ACE Cash Express Review

Rating: 3 / 5.0

Good for: Bad Credit Loans, Fast Cash, Easy Approval, Installment Loans, Small Loans, Payday Loans

ACE Cash Express Overview

ACE Cash Express is one of the leading providers in financial services that specializes in payday loans and installment loans. They also offer bill pay, prepaid debit card, and check cashing services at all of their 900+ locations nationwide. Since their founding in 1968, ACE Cash Express has had one goal in mind, offering alternatives to the traditional banking relationship. By providing convenient and immediate access to their financial services, ACE has earned the loyalty of millions of customers throughout their 50 years of operation.

ACE makes getting the money you need, no matter what you end it for, quick and easy. Their streamlined loan application process cuts down on the approval time so you can be approved for a $5,000 loan and have the money within 1 business day. If you’re in a financial bind, ACE can help solve your financial woes.

Services Provided

ACE Cash Express is a premier provider of unsecured personal loans and lines of credit. ACE Cash Express has over 900 locations in nearly 23 states where they offer their payday and installment loan lending services. For more information about finding an ACE Cash Express location near you, check out their store locator page here.

ACE Cash Express Payday Loans

Payday loans are essentially cash advances on your next paycheck masquerading as a loan. If you have bad credit, or no credit, and need money fast, payday loans are some of the easiest loans to qualify for. They’re a form of secured loan that requires you to hand over a post-dated check for the amount of the loan or set up a scheduled debit from your bank account. Bear in mind, there may be additional fees as lenders bear all the risk with these short term loans.

ACE Cash Express Installemnt Loans

Installment loans, also known as personal loans or signature loans, are a type of unsecured loan that doesn’t require any collateral or a traditional credit check for approval. They’re called installment loans because the loan amount is broken up into equal payments over the duration of the loan. This simplifies repaying your loan since you can set up autopay and forget about it. Just remember to keep your bank account above that payment threshold so you don’t incur fees for insufficient funds from both your bank and ACE Cash Express.

How to Apply for an ACE Cash Express Loan

ACE Cash Express has simplified their loan process so you can get the money you need by the next business day. It’s as easy as 1-2-3. All you have to do is apply online, over the phone, or at a local store and you’ll get an instant loan decision. If you’re approved, you’ll get cash in hand (if you’re at a store) or have the money within 1 business day! When you’re ready to apply, be sure to have the information below handy.

Loan Application Requirements

  • Government Issued ID
  • Proof of Income (Most recent pay stubs)
  • Open & Active Checking Account (Over 30 days)

ACE Cash Express Loan Details and Statistics

  • Loan Amount: $200 - $5,000
  • Loan Duration: Undisclosed
  • Collateral Needed: No
  • Interest Rates: 163% - 661%
  • Minimum Credit Score: N/A
  • Approval Time: Instant to Next Business Day
  • Loan Deposit Time: ~1 business day
  • Late Fees: Undisclosed
  • Insufficient Funds Fees: Undisclosed

ACE Cash Express Review

ACE Cash Express lives up to their name. They are, without a doubt, one of the fastest lenders we’ve reviewed. Most lenders take roughly one business day to approve your loan application and then roughly another business day to either cut a check or deposit it to your account. Not ACE. If you apply for one of their loans in person, you can have your money within a couple of hours. If you apply online, it can be there within one business day. If you need cash fast, they might be a great fit for you.

ACE Cash Express is also one of the longest operating short term lenders in business today. They've been offering premiere lending services since 1968 and have opened over 900 locations in over 20 states. They have to be doing something right to have reached that level of success.

They offer payday and installment loans from $200 - $5,000 which can generally cover any unexpected expense that might throw your finances into disarray. Whether you need to cover a phone bill or you want to start a home improvement project, you can get the money with ACE. One thing to keep in mind, however, is that their interest rates fall between 163% - 661% which are on the higher end of the spectrum. This may not be a problem if you plan on paying the loan off quickly, but if you don’t, you’ll end up spending a lot more money to pay it off.

Ace Cash Express BBB Rating

Ace Cash Express is not accredited with the BBB and they have an A+ BBB rating, but a 1.25 BBB review score from 16 customer reviews on the Better Business Bureau website. There have been 218 BBB complaints against Ace Cash Express, but all of them have been answered or resolved.

Is ACE Cash Express Good For You?

We’ve said it once and we’ll say it again, payday loans are never good for you or your finances. It doesn’t matter what lender you’re talking to, it doesn’t matter what promises they make, or how obfuscated their rates and terms are, payday loans are never in your favor. It’s as immutable of a fact as gravity or how Lebron will have to carry the Cavs kicking and screaming into the post-season. They are built to put you in debt and keep you in debt so you keep borrowing from the same lender. Don’t apply for one. Apply for installment loans instead and if you can get a competitive interest rate with ACE, then they’re good for you.


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