Payday Loans and What They Can Do for You
Since 1997, U.S.-owned and operated direct lender Speedy Cash has provided consumers with quick & reliable payday solutions. Whether customers need a temporary helping hand between paychecks, extra cash in a crunch, or a quick buck to help avoid high bank fees or late penalties, our short-term loans offer a dependable and realistic financial solution.
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What Are Payday Loans?
Payday loans (or cash advance loans) are short-term loans that differ from traditional bank loans. Instead of a long-term loan that charges an interest fee that builds up over time, a payday loan carries just a flat rate for the amount borrowed. Instead of the customer paying on a loan over time, they repay the entire loan on their next payday. The flat-rate fee may seem high when compared to the interest rates on long-term loans, but cash advance loans are often used to avoid banking overdraft penalties or fees, which are typically very high.
Many people may turn their nose up to payday loans when they hear the annual percentage rate (APR). Yes, the APR for a payday loan appears high. The reason for the high APR is because these loans are NOT meant to be long-term loans (unlike traditional bank loans). They are meant to be short-term - to cover consumers until their next payday (which is typically one week to 30 days). Consumers will find that when they borrow responsibly and pay back their loan on their due date, the fees are very minimal - less than banking overdraft fees in most cases.
Cash advance loans also serve different purposes than long-term loans. While long-term loans are great for mortgages, car and student loans, cash advance loans provide smaller amounts of money for a shorter amount of time. They can be great for avoiding large banking overdraft fees, making on-time bill payments, protecting your credit score, and paying for emergencies.
How Do I Choose a Lender?
When it comes to payday loans, you have many options of who to work with. Some of the most important considerations, though, are whether or not they're state-licensed, comply with industry best practices, and if they're a direct lender.
Not all lenders comply with state laws that protect consumers. However, licensed lenders like Speedy Cash work hard to maintain state licensing. Because licensed lenders are audited by the states in which they operate, you can rest assured that their lending practices are fair and responsible.
Another important consideration is whether or not they comply with industry-guided best practices. Speedy Cash is a member of the Community Financial Services Association (CFSA) to further ensure we're providing the best cash advance loan experience for our customers. The CFSA has a list of best practices - ranging from educating consumers about payday loans, to complying with applicable state and federal laws - which Speedy Cash faithfully follows.
Have you ever applied for a payday loan online, only to find that the company you applied with isn't the company funding your loan? Direct lenders cut out the middle man. They process your application and fund your loan. Speedy Cash is proud to be a direct lender, and work directly with you!
Why Choose Speedy Cash?
Speedy Cash has a history of stability. We've been open since 1997 without closing a single one of our 100+ stores. We're flexible and are willing to work with you to find the best solution for your financial needs. At Speedy Cash, we're committed to making your loan process easy, fast, and friendly. That's why we offer three different ways to apply for a payday loan, so you can find the way that will work best for you.
3 Easy Ways to Apply
Speedy Cash Benefits
• Friendly U.S.-based customer service
• Secure and confidential application process
• State licensed direct lender
• Cash-to-bank transfer or in-store cash pick up
• Open evenings and weekends - after banks are closed
*Online account management only offered in states in which Speedy Cash offers online payday loans.
Additional Financial Services in Stores
Speedy Cash offers more than just cash advance loans.
We can also help you with installment loans, credit lines, title loans, prepaid Cards, check cashing, and cash for gold.
An installment loan provides the fast cash-to-bank account advantage of a payday loan, without requiring full repayment on your next payday. With installment loans, you only pay for the time you use the loan. You can also refinance at any time to receive more cash.
Speedy Cash can also help you open a line of credit. Lines of credit provide the same flexibility as an installment product, but enable you to manage your cash flow. You can borrow cash in any amount up to your credit line, and as you pay down the loan, you still have access to additional cash up to your maximum amount at any time. You can make minimum payments when money is tight, or you can pay off your loan at any time without penalty (without losing the ability to access the credit again when necessary.
An auto title loan is a quick way to unlock the cash you need and keep driving your car. Speedy Cash uses your vehicle as collateral, and you get up to $50,000 cash. The amount of your title loan is based on the value of your vehicle and your current income.
The opt+ prepaid Card can be used anywhere Visa® Debit is accepted including online and over-the-phone purchases. The opt+ card can be used to withdraw cash from any ATM and has a complete bill pay service.
If you don't have a checking account, cashing checks can be a frustrating experience. Let Speedy Cash take care of it for you with NO HOLDING PERIOD. Whether you're cashing a tax refund, a payroll check, or an insurance reimbursement, we can verify checks quickly and give you your money immediately.
Our cash for gold program allows you to tap the unused resources you already have sitting in your jewelry box. Are you unsure if you have quality 24K gold or scrap 10K gold? Or if the gold you have is even genuine? Speedy Cash will test it for you right before your eyes - with no obligation to sell - so you can feel comfortable working with us. We'll offer you a competitive price for your gold on the spot, and you can walk out with CASH (not a check).
How Can I Get a Payday Loan?
Speedy Cash understands that financial shortfalls can come at times when you least expect them. That's why we offer three convenient ways to apply for a payday loan. Whether you get a flat tire on a weekend road trip, or your heater stops working in the middle of the night - we're here to help! Regardless of your situation, applying is easy in person during store hours, over the phone on your drive to work, or on your computer from the comfort of home.
In order to qualify for a payday loan, you must meet the following requirements:
• At least 18 years of age
• Not an active member (or a spouse or dependent of an active member)
of the Armed Forces
• Earn at least $400 per month
Speedycash.com is open 24/7 for your convenience! No matter where you're at or what time it is, you can always apply for a loan online. Simply fill out our one-page application, and you will get an approval decision in seconds. Once approved, select the amount of money you'd like to borrow and your funds will be deposited directly into your bank account in as little as two hours. Bank of America customers will get funds deposited into their account in as little as two hours, other banking customers will have funds deposited within one business day.
Need faster cash?
Apply online, and IMMEDIATELY pick up cash at a
Speedy Cash store near you!
What do I need to apply online?
Some consumers would prefer to hear a friendly voice on the other end of the phone when applying for a loan. Our Customer Service Representatives are standing by to talk you through the application process step-by-step. Applying takes only minutes. Call us toll-free at 1-888-222-1014 to get an instant approval decision, and have your funds directly deposited into your bank account. Bank of America customers will get funds deposited into their account in as little as two hours, other banking customers will have funds deposited within one business day.
What do I need to apply by phone?
Visit one of our 100+ stores located in Alabama , Arizona, California, Colorado, Kansas, Missouri, Nevada, Oregon, Texas, and Washington. Our Customer Service Advocates will walk you through the application process, help you decide the best loan amount, inform you about the repayment process, and assist you with any other financial needs - such as check cashing or selling your gold for cash.
What do I need to apply in store?
Depending on your state, we offer cash advance loans up to $1,500. They're due to be repaid on your next payday, whether it's a two-week period or a month. Having a bad credit score doesn't disqualify you from receiving a cash advance loan. Get in touch with us; we are available to work with you through every step of the process to ensure your best short-term financial solution.
Any way you decide to work with us, we'll be here to support you and help you through the process. You can contact us at 1-888-333-1360 with any questions or e-mail us at customerservice@speedycash.com.
How Can Speedy Roo Help You?
You should have access to cash whenever you need it! From a leaky roof, to an injury that requires hospitalization, emergencies and financial shortfalls can occur unexpectedly.
Roo and the loan professionals at Speedy Cash want to help you with a cash advance designed to get you fast cash when you need it the most!
