Ace Cash Express

Ace Cash Express Review

What exactly is this Ace Cash Express thing?

Ace Cash Express is a provider of financial services that has been in business since 1968 and has its headquarters in the state of Texas. The following are the many financial services that are provided by Ace Cash Express:

  • Payday loans
  • Cashing checks and providing instalment loans
  • Title loans
  • Changing of Checks
  • Bill payment
  • Transaction by wire
  • Services including money orders and prepaid debit card options
  • How exactly does Ace Cash Express do its business?

This is a loan for a brief period of time that can assist you in covering expenses till you are paid. You can apply for a payday loan from Ace either in-store or online if you find yourself in a financial bind between now and your next paycheck. Now, let’s talk about the process of getting an instalment loan from Ace Cash Express.

This is a sort of loan that is paid back in predetermined amounts at regular intervals, often known as payments or instalments. The borrower is required to make a payment toward both the principal of the loan and the interest accrued on the amount that was borrowed with each and every instalment.

You can submit an application for an instalment loan from Ace Cash Express either online or in-store, provided that you meet the requirements for qualification. In contrast to the previous two options, a title loan requires some form of collateral in order to be approved. In order to be eligible for a loan of this kind from Ace Cash Express, you are required to put up your vehicle as collateral.

Who would benefit most from Ace Cash Express?

People who require only a modest amount of money for a short period of time in order to get by until their next paycheck can consider using Ace Cash Express. The application process is quick and simple, and there are not a lot of requirements placed on the borrower. However, because of the extremely high interest rates, Ace Cash Express is not a smart choice for a financial solution if you are looking for a larger loan.

Beginning Your Experience With Ace Cash Express

You can borrow money from Ace Cash Express either in-store or online through their official website. You can choose either option. Make sure that you are able to fulfil the Ace Money Loans conditions before you submit an application. Please continue scrolling down to the following section of our Ace Cash Express review article for further details.

The following is the application process for an online loan from Ace:

  • Please go to
  • Select the type of financial assistance you require, then go to the Application tab.
  • Following that, you will be required to submit a free application.

It is necessary to provide the following information:

  • Condition of the loan
  • Both your first and last name are required.
  • Postal address Electronic mail address and Telephone number
  • Date and time of birth
  • Number associated with social security
  • Do you lease or own your home?
  • Are you in the process of filing for bankruptcy, or are you thinking about doing so?
  • Information currently being used by the military

Following that, we will require some information about your financial situation. After your application has been evaluated, a decision regarding your eligibility to get a loan from Ace Cash Express will be made. When we were reading internet evaluations of Ace Cash Express, we came across a few instances in which potential borrowers confused prequalification with loan acceptance. Because of this, you need to make sure that you carefully read all of the confirmations that you receive about their application. This raises questions about whether or not Ace Cash Express understands the distinction between approval and prequalification.

Terms & Requirements

The following are the prerequisites for an Ace payday loan:

  • You have to be at least 18 years old to participate.
  • You are need to be a resident of the state in which you submit your application.
  • There are no pending bankruptcies and there are no plans to file for bankruptcy.
  • You are not allowed to be a serving member of any armed force.
  • You must need to have a reliable source of income (employed, self-employed, retired, disability income).
  • You are need to provide either a current social security number or an individual taxpayer identification number.
  • It is required that you have a bank account.
  • The qualifications for an Ace instalment loan are the same as their standards for their payday loans.

And the prerequisites for the title loan are as follows:

  • A title that is unambiguously in your name.
  • A legitimate photo identification card issued by the government
  • A reliable source of financial support

The smallest amount you can borrow for an instalment loan is typically around $150, while the most you can borrow is typically around $2,000; these numbers vary from state to state. In the states of Arizona, Louisiana, Oregon, Tennessee, and Texas, you can apply for a title loan with Ace Cash Express right in the store.

Every single Ace Cash Express loan comes with a satisfaction guarantee that lasts for three full days. This indicates that you have a period of three days and one night to repay the loan if you change your mind. If the loan is accepted, the money will be made accessible the following business day at the latest.

There is no minimum credit score requirement stated anywhere in the eligibility requirements for Ace Cash Express. On the other hand, they emphasize that a lengthy personal credit history is not a prerequisite for applying with them.

Rates & Fees

Due to the fact that Ace Cash Express provides customers with a variety of financial solutions, the company has established a range of interest rates and service costs.

You can learn more about the fees associated with online Ace loans by going to their website, opening the “Learn More” section, and then scrolling down to the part labelled “Licenses and Rates.”

After that, you will be prompted to select your state before you are able to examine the prices and fees. When compared to those of other lenders, the rates are quite steep. This was another point that was brought up in the reviews of Ace Payday Loans.

Privacy & Security

Your personal information, including the following, may be collected by Ace Checking Express:

  • Identifying information such as a Social Security number and checking account details
  • The history of transactions and revenue
  • A person’s asset profile and credit history.

