi Robin,

      Thanks for your inquiry. Please note that we are not affiliated with ACE Cash Express or any company we feature on our site and so we can only offer you general advice.

      If you are referring to ACE Cash Express payday loan, you can find out about your application status soon after applying online. If they approve your loan application, you can visit an ACE Cash Express store to collect your loan on the same day or wait for it to transfer into your bank account by the next business day.

      I suggest contacting ACE Cash Express directly to further inquire about your application.

      Cheers,
      Rench

  4. Default Gravatar
    TraceyJune 13, 2017

    If I paid my loan on time and everything is the same can I do another loan?

    • finder Customer Care
      HaroldJune 15, 2017Staff

      Hi Tracey,

      Thank you for your inquiry.

      Typically, you can only have one loan out at a time, so you would need to pay it and close it before taking out another. Please remember “requirements” may vary by your state of residence so be sure to conform with Ace when you apply.

      I hope this information has helped.

      Cheers,
      Harold

  5. Default Gravatar
    MaudieJune 1, 2017

    Do assist clients who receives social security? And receive a check once a month.

    • finder Customer Care
      AnndyJune 18, 2017Staff

      Hi Maudie,

      Thanks for your question.

      ACE Cash Express handles clients who are receiving benefits on a case-to-case basis.

      Alternatively, you can check this page to compare lenders that may consider you for a loan.

      Cheers,
      Anndy

  6. Default Gravatar
    SuzzaneFebruary 28, 2017

    Can you get a loan on an efile tax return?

    • finder Customer Care
      HaroldJuly 19, 2017Staff

      Hi Suzzane,

      Thank you for your inquiry.

      While most lenders do not consider efile tax return as a source of income. You may want to review the list of lenders here as well as the requirements they usually require. This will help you to compare the offers and choose the lender that has the best match based on your personal criteria.

      I hope this information has helped.

      Cheers,
      Harold

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