Express Title Loan FAQs


How does it work?
  • You keep the vehicle
  • Speedy Cash® takes a security interest in the vehicle
  • You get CASH sent today to your bank account
  • Pay back on your pay dates as little or as much you can with only a 2% principal reduction plus accrued interest
  • Pay back in full at any time to reduce your finance charges
  • Receive e-Statements our electronic billing statement solution via email!
  • As you pay down your loan, you may re-borrow as you need cash
What you need to qualify?
  • Vehicle Identification Number or Registration
  • Open bank account with deposits into the account
  • Proof of residence address
  • Telephone number that can be verified
  • Pass our loan review process
How do you repay the Title Loan?
  • The title loan is an open-end line of credit that can be used as needed and paid back in full at any time
  • To keep your account current, you'll pay at least the minimum amount due on your scheduled due date
  • You'll receive a monthly statement noting the minimum amount due and your scheduled due date
  • Once the loan is paid in full, the line of credit remains open for up to [three four] months so you can re-borrow again without applying for a new loan
How will I receive my money?

The process is automatic and convenient. Once your loan is approved, the funds are electronically deposited into your bank account via an ACH/EFT transaction.

When will my loan be due?

Your first loan payment date will normally be on your next payday up to 18 days away. Due dates will likely be schedule around the dates you get paid. On your due dates, the funds will be electronically debited back out of your account. Interest accrues on the account daily, based on the principal amount of the loan. Each statement will show a minimum payment due that includes the interest that accrued on the account up to the day the statement is generated, plus an addition 2% of the principal amount of the loan. The statement will also show the date the loan is due.

What are my payment options?

Pay back in full to lower your finance charges. Instead of making monthly payments for the term of the loan, you will receive periodic billing statements. Each statement shows a "minimum" required payment which is the fee (the daily interest accrued to the date the statement was generated) and two percent of the outstanding principal.

You can pay the minimum amount due plus an additional amount that goes toward your remaining balance. The additional amount you pay will first go towards any interest that has accrued, but not been paid, and then to the principal balance.

What are my finance charges?

You will pay 15% percent per month on your outstanding balance. This rate equals 180% APR.

May I get more money later?

YES! You can take a cash advance on the loan any time - and receive cash up to their maximum line of credit limit amount. (This will change the monthly minimum payment amount due).

When can I expect to receive my money?

Your loan application will be processed quickly once it has been received. Once the loan is approved you will generally receive your money the next business day (excluding bank holidays and weekends).

For more information about these questions or others not listed call 1-866-91-MONEY (916-6639) or Click Store Locations.