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Businiess name:
Ace Cash Express
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Review by:
citysearch c.
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Review content:
They charge the largest fee to cash a check. If you do one of their payday loans, they have one of the highest interest rates. I had a loan from them and made two payments of $89 each and when I went to pay it off they still charged me the entire loan amount plus some interest. When I called them on that, I was told that since I signed up for the extended agreement they were really giving me a "break" on the fees. What is the point in paying on a loan if it does not change the principal amount at all? I might as well have just paid it off the first time and it would have saved me two payments of $89 that just went in their pocket. Oh well, if you are desperate their terms are easy and they will finance you easy. This particular place has changed banks and changed policies so much over the past 5 years that it is hard to keep up with what they are doing.
PROS: Easy to get a payday loan.
CONS: VERY HIGH interest rates.
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