More info about Ace Cash Express
Updated
Getting extra money always seems very easy, but it requires a bit of effort and research. So that you have a reliable option on your radar, this time we will inform you about the Ace Cash Express personal loans and it's locations near you.
About Ace Cash Express
The Ace Cash Express company was incorporated in Irving (Texas) in 1968, so it already has 50 years in the personal loan market.
Their statistics show that they have served more than 40 million customers, with more than 850 locations in the following states: Arizona, Arkansas, California, Colorado, District of Columbia, Florida, Georgia, Indiana, Kansas, Louisiana, Maryland, Minnesota, Missouri, New Mexico, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas and Virginia.
Requirements to get a fast credit from Ace Cash Express
Both in the online application and in person, they will ask you for some information and/or documents:
- E-mail
- Address
- Full name
- Phone number
- Date of Birth
- Purpose of the loan
- Social Security Number or ITIN
- If you are renting or own a property
- Official government issued ID
- Information about your military status (active or not)
- If you are in bankruptcy proceedings or intend to file for bankruptcy
Along with this, you also have to provide the corresponding financial information to complete the process, which may include:
- Account number
- Source of income
- Transaction history
- Vehicle ownership title (pink slip)
After they analyze your case, they give you approval or not. Keep in mind that prequalification is different from application. We tell you this because some users of the platform have confused these processes.
Fees and interest rate of Ace Cash Express Loans
This financial institution applies a series of fees that vary depending on the type of financing you want to contract. Thus, in the case of cash advances and payday loans, which are repaid in a single payment, there is a fixed fee of between $20 and $45, and a documentation fee of $10.
Installment loans carry an interest rate of 399%, but there are no fees of any kind.
For title loans, a 36% interest rate is charged, but there is also a $50 origination fee and a $20 documentation fee.
Types of personal loans at Ace Cash Express
We can say that Ace's product catalog is varied and offers you more than one solution to your money problems.
While they put at your disposal some banking services that can be very useful, we are going to focus on your personal loans. In this category, there are 2 important options:
Quick loans or payday loans
Payday loans are characterized by offering you small-dollar amounts, short terms and high interest rates.
They are usually recommended for a medical expense, a small emergency, an urgent repair, among other situations. The idea is to get that money you don't have and return it as soon as possible.
With Ace Cash Express you have 2 ways to apply for a payday loan: by going to one of its physical stores near you in the 22 states where they operate or by using the online form. The process in each case varies a bit and also depends on the state where you reside.
In general terms, we can describe them as follows:
In shop
It tends to be a simpler and faster process:
- You use the store locator to find the closest office to your location
- Once in the store, you deliver the documentation and they give you an answer in minutes.
- If you get approved, they give you the money right away for you to use at your convenience.
Online application
- Complete the form on their websitesite. It will take you a few minutes.
- After sending the data and documents that they ask for, they inform you about the decision on the same day.
- If approved, the money is deposited into your account the next business day (if eligible, you can pick it up immediately at a store).
Regarding the amount that you can request through this modality, the minimum is $50 (Indiana) and the maximum is $1,500 (Texas). The data we have on the repayment term indicates that you have between 8 and 35 days. Additionally, the CSO fee for these credits is $30 for every $100 you borrow.
Installment loans
These personal installment loans do not require collateral and give you more time to pay if you do not want to have the pressure of having to pay everything with your next check. In this case, the maximum amount you can request is up to $2,000 for most states (except CO, FL, IN, LA, OK and VA).
You also have the option to apply online or in person and this process will not affect your credit score. Ace Cash Express allows bad credit score and the interest rates varies based on term and amount. About the minimum requirements, we have already mentioned them above.
Ace Cash Express Reviews and Opinions
According to the sources we have consulted, the advantages are:
- Very friendly site
- Easy and fast services/processes
- It is a company with a simple process and in a few steps
- You can apply from a physical store
And the disadvantages are:
- Interest rates are a bit high
- Does not make concessions for those who cannot pay
- Customers have been denied the opportunity to refinance or renew
Additionally, they have a 4.6 stars on TrustPilot (10,000 reviews) and a 1.4 stars on Consumer Affairs (300+ reviews).
If you have already tried Ace Cash Express services, we encourage you to leave us an opinion about what your experience has been, to help other users.
Populus Financial Group, Inc. (Ace Cash Express), 300 E. John Carpenter Fwy, Ste. 900, Irving, Texas, 75062
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