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Speedy Cash short-term loans review

If you need access to money quickly, Speedy Cash could be the right option for you.

If you find yourself in a financial emergency and don’t have access to credit, Speedy Cash provides loans when you need it. Whether you’re facing a late bill or simply a shortfall in your budget, Speedy Cash can help you make it to your next payday.

Product details

  • Product name: Speedy Cash Short-term Loans
  • Min amount: $100 (depending on your state of residency)
  • Max amount: $5,000 (depending on your state of residency)
  • Turnaround time: As soon as next business day
  • State availability: AL, AK, AZ, CA, DE, HI, IL, ID, KS, LA, MO, MS, ND, NM, NV, OH, OK, RI, SC, TN, TX, UT, WI, WY
  • Requirements: Must be 18+ years old and have valid ID, proof of steady income, an open checking account and working phone number.

How does borrowing from Speedy Cash work?

Speedy Cash is among one of the fastest growing and largest providers of short-term loans in the US, Canada and the UK. It’s licensed in each state in which it operates as a direct lender.

Apart from online payday loans, it also offers installment loans and lines of credit for larger amounts. Its in-store services include title loans, prepaid debit cards, money orders, wire transfers, check cashing and cash for gold. The loans Speedy Cash provides don’t involve a lengthy application process, and you don’t have to worry about credit score requirements — Speedy Cash will still consider you for a loan.

Speedy Cash operates in the following states only: AL, AK, AZ, CA, DE, HI, IL, ID, KS, LA, MO, MS, ND, NM, NV, OH, OK, RI, SC, TN, TX, UT, WI, WY. If you don’t live in one of these states, you’ll have to look elsewhere.

What you can borrow from Speedy Cash

Speedy Cash has multiple loan options to suit whatever your needs may be.

  • Payday loans. A payday loan is a short-term loan (typically $500 or less) that usually must be repaid within two to four weeks. Rules and regulations for payday loans vary by state.
  • Installment loan. Unlike a payday loan that you have to repay in its entirety on your next payday, an installment loan gives you the ability to spread out your payments over a period of time.
  • Auto title loan. You have to visit a Speedy Cash store to apply for an auto title loan since they will need to physically appraise your car. The amount you can borrow depends on the value of your car as well as your ability to make repayments.
  • Prepaid debit cards. If you live near a Speedy Cash store location, you could apply for a payday loan and have the funds loaded onto a prepaid debit card as soon as the next business day. Speedy Cash offers three types of Opt+® debit cards on which you can load funds. The Monthly Card is best for day-to-day purchases and comes with a monthly fee. The Direct Deposit Card is similar to the Monthly Card but allows you to receive your paycheck directly onto the card. The monthly fee for this card can be waived if you have direct deposit of more than $1,000 monthly. The Pay as You Go Card only costs you money when you use it. There are no ATM fees when you withdraw at a Speedy Cash location, and you can use them wherever Visa® is accepted.
  • Line of credit. With an active line of credit, you don’t have to worry about the next time you need some extra money. The line of credit gives you great control over how you use funds up to an approved limit. While you have to make minimum monthly payments, you can also make extra payments at any time.

How do Speedy Cash loans compare with other loans?

Check the websites of any providers you’re interested in to confirm they operate in your state of residence.

Rates last updated November 24th, 2017
Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
Name Product Product Description Maximum Loan Amount Term of Loan Turnaround Time Requirements
LendUp Payday Loans
LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see if available in your state.
$250
7–30 days
generally receive the money the next business day
Be 18+ years of age and have a checking account that can accept electronic transfers.
CashNetUSA Loan
Apply for a short-term loan with an easy online application and dedicated customer service.
Varies by state
Varies by state
1 business day
You must be a US citizen or permanent resident, be at least 18 years old and have regular income and a bank account.
Check into Cash Payday Loan
With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.
$1,000
Varies by state
1–2 business days
You must be at least 21 and an American citizen and have a bank account, email address and phone number.
ACE Cash Express Payday Loans
Quick short term, installment and title loans come with no prepayment penalty and a 72-hour satisfaction guarantee.
Varies by state
Varies by state
Generally receive the money the next business day
Must be 18+ years old, have a steady source of income and a checking or savings account. Must not be a debtor in bankruptcy.

Compare up to 4 providers

Why should you consider taking out a Speedy Cash short-term loan?

