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Speedy Cash review

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Speedy Cash Short-term Loans
4.5
★★★★★
Finder score
Min. Amount
$50
Max. Amount
$3,000
Turnaround time
1 day

Our verdict

Convenient loan options — but understand the cost before you apply.

Speedy Cash is a legitimate lender with a wide variety of loan options — although its exact services vary by state. While it can be expensive, it goes out of its way to explain the costs and display its state licenses. And it lives up to its name: Some borrowers can get cash the same day they apply.

However, its Better Business Bureau (BBB) page contains quite a few complaints about customer service and the overall cost. You may also be limited in what — and how much — you can borrow if you don't live in the states where it has store locations.

Before you borrow, see how Speedy Cash compares to other lenders.

Pros

  • Full online application
  • Quick funding process
  • Multiple loan types offered

In this guide

  • Our verdict
  • Details
    • Product details
  • Your reviews
  • Ask a question

Bottom line: Speedy Cash offers payday loans, in addition to other loans and services, to residents of 27 states. But it's still an expensive form of credit, so be sure you can afford it before you visit a store or apply online. Read our full review.

Details

Product details

Product Name Speedy Cash Short-term Loans
Min. Amount $50
Max. Amount $3,000
Loan Term Varies
Loan Security Unsecured
Turnaround Time 1 day
Costs Varies by state regulations.
Requirements Must be 18+ years old (19+ in AL) and have valid ID, proof of steady income, an open checking account and working phone number.

Speedy Cash rates, fees and terms

The cost of a payday loan from Speedy Cash depends on your state laws, the amount you borrow and the term of your loan. In most states, you will likely be able to borrow between $100 to $500. Because financing fees are set by state, you may have to pay between $10 to $30 for every $100 borrowed. This means that the annual percentage rate (APR) of your loan will be 150% or more. And because Speedy Cash also offers installment loans, lines of credit and title loans, the amount you pay can vary widely.
To help make the cost more clear, Speedy Cash provides examples of its financing fees and average APR on its website. Visit your state’s rates and terms page for more specific details.

Is Speedy Cash legit?

Yes, Speedy Cash is a legitimate lender and a member of the Online Lenders Alliance (OLA), an industry organization that upholds security standards for businesses. Like all payday loans, expect high interest rates. However, Speedy Cash is a well-known, secure option for those who need cash to cover an emergency expense.

Compare alternatives to Speedy Cash

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As soon as one business day after loan closing
Have a regular income, 18+ years old, be a U.S. citizen with a valid SSN, have an open bank account, meet any additional requirements your lender may have
Smart Advances was designed to help you request the loan you need, for any reason.
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Get up to $100 per day or $750 per pay period.
1 to 3 business days, or same-day for a fee
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No mandatory fees, no interest, and no credit checks. Subject to EarnIn terms & conditions
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Up to $250
2–3 business days or instant for a fee
Checking account 2+ months old receiving direct deposit, 2+ months working for the same employer, positive account balance, most recent paycheck was on-time, funds still available in bank account 24 hours after most recent payday.
Get up to $250 overdraft protection if you sign up for Albert's banking app.
Brigit
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Brigit
Up to $250
1 to 3 business days or instantly with a fee
Bank account must have at least 60 days of activity, Balance must be above $0 and have an average minimum balance on pay day
Have up to $250 automatically deposited into your account — for a $8.99 membership fee.
LendYou Short-term Loans
Finder Score: 2.5 / 5: ★★★★★
LendYou Short-term Loans
Up to $1,000 for payday loans and up to $5,000 for installment loans
1 business day
$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Get offers from potential lenders in minutes by filling out just one online form.
Fast5kLoans Short-term Loans Connection Service
Finder Score: 0.2 / 5: ★★★★★
Fast5kLoans Short-term Loans Connection Service
$100 to $35,000
As soon as the next business day
Regular source of income, Verifiable bank account, US citizen, Ages 18+
Get connected with multiple lenders you might qualify with — even if you have bad credit.
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Speedy Cash reviews and complaints

BBB accreditedNo
BBB ratingA+
BBB customer reviews1.66 out of 5 stars, based on 32 customer reviews
BBB customer complaints300
Trustpilot score4.6 out of 5, based on 8,599 customer reviews
Customer reviews verified as of18 March 2021
While Speedy Cash earns positive reviews on its Trustpilot page, almost all of the recent reviews on its BBB page are negative. Borrowers frequently complain about the high costs, poor customer service and inability to change payment due dates.

How to apply

To get started, you will need to have your Social Security number, details about your bank account and details about your employment ready. Speedy Cash offers three ways to apply.

  • Online. Speedy Cash allows you to apply online in 27 states, including every state it has store locations.
  • By phone. You can apply over the phone by calling a local Speedy Cash store or by calling the main number listed on its website.
  • At a store. There are over a hundred store locations spread across 15 states where you can apply for a payday loan.

If you want to apply at a store, you will also need a pay stub or other proof of income as well as a government-issued photo ID, like a driver’s license. No matter the option you choose, most loans can be deposited into your bank account within one to two business days. Speedy Cash also offers you the ability to pick up cash at a store or have your loan instantly funded with to a debit card.

Speedy Cash locations

Speedy Cash offers loans in 27 states — although only 15 states have Speedy Cash stores.

