ACE Cash Express Installment Loans Reviews (2022) | SuperMoney (2022)

ACE Cash Express Installment Loans Review

ACE Cash Express Installment Loans is offered by ACE Cash Express Inc, a direct lender founded in 1968 and based in Irving, TX. ACE Cash Express Installment Loans is available in 5 states across the USA.

Key Takeaways

  • APRs starting at 91.52%. Personal loan interest rates typically range between 5% and 36%. The starting rates for ACE Cash Express Installment Loans are on the higher end of the spectrum.
  • Fast access to funds. In some cases, you can get your money within 1 business day*.
  • Small-dollar loans. ACE Cash Express Installment Loans has a maximum loan amount of just $2,000.
  • Cosigner applications accepted. Applying for ACE Cash Express Installment Loans with a cosigner can improve your chances of approval and help you qualify for lower interest rates.
  • Short loan terms. ACE Cash Express Installment Loans have loan terms as short as 1 month.

ACE Cash Express Pros & Cons

Pros Cons
  • $0 prepayment fee.
  • Considers applicants with fair credit.
  • Funding available within 3 business days.
  • Cosigners accepted.
  • APRs as high as 630.13%.
  • Charges an origination fee.
  • Short loan terms (maximum of 3 months).
  • Small loan amounts (maximum of $2,000).
  • Do not offer pre-approval with soft credit pull.
  • ACE Cash Express Installment Loans does not report to credit bureaus.
  • Charges a late fee.

ACE Cash Express FAQ

What interest rates and personal loan terms does ACE Cash Express offer?

ACE Cash Express has higher than average interest rates for lenders reviewed on SuperMoney.

What interest rates does ACE Cash Express offer?

ACE Cash Express offers a fixed APR personal loan product that ranges from 91.52% APR up to 630.13% APR.

How much can you borrow via ACE Cash Express?

Business loan amounts start at $100 and go up to $2,000.

What is the maximum loan term you can get with ACE Cash Express?

ACE Cash Express offers loans with terms of up to 3 months.

ACE Cash Express Interest Rates & Loan Terms
Personal Loan Amount $100 - $2000
Loan Term 1 - 3 months
APR 91.52% - 630.13%

What fees does ACE Cash Express charge?

Does ACE Cash Express charge an origination fee?

ACE Cash Express may charge a personal loan origination fee.

Does ACE Cash Express charge a late fee?

No, ACE Cash Express will not charge you a late fee if you miss one of the monthly payments.

Does ACE Cash Express charge prepayment fees?

No, ACE Cash Express does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.

ACE Cash Express Fees
Origination Fee No
Prepayment Fee No
Late Payment Fee No

What do you need to qualify for ACE Cash Express Installment Loans?

The minimum age to be eligible is 18 or the state minimum, whichever is higher.

ACE Cash Express Installment Loans does not have or does not disclose a minimum annual income eligibility requirement. ACE Cash Express Installment Loans will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. APRs for the ACE Cash Express Installment Loans product fall outside of the MLA limits, and as a result, the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by ACE Cash Express Installment Loans. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Applicants must have an active and valid personal checking account
  • Proof of income
  • Driver's license
  • Government issued photo ID
  • Proof of citizenship or residence permit
  • Proof of residence
  • U.S. tax identification number
ACE Cash Express Eligibility Criteria
Minimum Age 18
Bank Account Required? Yes
Application Types Accepted
  • Cosigners
  • Credit Score 300 - 640

    What is the estimated funding time for a personal loan via ACE Cash Express?

    ACE Cash Express will typically approve (or deny) a loan application within 1 hour and fund loans within 3 business days of approval.

    Is ACE Cash Express Inc a legit company?

    ACE Cash Express Inc was founded in 1968, it is a well-established company that has been in business for 54 years.ACE Cash Express Installment Loans are mostly not recommended by SuperMoney community users.

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    Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

    Message From ACE Cash Express Inc

    At ACE, we make it easy to get access to financial services you need when it matters. We offer a broad range of financial products and services, including short-term loans, card services, check cashing, money transfers, bill payments, and money orders. Since 1968, we’ve been here to help you create a better financial future. Traditional banks aren’t the only way to manage your finances. ACE knows that money is a very personal topic—and the way you manage it is up to you. You may choose to avoid traditional banks, credit unions, and other similar financial institutions entirely or you might choose to use a mixture of traditional and alternative financial service providers.

    Payday loans at ACE are a simple, fast, and dependable way to apply for cash as soon as you need it. You can use a payday loan, sometimes called a cash advance, to help pay for emergencies and other unexpected expenses. At ACE you can apply for what you need right now and pay it back on your next payday. Depending on your state, you may be able to visit a store or apply online to get started. If approved, depending on your state, you may be able to take home cash today in-store, or have the money deposited into your bank overnight.

    Message From Our Editor

    What we love about ACE Cash Express Loans personal loan

    ACE Cash Express loans give people with poor credit a chance to get a loan. Their flexible eligibility requirements can be a lifeline for borrowers who don't qualify for loans with lenders that only consider people with a good credit history. ACE Cash Express offers both payday loans and installment loans, which can help borrowers budget better because they have regular and predictable payments.

    What could ACE Cash Express Loans do better?

    The fees and interest rates charged by ACE Cash Express loans are extremely high. To make things worse the cost of borrowing with ACE Cash Express is not as clear as it could be when you are checking their website.

    Ace Cash Express Loans's backstory

    ACE Cash Express, Inc. is a leading financial services provider, specializing in short-term consumer loans, bill pay, and prepaid debit card services, as well as the largest owner-operator of check cashing stores in the United States. The first store opened in Denver, Colorado in 1968 as a way to offer basic financial services that emphasized convenience and service. The growing chain was purchased by The Associates: a diverse financial services company headquartered in Irving, Texas.

    The Verdict

    ACE Cash Express provides a wide selection of lending options to people with less than great credit scores. However, this company specializes in payday and short-term installment loans, which have high interest rates. Only consider lenders with interest rates as high as ACE Cash Express when you are sure you don't qualify for better alternatives.

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