Here’s what you should know before applying:

  • Quick process. The application doesn’t take much time to complete. If you apply in-store, you can expect funding in a matter of minutes. With online applications, Speedy Cash informs you about your application’s status almost immediately and then transfers funds into your bank account as soon as the following business day.
  • Flexibility to use funds. Once you get access to your approved funds, you can use this money for anything, from paying utility or medical bills to tuition fees or simple budgetary shortfalls.
  • Additional services. Speedy Cash offers more than just loans. These include wire transfers, check cashing, money orders, prepaid debit cards and cash for gold.

The costs of borrowing from Speedy Cash

After Speedy Cash lets you know of your application’s approval, you’ll be provided with loan documents that detail the loan’s terms and conditions as well as all applicable fees and charges. It is in your best interest to review this document carefully before signing it so you know exactly how much you’ll be repaying before you commit.

The fees you have to pay depend on the state you live in and how much money you borrow. If you don’t pay the loan off in time, you could have to pay late charges and additional fees if you wish to refinance your loan. This may negatively affect your credit.

As with all short-term loans, make sure you have an ability to repay the full loan amount, including APR, before you borrow money. Extra fees can quickly add up, and you could find yourself in a spiral of bad debt if you don’t prepare.

Did you know? Speedy Cash offers prepaid debit card loans

If you live near a Speedy Cash store location, you could apply for a payday loan and have the funds loaded onto an Opt+® Visa® prepaid debit card as soon as the next business day. In some cases, you could see same-day funding for approved loans. You can use this card wherever Visa® is accepted.

Learn more about prepaid debit card loans.

Is it safe to take out a Speedy Cash loan?

Yes. Speedy Cash’s website is encrypted for security, so you can rest assured knowing that your personal information will have industry-level protection while you fill out an application. It is a member of the Community Financial Services Association of America (CFSA), which means it abides by certain transparency standards meant to make sure your borrowing experience is safe.

How to apply for a short-term loan from Speedy Cash

You can apply for a Speedy Cash short-term loan in-store or online as long as you meet these eligibility criteria:

  • You are at least 18 years old (varies by state)
  • You are an American citizen or a permanent resident of the US
  • You have a steady source of income
  • You should have an operational checking account (for online applicants)

In order to complete the application successfully, you’ll have to provide some basic information:

  • Your name, home address, email address and phone number
  • Your date of birth, Social Security number and government-issued ID
  • Your employer’s name, address and phone number
  • Details about your income
  • Your bank account details (for online applicants)

Are payday loans available in my state?

Frequently asked questions

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24 Responses

  1. Default Gravatar
    DannyOctober 16, 2017

    Applied and denied

    • Staff
      JoanneOctober 17, 2017Staff

      Hi Danny,

      Thanks for reaching out.
      There are several factors why you might have been rejected for a loan. The reasons why are further discussed on this page. You can also review your application to make sure you didn’t miss any information or work through a lender-matching service where payday loan brokers can help you with the application process. Not every loan option may be right for you so be sure to consider all your options and compare the costs before applying again.

      Cheers,
      Joanne

  2. Default Gravatar
    TomachiaOctober 10, 2017

    I need $200 loan posted to my master debit card which as my direct deposit posted each month of $750.Can u help me medical needs?

    • Staff
      HaroldOctober 11, 2017Staff

      Hi Tomachia,

      Thank you for your inquiry.

      You can apply for a Speedy Cash short-term loan in-store or online as long as you meet these eligibility criteria:
      – You are at least 18 years old (varies by state)
      – You are an American citizen or a permanent resident of the US
      – You have a steady source of income
      – You should have an operational checking account (for online applicants)

      I hope this information has helped.

      Cheers,
      Harold

  3. Default Gravatar
    SheldonOctober 3, 2017

    Why would someone at Speedy ask for my username and password to my bank account?

    • Staff
      AliyyahOctober 3, 2017Staff

      Hi Sheldon,

      Thank you for your question. Speedy Cash’s online application requires your checking account number and debit card information in order to verify where approved loan funds will be deposited and where to debit loan repayments. A representative should not ask for your username or password.

      Speedy Cash is a reputable lender offering short-term loans online, in-store and by phone. You may want to confirm that the person you’re communicating with is actually a representative from Speedy Cash and not someone posing as a representative to conduct a scam. You can learn more about how to spot a payday loan scam here.

      Feel free to reach out to us again should you have any other questions.

