ACE Cash Express is a financial services retailer based in Irving, Texas, with over 1,400 locations throughout the United States. ACE is the largest owner-operator of check cashing stores in the United States and has been in business since 1968. Although payday loans and check cashing are its main products, it also provides installment loans, title loans, auto insurance and prepaid debt cards.
How Does ACE Cash Work Express?
ACE Cash Express offers installment loans of up to 9 months, depending on which state you live in. The application form can be filled in online and approval (or denial) is instant. ACE acts as a direct lender in all states except Texas and Ohio where it matches applicants to lenders within its database for a commission.
The eligibility requirements are minimal. You only need a bank account that has been open for at least a month, a valid telephone number and proof of your identity, place of residence and income. If approved, your money is deposited within one business day.
What Are ACE Cash Work Express Interest Rates?
Interest rates vary widely depending on how much you borrow and where you live because lending laws vary widely by state. The interest rates range from 211% to 890.40% APR. To illustrate, the interest on a $2,500 loan in California can be as “low” as 211.03% APR, while a $1,100 loan in Delaware costs up to 497.61% APR, and a 112-day $1,100 loan in Texas could climb up to 890.40% APR.
ACE provides a discount to clients willing to set up a recurring payment authorization with their bank. For example, a $400 loan in Texas will cost 477.19% APR with a recurring payment authorization and 890.38% APR without one.
How Much Money Can I Borrow from ACE Cash Work Express?
Loan amounts range from $200 to $2,500. California is the only state where $2,500 loans are available. In the rest of the states where ACE Cash Express operates the maximum amount is $2,000.
Which States Does ACE Cash Work Express Operate In?
ACE Cash Express operates in Delaware, Missouri, New Mexico, Ohio, South Dakota, Texas and California.
What Is ACE Cash Work Express Application Process Like?
The application process is fast, even for an online lender. Fill in a short application form and you will receive a reply to your loan request instantly. The entire process is done electronically without the need for faxing or mailing documents. There is no application fee and funds are usually deposited within 24 hours.
How Is ACE Cash Work Express Better Than Other Lenders?
ACE Cash Express offers fast loans to people with bad or no credit. It has over 45 years' experience, more than 1,400 locations in the United States, and is fully licensed in the seven states it operates. Applicants know whether they qualify for a loan instantly and the interest rates schedule is clearly stated on the website. Payments can be made through bank transfers and applicants who change their mind can cancel a loan within 48 to 72 hours without being charged any interest or fees.