Type your state to view loan availability:
StatePayday loansInstallment loansTitle loansLines of credit
AlabamaOnline and in storeOnline and in storeIn storeNot available
AlaskaOnlineNot availableNot availableNot available
ArizonaNot availableNot availableOnline and in storeNot available
CaliforniaOnline and in storeIn storeNot availableNot available
ColoradoNot availableOnline and in storeNot availableNot available
DelawareNot availableNot availableNot availableOnline
HawaiiOnlineNot availableNot availableNot available
IdahoNot availableNot availableNot availableOnline
IllinoisNot availableOnline and in storeIn storeNot available
KansasIn storeNot availableIn storeOnline and in store
LouisianaOnlineNot availableIn storeNot available
MississippiNot availableOnline and in storeIn storeNot available
MissouriNot availableOnline and in storeIn storeOnline and in store
NevadaOnline and in storeOnline and in storeIn storeNot available
New MexicoNot availableOnlineNot availableNot available
North DakotaOnlineNot availableNot availableNot available
OhioNot availableOnlineNot availableNot available
OklahomaNot availableOnlineNot availableNot available
OregonOnline and in storeNot availableIn storeNot available
Rhode IslandNot availableNot availableNot availableOnline
South CarolinaNot availableOnlineNot availableNot available
TennesseeNot availableNot availableIn storeOnline and in store
TexasOnline and in storeOnline and in storeIn storeNot available
UtahNot availableNot availableNot availableOnline
WashingtonOnline and in storeNot availableNot availableNot available
WisconsinNot availableOnlineNot availableNot available
WyomingOnlineNot availableNot availableNot available

Payment options

Speedy Cash highlights its online payments and automatic ACH transfers — taken directly from your bank account — on its website. However, other payment methods may also be available. Contact Speedy Cash or visit a nearby store for more information.

What other services does Speedy Cash offer at its stores?

Exact products and services vary by location, but Speedy Cash stores typically offer these four services:

  • Prepaid debit cards
  • Money orders
  • Check cashing
  • Wire transfers

Not sure about Speedy Cash? You can learn more and compare options with our guide to payday loans.

Frequently asked questions

Will Speedy Cash check my credit?

Yes, Speedy Cash may run a hard credit check as part of your loan application which may cause your score to drop by a few points.

Does Speedy Cash report my payments to the credit bureaus?

Speedy Cash may report information about late payments to the credit bureaus, although they don’t specify if they report on-time payments. However, other bad credit lenders, like OppLoans, do report on-time payments to the major credit bureaus to help customers build credit.

When is my payday loan due?

Payday loans typically must be paid back on or around your next scheduled payday, which is based on your pay cycle.

Does Speedy Cash have a phone number?

Yes, it’s 1-888-333-1360 for English and 1-855-734-0111 for Spanish.

Short-term loan ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze short-term loan providers and similar services to help you weed out predatory lenders and find a company you can trust. We rate providers on a scale of one to five stars. Our ratings are based on factors that are most important to you, which include: loan amount, application process, fees, customer reviews and borrower experience.
Read the full methodology of how we rate short-term loan providers and similar services.

Your reviews

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Kellye Finder

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Bill

February 02, 2023

how often per month does Speedy Cash bill you for your loan?


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Ren Finder

February 02, 2023

Hi Bill,


Thanks for your question!


Your payment due and terms depend on the loan type. This will be outlined in your loan agreements. Please contact Speedy Cash for more information.


I hope this helps.


Thanks,

Ren


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Armon

March 11, 2020

Can I have my loan put into my savings account?


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nikkiangco

March 11, 2020

Hi Armon,


Thanks for your comment and I hope you are well.


Yes, your loan funds will be deposited to your chosen method of receiving the funds and this could be completed as soon as the next business day. You could also visit a Speedy Cash store to collect cash sooner after approval.


As a friendly reminder carefully review the terms and conditions and the product disclosure statement of the lender before applying. You may also contact your lender of choice should you have any questions about their loan requirements.


Hope this helps and feel free to reach out to us again for further assistance.


Best,

Nikki


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Felicity

May 06, 2019

For a card, what is the APR, Annual fee, Other fees, balance transfer fee, and grace period?


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Jeni Finder

May 06, 2019

Hi Felicity,


Thank you for getting in touch with Finder.


Speedy Cash does not offer credit cards. Our credit card Finder can help search for a card that suits your needs. If you’re applying for a credit card, please make sure though to read the eligibility criteria, features, and details of the card, as well as the relevant PDS/ T&C of the card before making a decision and consider whether the product is right for you.


I hope this helps.


Thank you and have a wonderful day!


Cheers,

Jeni


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Yaz

February 25, 2019

I recently took a leave from my job, but I do have a recent paystub from my job, I go back to work in 2 weeks, can I still take out a loan?


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johnbasanes Finder

February 25, 2019

Hi Yaz,


Thank you for reaching out to Finder.


Depending on the approval criteria being used by Speedy Cash, you may still be able to take a loan. Advise them that you are currently on leave and will be back in two weeks. They may also contact your employer and confirm this as a safeguard for the loan. Hope this helps!


Cheers,

Reggie


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Thomas vines

February 06, 2018

I was sent a text claiming that I had been approved for a loan of 10000$ from speedy cash. They said that since my credit score was below 580 that I had to go through a verication process .said they would make a small deposit in my bank and then when I signed it back they would deposit my money is this a legit offer from you at SO?


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joelmarcelo

March 27, 2018

Hi Thomas,


Thanks for leaving a question on finder.


You may want to confirm first that the person you’re speaking with is a legit representative from Speedy Cash and not someone posing as a representative to conduct a scam. Please go to their website to verify their contact details so you can verify with them directly. You can learn more about how to spot a payday loan scam.


Cheers,

Joel


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