      Best regards,

      Aliyyah

  4. Default Gravatar
    CarlaSeptember 25, 2017

    I would to get a loan for 2000.But my credit isnt good. I do have a secure job.

    • Default Gravatar
      JonathanSeptember 26, 2017

      Hello Carla,

      Thank you for your inquiry.

      You can check our the payday loans located on this page. At the top of the comparison table, kindly select your state of residence as availability varies.

      It is worth advising that eligibility and lending terms differ, so it is imperative to understand it fully prior accepting the loan. You may click “Go to Site” green button of your chosen lender to proceed with your application.

      Hope this helps.

      Cheers,
      Jonathan

  5. Default Gravatar
    MichelleSeptember 24, 2017

    So I really need a loan fast, my credit is In bad shape and I’m working on increasing my score, but I am employed and have a steady income. What are the odds of a first timer trying to get a loan for $1,500-2,000?

    • Staff
      AnndySeptember 25, 2017Staff

      Hi Michelle,

      Thanks for your question.

      Speedy Cash considers borrowers who have bad credit. However, your chance of approval depends on their assessment of your overall financial condition.

      You could also compare other lenders that may consider borrowers with bad credit score here and on this page.

      Kindly review the eligibility criteria and the terms and conditions of the loan before submitting your application.

      Cheers,
      Anndy

  6. Default Gravatar
    Eek88djSeptember 5, 2017

    If I borrow 200 I want to pay if off early how much is the early payoff?

    • Staff
      AnnaSeptember 6, 2017Staff

      Hello Eek88dj,

      Thanks for your question! You won’t have to pay any fees if you want to pay off your speedy cash short-term loan early.

      Cheers,
      Anna

  7. Default Gravatar
    DanyellAugust 6, 2017

    A $600 6 month installment is $1,020. That factors out to approx. $12 a day and there isn’t a 24-72hr no penalty return option, so keep that in mind. There are other places that will give you a 1-3 day grace period for a no penalty return and have interest rates in the low 500% range. I would suggest one of them for a firs timer so you know what your getting yourself into and have a good nights sleep or two, to try to get the money other ways or pay a lot less for it in the long run.

    • Staff
      HaroldAugust 7, 2017Staff

      Hi Danyell,

      Thank you for your inquiry.

      Thank you for your honest feedback. In addition to finding lower cost short term loans, you can explore alternatives such as finding a side gig to make extra cash, negotiating with your creditors or seeking help from local social services. An information here http://bit.ly/2uj3S3b might helpful.
      I hope this information has helped.

      Cheers,
      Harold

  8. Default Gravatar
    MichelleAugust 1, 2017

    I have a text message saying they are speedy cash. Asking me for a $350 steam card are they legitimate? It’s a 408 area code

    • Staff
      AliyyahAugust 7, 2017Staff

      Hi Michelle,

      Thank you for your inquiry. Speedy Cash is a legitimate short term loan lender. However, Speedy Cash does not ask for gift cards or require an upfront fee before approving a loan.

      The company that contacted you may be running a scam. Visit our page on payday loans scams to learn more about how they work and how to avoid them. Feel free to reach out again should you have any other questions.

      Best regards,
      Aliyyah

  9. Default Gravatar
    MichelleJune 20, 2017

    Do I have to have an account to apply for a loan in store?

    • Staff
      HaroldJune 20, 2017Staff

      Hi Michelle,

      Thank you for your inquiry.

      You can apply for a Speedy Cash short term loan in-store or online, and the online application takes no more than a few minutes to complete. You have to meet these eligibility criteria:

      – You are over 18 years old in most states
      – You are an American citizen or a permanent resident of the US
      – You have a steady source of income
      – To apply online, you should have an operational checking account

      I hope this information has helped.

      Cheers,
      Harold

  10. Default Gravatar
    DanielApril 30, 2017

    I have been scammed by a person who suggested me to do speedy cash wrote my name social security and banking information I want to know how can I undo this transaction with you?

    • Staff
      HaroldJuly 5, 2017Staff

      Hi Daniel,

      Thank you for your inquiry.

      While we do not represent any company that we feature on our pages, we can offer you a general advice. If you encountered a fraudulence it would be safer to report this matter to your lender. This way, you can discuss with them the available options on how you are going to resolve the issue.

      I hope this information has helped.

      Cheers,
      Harold

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LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see if available in your state.

Check into Cash Payday Loan

With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.

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