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SpeedyCash Reviews

SpeedyCash is a state licensed and regulated lender that has been providing payday loans services to customers since 1997. With operations covering the US, Canada, and the UK, it is committed to offering sensible loans that are convenient during emergencies. You can apply online or in-store, the money is immediately available upon approval and you can collect instantly at their widely spread storefronts. Website : www.speedycash.com    

Speedy Cash is a direct lender offering payday loan services. It was established in 1997 and it has expanded its operations to cover the US, Canada, and the UK. The company provides several types of loans which include; payday loans, title, installment , debit card loans and lines of credit. You can access the services both online and in their physical offices.

The lender claims to provide sensible and convenient short-term loans to deal with emergency expenses. In a bid to accomplish this, they allow approved borrowers to either collect the funds from a nearby office or request a direct deposit.

With both online and physical stores, SpeedyCash gives you the option to make an application either in an office or online. Whatever means you choose the service is quite fast with online applications taking as little as 5 minutes. Approvals are also very quick just as the name suggests.

To apply for a loan, Company requires proof of steady income and an active checking account. People who are unemployed may not qualify for the funds.

The funds are accessible almost immediately and the major determinant is how you choose to receive the money. If the storefront option is feasible for you, then the funds are available instantly while bank transfers may take 24 hours. If anything goes wrong, the customer support is very responsive and easy to talk to.

They have a variety of loan options if you need more money. On the online platform, they offer payday loans, installment loans as well as lines of credit. A visit to the store will help you get debit card loans and cash for gold if you need a bigger amount of money.

However, it’s worth noting that Speedy Cash will not improve your credit scores. On the contrary, if you miss a payment or default, it’s likely to be fatal to your credit score.

To repay the funds, the company provides several options to choose from. For online payments, you can use a debit while you could still walk into one of their stores to make cash payment. For automatic payments, set up a payment from your bank account or draft a backdated check.

To qualify for an application, the requirements are quite lenient and they include:

  • Be at least 18 years old
  • Be a citizen or a permanent resident of the US
  • Proof of a steady income which can be either a pay stub or a bank statement
  • Active checking account if you wish to apply online

During the online application, you will be asked to provide several details that will include:

  • Your names
  • Phone number
  • Pay dates
  • Employment station
  • Your checking account details
  • Physical address

For new applicants, the loan amount will range from $100 to $200. The exact amount is dependent on the different regulations from the states of residence. Additionally, the applicant’s qualifications will also play a part.

Company offers an array of loan services although they are popular for their payday loans. You have several options to choose from.

Payday loans

These are small amounts of money that are borrowed for a short period. Ideally, it will be from one week to one month depending on the frequency of paydays.

Installment loans

As opposed to payday loans where payment for the total amount is due on a specific date, you can spread the payment over a certain period of time. Also, you can make early payments without incurring any penalties. On the other side, SpeedyCash will look at credit scores to approve an installment loan application.

Line of credit

The service helps you stay calm knowing that some funds will be available in case of an emergency. Here, you are loaned some money and allowed to repay gradually. Should an emergency arise, you can access an amount equivalent to the difference between the total amount borrowed and the repaid amount.  Apart from making the minimum payments per month, you are allowed to put in some extra money at any time.

Title loan

SpeedyCash.com requires you to visit one of their stores to apply for this loan that may go up to $50,000. The amount you qualify to borrow is dependent on the value of the car and your demonstrated ability to repay the loan. With this option, early payoffs do not attract any penalties.

The SpeedyCash app is available for both Android and iOS. It is not very practical for the user but you can manage existing loans, apply for new loans and search for stores and contacts.

The fees will vary according to how much money you borrow and the state of residence. Generally, the APR will be between 391.07% and 664.29%. When the loan application is approved, some documents are issued and they indicate the loan’s terms and conditions as well as applicable charges and penalties. Make it your duty to study them before giving your consent.

If the money is not repaid on time, a late charge is applied and rollover charges will apply for extension requests.

  • Company allows you to choose how you want to receive the cash. It’s possible to get instant funds from their nearest office or receive through a checking account. When feasible, the money can be loaded onto a prepaid card.
  • They seem to be flexible with their fees because they don’t charge for early loan repayments. In most states, they are licensed as direct a lender, therefore, no need to worry about privacy.
  • If you change your mind after applying for the money, the lender gives you until the following business day to have canceled the loan at zero fees.
  • They offer additional loan services that you can use when in need of more money.

The company has over 230 stores spread across the US, Canada, and the UK. The online service is available in multiple states in the US. To know whether your state is covered and locate a store visit their website and select a location.

In a bid to help their customers save money, the lender will occasionally give discount codes. It could be a $15 off or a free gift with every transaction on their site.

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