Speedy Cash review
Convenient loan options — but understand the cost before you apply.
finder.com’s rating: 4.45 / 5.0
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.
|Product Name||Speedy Cash Short-term Loans|
|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.|
- Upfront about potential costs
- Apply online or at a store
- Multiple loan options and additional services
- Same-day funding available
- High interest rates of 200% or more
- Large volume of BBB complaints
- Not every state has store locations
Kellye Guinan was a financer writer for Finder, covering everything from loans from auto to personal to business finance.
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.
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.
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Speedy Cash reviews and complaints
|BBB customer reviews||1.66 out of 5 stars, based on 32 customer reviews|
|BBB customer complaints||300|
|Trustpilot score||4.6 out of 5, based on 8,599 customer reviews|
|Customer reviews verified as of||18 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.
|State||Payday loans||Installment loans||Title loans||Lines of credit|
|Alabama||Online and in store||Online and in store||In store||Not available|
|Alaska||Online||Not available||Not available||Not available|
|Arizona||Not available||Not available||Online and in store||Not available|
|California||Online and in store||In store||Not available||Not available|
|Colorado||Not available||Online and in store||Not available||Not available|
|Delaware||Not available||Not available||Not available||Online|
|Hawaii||Online||Not available||Not available||Not available|
|Idaho||Not available||Not available||Not available||Online|
|Illinois||Not available||Online and in store||In store||Not available|
|Kansas||In store||Not available||In store||Online and in store|
|Louisiana||Online||Not available||In store||Not available|
|Mississippi||Not available||Online and in store||In store||Not available|
|Missouri||Not available||Online and in store||In store||Online and in store|
|Nevada||Online and in store||Online and in store||In store||Not available|
|New Mexico||Not available||Online||Not available||Not available|
|North Dakota||Online||Not available||Not available||Not available|
|Ohio||Not available||Online||Not available||Not available|
|Oklahoma||Not available||Online||Not available||Not available|
|Oregon||Online and in store||Not available||In store||Not available|
|Rhode Island||Not available||Not available||Not available||Online|
|South Carolina||Not available||Online||Not available||Not available|
|Tennessee||Not available||Not available||In store||Online and in store|
|Texas||Online and in store||Online and in store||In store||Not available|
|Utah||Not available||Not available||Not available||Online|
|Washington||Online and in store||Not available||Not available||Not available|
|Wisconsin||Not available||Online||Not available||Not available|
|Wyoming||Online||Not available||Not available||Not available|
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.
Short-term loan ratings
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★★★★★ — Subpar
★★★★★ — Poor
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