How Do Speedy Cash Loans Work?

Speedy Cash offers a variety of fast cash loans including payday loans, title loans, personal line of credit loans, and installment loans. Each of the loans are a bit different, but at a high-level they are very similar.

Speedy Cash Loan FAQs

A: Line of credit loans are designed for consumers who may need access to funds over a period of time. Personal lines of credit have flexible repayment terms accrue daily interest, and provide access to more cash (up to your approved credit limit) as you pay down your loan. Here’s how they work:
- Apply with a valid ID, proof of monthly income, and a checking account or debit card
- Receive an instant lending decision
- If approved, review and sign your loan documents
- Select the amount you would like to borrow (up to your approved credit limit) and receive your cash
- Pay your loan and interest back over time, as defined in your loan agreements
- As you pay down your principal balance, you can access additional cash up to your credit limit
- Your loan will stay open as long as you are using it – no need to re-apply for more cash, just draw against your available credit
A: Payday loans are designed for consumers who need an advance on their next paycheck. Here’s how they work:
- Apply with your valid ID, proof of income, and a checking account
- Receive an instant lending decision
- If approved, review and sign your loan documents
- Get your cash
- Pay your loan and fees back on your next pay day (repayment terms vary by state)
A: Title loans are designed for consumers who do not wish to base their loan eligibility on income, but rather by using their vehicle title as collateral. Here’s how they work:
- Apply at a Speedy Cash store with your car title, proof of address, a valid ID, and the vehicle you wish to use as collateral for your loan
- Speedy Cash will conduct a vehicle inspection and provide you with a lending decision in a matter of minutes
- If approved, review and sign your loan documents
- Get your cash
- Pay your loan and fees back over time, as defined in your loan agreements (repayment terms vary by state)
A: Installment loans are designed for consumers who either need to borrow more money than a typical payday loan offers, or need a longer amount of time to repay their loan than a typical payday loan allows. Here’s how installment loans work:
- Apply with a valid ID, proof of monthly income, and a checking account or debit card
- Receive an instant lending decision
- If approved, review and sign your loan documents
- Get your cash
- Pay your loan and interest back over time, as defined in your loan agreements (typically, installment loans charge daily interest on the amount that you borrow)