Speedy Cash vs Ace Cash Express
When you really need money fast, there are two options to which you can turn. One is a payday loan. The other is to get a cash advance. However, if you have never relied on either option before, it may seem confusing. Today we are going to breakdown Speedy Cash vs Ace Cash Express loans.
You want to ensure that you can get your money quickly but be able to pay it back when it’s due without issue.
When you need a cash advance, two companies are great for getting payday loans. SpeedyCash.com and AceCashExpress.com offer these loans. To determine which company is the better option for you to get your loan, it is important to explore the differences and similarities.
What Can You Expect from Speedy Cash?
Speedy Cash is a direct lender that offers payday loans. It provides those loans to individuals in 26 states throughout the United States.
You can get a loan from the company either by going online at SpeedyCash.com or in person. However, it’s important to note that availability of the loans depends on the state in which you live.
Of course, there are certain requirements you must meet to be eligible for a loan. You must be at least 18 years old, hold a valid ID, have proof of a steady income, a working phone number and an active checking account.
When you apply online at the company’s website, you can be quickly approved. Once you have approval, you can choose from a few different ways to receive your funds. However, it’s a good idea to avoid getting the prepaid debit card. This is because it includes extra fees, especially if you plan on using an ATM to withdraw your funds.
On average, you can expect the term for a payday loan from Speedy Cash to be around 14 days. After that period, you will be required to pay back the loan in its entirety, as well as any additional fees.
In the event that you are unable to pay within the required time frame, you may get the option of refinancing the loan. However, whether you are able to do that depends on the state in which you live.
If you choose to refinance, you will have to pay off any fees from the original loan. Then your principal amount will be placed into a new term, meaning you will have to pay the fees again.
A payday loan can often seem like an attractive option when you are in need of fast cash.
This can be especially when you run into an emergency situation. Actually though, it may not be the best choice. These types of loans can be extremely risky because they carry high interest rates and frequently include additional fees.
What Can You Expect with Ace Cash Express?
Ace Cash Express also offers you the option of applying for a payday loan. You can do so online at AceCashExpress.com and receive your funds overnight. The company has over four decades of experience and offers its services to more than 1,000 locations throughout the country.
However, unlike Speedy Cash, which offers its loans to 26 states, Ace Cash Express’ loans are only available to applicants in California, Florida, Idaho, Kansas, Louisiana, Minnesota, Ohio and Texas.
To qualify for a payday loan from Ace Cash Express, you must meet certain criteria. You must be at least 18 years old, must live in the state you choose in your application and must have a regular, steady source of income.
You cannot be a regular or reserve member of the military or currently be in debt or have a bankruptcy case.
Just like with Speedy Cash, there are additional fees and interest tied to the loan from Ace Cash Express.
However, you get a nice option of receiving a complete or partial refund of application loan fees if you pay back the loan early. This is a perk not offered by its competitor.
Additionally, there is no collateral required on your part because the loan is unsecured. That means you won’t have to worry about putting up something valuable, like your car. This is good in the event that you have trouble paying back the loan.
Which Loan is the Better Option?
In general, when you compare loans from Speedy Cash vs Ace Cash Express, the latter may just be the better option.
However, at the same time, Ace Cash Express’ loans are only available in eight states. If you reside in any of those in which it offers loans, you would be better off relying on Ace Cash.
The company even gives you the option of changing your mind within 72 hours without being penalized if you decide you don’t want the loan.
It’s important to do your research and know all the details about getting a payday loan.
Overall, there are many risks associated with this type of cash advance, so, depending on your particular circumstances, you might want to consider a different option. so when comparing Speedy Cash vs Ace Cash Express you may want to look at other alternatives before making a decision.
Wat Are Good Alternatives?
One good alternative is to get a smaller personal loan. You can visit PersonalLoans.com for loans from $1,000 to $35,000. They have a lending network to get you matched to the right personal loan for your credit score and situation.