ACE Cash Express Loans is there for you when you need it most. They are a company that’s been helping people in financial crises for years. If you require quick cash, you can count them as one of your options. We’ve all been in a place before when we need to make rent, pay bills, or fix up our car. Life throws us unexpected curve balls all the time. It’s good to know that there are many loan options out there.
When considering a loan company, you must understand all the terms. A contract is legally binding, which is why you need to consider who you sign with carefully. We’ve dug deep to discover if ACE Cash Express is worth signing with or not.
What Are Payday Loans?
Payday loans are useful if you need a short-term loan and can pay it back by your next paycheck. A payday loan can be helpful if you’re concerned about paying rent, bills, or other small purchases. The only difference is that you’d be paying an interest charge on loan.
This interest charge can range, and sometimes you could end up paying more than twice what you borrowed. But, that option is better than missing a payment on a bill. Either way, carefully consider a payday loan and if you can repay it.
What Are Installment Loans?
If you need instant cash and can’t pay off the loan by your next paycheck, you can get an installment loan. Installment loans work similarly to payday loans, except you’ll have more time to pay off the loan and interest.
They have lower interest rates as well, but remember that the interest will build up after time. They are an excellent alternative to payday loans if you don’t think you can afford to pay back the loan in 1-2 paychecks.
How Does the Borrowing Process for Ace Cash Express Work?
ACE Cash Express works to make the loaning process as hassle-free as possible. There are three easy steps to getting the funds you need quickly. First, you need to fill out their online form.
Their application process can take less than 30 minutes to fill out online. If you don’t want to input your online information, you can either apply it by phone or at an ACE store near you. However, they don’t have physical stores in each state.
After you fill out your application, you will need to wait to be approved. If you are, then you can accept the terms and rates of the loan. This will list the contract and interest rates. Lastly, if approved, you’ll get cash deposited into your account in less than 24 hours.
Is There a Minimum and Maximum to How Much You Can Borrow from Cash Express?
At ACE Cash Express, there are different loan amounts for each state. The company isn’t eligible in all states, so it’s best to see which states they cover. If you are approved, you can get a minimum ranging from $100 to $300 depending on what state you are in. As a maximum, this changes anywhere from $300 to $1,500.
As you can see, the amount varies a lot. To get an actual accurate estimate on how much you’ll get, check out their website. Their FAQ page lists the state’s maximums and minimum loan amounts if you click on the question, “Are payday loans available in my state? How much can I borrow?”.
What Are the Associated Ace Cash Express Loans & Fees?
Yes, the company does have a few different fees and interest rates, but they are different for each state. We’ve checked online, and we can’t seem to pinpoint any of the listed amounts. Luckily, we found out that you can see the additional charges and APR rates for the state you’re in when they propose a contract to you.
Non-payment and Late Fees for Ace Cash Express
If you don’t pay ACE Cash Express, you will get charged late fees and have additional interest/charges made to your account. We’ve encountered numerous problems getting information from this website for their rates/fees due to terms changing per state.