Your information is used for both operational and marketing objectives related to our daily business. Call the Ace Check Cashing customer care hotline for privacy inquiries at 800-224-4338 to restrict the amount of times your personal information is shared with third parties.

User Reviews

Now, let’s take a look at some of the reviews that previous consumers of Ace Cash Express have left. On Trustpilot, where there are a total of 10,139 Ace Cash Express reviews, we will get the discussion started. The rating for this company is 4.5 out of 5. The following are some of the most important aspects that customers liked best about their Ace Cash Express loans:

  • The website was designed with the user in mind.
  • Ace Cash Express is a pleasant company to collaborate with.
  • Procedure that is quick and simple
  • Excellent source of funding in a pinch.

The following are some of the most often voiced criticisms regarding Ace Installment Loans:

  • Customers who requested loan renewals or refinancing were turned down by Ace Cash Express.
  • The interest rates are set at an excessively high level.
  • No wiggle room is given to consumers who are unable to make payments.

When consumers were going through difficult times financially, many of those who had taken out payday loans indicated their contentment with the loans’ convenient nature in the reviews that they had written. However, the charges were rather high, and as a result of the COVID-19 pandemic, several consumers were unable to make payments. Ace Cash Express is not an accredited business by Consumer Affairs; nevertheless, the company does have a profile on the website, which has a total of 333 Ace Cash Express reviews and a rating of 1.5 stars.

The common complaint about Ace Cash Express that can be found on Consumer Affairs is that the interest rates are excessively high and that the company gives its customers no wiggle room in the event that they are unable to make the required high instalments. In addition, the Better Business Bureau has awarded Ace Cash Express an A+ rating for their business profile. One star is the typical rating given by customers who have written reviews for Ace Cash Express on BBB.

We also looked into some of the complaints people had posted about Ace Cash Express on Reddit. In a similar vein, customers complained about the excessive costs that Ace Check Cashing and payday loans charge. There were a number of complaints lodged against Ace Cash Express by consumers who were unable to make the payment on time.

Scams involving Ace Cash services were discussed in a few of the entries. People who had never taken out a loan from Ace Cash Express received a phone call or email informing them that their loan had to be paid off. Phishing was almost certainly what was going on here. Additionally, it is important to remember that Ace Cash Express was a party to a case filed by the Consumer Financial Protection Bureau (CFPB).

Alternatives to Ace Cash Express Options

How does Ace Cash Express stack up against the competition when it comes to lending?

Compared to BadCreditLoans is Ace Cash Express.

As an additional service, BadCreditLoans provides short-term loans with amounts ranging from $500 to $5,000. In contrast to Ace Cash Express, they offer more competitive interest rates, ranging from 5.99% to 35.99%. If you make on-time payments toward the balance of the loan, you’ll be able to raise your credit score, which is another perk of this arrangement. Ace Cash Express does not provide loans for the purpose of developing credit. In most cases, getting a payday loan is not the best way to work on improving your credit score. Check out our assessment of the BadCreditLoans lending platform if you need assistance obtaining a personal loan while having poor credit.

In comparison to Even Financial, Ace Cash Express

Even Financial is a platform for lending that links borrowers with the most qualified lenders who are currently available. Even Financial is an excellent choice for borrowers because it provides personal loans for those with strong credit as well as those with poor credit.

The catch is that the predicted annual percentage rate that will be applied to the loan will vary depending on a number of factors, one of which is your credit score. Therefore, if you have poor credit, you can still apply for the loan; however, the rates will be higher.

The amount that you are allowed to borrow, beginning with a minimum of $1,000, is likewise more than the amount that you are permitted to borrow from Ace Cash Express. We recommend looking at our review of Even Financial if you want to learn more about this topic.

Final Verdict

Now that we’ve discussed what we liked and didn’t like about Ace Cash Express, let’s summaries our findings. The straightforward application procedure is included in the first category. All that is required of you is to complete out the free form that is available online on their website. You can get access to the money in as short as one business day. In-store application was another feature that won us over. By going to the site, you will have the opportunity to have an employee guide you through the process and address any questions or concerns that you might have.

One more feature that appealed to us was the possibility of borrowing a little sum. The vast majority of marketplaces offering online personal loans need borrowers to have a monthly income of at least $1,000 in order to qualify for a loan. You are able to receive as low as a few hundred dollars when you use Ace Cash Express. In addition to this, we like the fact that there is not a required minimum for the applicant’s credit score. If you have poor credit and are looking for a small loan that is unsecured, Ace Cash Express is a wonderful choice for you to consider.

The incredibly hefty fees are something that we did not appreciate. According to one of the reviews that we discovered for Ace Cash Express, the total amount that was paid in interest was greater than the amount that was actually borrowed. The annual percentage rate (APR) is typically close to 300%, which is a significant increase from the rate that is charged by most other online lenders. The bottom line is that if you are in a bind with bills and you do not meet the conditions for other sorts of short-term loans, then you should consider applying for one of these types of loans.

Check out our other assessments of the top personal loan firms if you don’t feel as though Ace Cash Express is the right choice for you.

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