How Do Speedy Cash Loans Work?

At Speedy Cash, we know the types of hurdles most people have to jump over to get a loan, and we don’t want our Customers to be intimidated by long applications and strict requirements. That’s why we offer easy, consumer-friendly loan products that get our Customers in and out of Speedy Cash stores quickly. We feature payday loans, title loans, personal line of credit loans, and installment loans – all of which are simple to apply for.

Types of Loans from Speedy Cash

Payday Loans

These loans are designed for Customers who need an advance on their next paycheck. Loans are short term and are the fastest loan option available to our Customers. You’ll need your valid ID, proof of income, and a checking account. Best for emergency cash, such as new tires or an unexpected doctor’s visit.

Title Loans

These loans are designed for Customers who do not wish to base their loan eligibility on income, but rather on the equity they have in their vehicles. You’ll need your clear title, proof of your address, a valid ID, and the vehicle you wish to use as collateral for your loan. Best for people with vehicles that are paid in full and don't want to use their income for loan eligibility.

Installment Loans

These loans are designed for Customers who need to borrow large sums of cash unavailable through our payday loans. Installment loans have longer repayment terms and fixed interest rates. You’ll need a valid ID and proof of your monthly income to apply. Best for people who need to make a large purchase and need extended time for repayment.

Line of Credit Loans

These loans are designed for Customers who may need access to additional funds over a period of time. Personal lines of credit have flexible repayment terms accrue daily interest, and provide access to more cash as you pay down your loan. You’ll need to have a checking account to apply. Best for people need access to cash to manage a monthly budget.

Still Have Questions About Speedy Cash Loans?

Apply with Ease

You can start the application process online, by phone or in a Speedy Cash store. There is no appointment necessary for in-store applications, and online applications are accepted 24 hours a day. You can trust Speedy Cash to provide you with excellent service that is compliant with CFSA best practices. Simply complete the application, including information about your job and income. Choose your preferred loan type – selecting from a payday loan, installment loan, title loan, or line of credit. Review is instant, and approvals are usually granted within minutes of applying. The money you borrow is yours to use as you wish, and payments are easily scheduled for automatic ACH withdrawal from your checking account. Early payoff is accepted without penalty, and due date extensions are available to Customers who cannot afford to repay their loans in full on their next pay day.

Get Cash Now!

If you could use some extra money, but aren’t sure if there is a Speedy Cash loan for you, visit one of our stores or call us today to speak with a Speedy Cash representative. We will walk you through the borrowing process from start to finish, and we will work hard to ensure your application and approval time is as quick and easy as possible.

Speedy Cash Loan FAQs

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)
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

Customer Notice:
There are a wide variety of loan products available in the marketplace, so your choice of lending products should match your financial needs. Small-dollar loans used over a long period of time can be expensive.

Subject to state regulations, eligibility, credit check, underwriting and approval. Rates, terms and conditions apply. Installment title loans subject to minimum auto value requirements. See associate for details. Lending decisions and funding times subject to system limitations. Some applications may require additional verification, which can delay the lending decision. Same day funding only available for Opt+ cardholders and in-store pickup. Minimum age to apply in Alabama is 19.

NOTICE: The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant's income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The Federal agency that administers compliance with this law concerning this creditor is the Consumer Financial Protection Bureau, 1700 G Street NW, Washington DC 20006 and the Federal Trade Commission, Equal Credit Opportunity, Washington DC 20580.

In Texas, Speedy Cash operates as a Registered Credit Access Business (CAB). The actual Lender is an unaffiliated third party. Speedy Cash engages in the money transmission business as an authorized delegate of Western Union Financial Services, Inc. under Chapter 151 of the Texas Finance Code. Speedy Cash engages in the money transmission and/or currency exchange business as an authorized delegate of MoneyGram Payment Systems, Inc. and Western Union Financial Services under Chapter 151 of the Texas Finance Code.

In Ohio, SCIL, Inc. dba Speedy Cash, is a registered Ohio Credit Services Organization (CS.900174.000) operating pursuant to the Ohio Credit Services Organization Act. The actual lender is an unaffiliated third party. The Ohio laws against discrimination require that all creditors make credit equally available to all credit worthy customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio civil rights commission administers compliance with this law.

CA: Licensed by the California Department of Business Oversight pursuant to the California Deferred Deposit Transaction Law. California loans other than deferred deposit loans are issued pursuant to the California Financing Law. Installment Title Loans subject to minimum auto value requirements.

New Mexico: This lender is licensed and regulated by the New Mexico Regulation and Licensing Department, Financial Institutions Division, P.O. Box 25101, 2550 Cerrillos Road, Santa Fe, New Mexico 87504. To report any unresolved problems or complaints, contact the division by telephone at (505) 476-4885 or visit the website http://www.rld.state.nm.us/financialinstitutions/.

Nevada: The use of check-cashing services, deferred deposit loan services, high-interest loan services or title loan services should be used for short-term financial needs only and not as a long-term financial solution. Customers with credit difficulties should seek credit counseling before entering into any loan transaction.

Tennessee: The State of Tennessee requires a minimum principal reduction. In order to comply with the minimum state-required principal reduction, Speedy Cash requires that minimum payments include a principal reduction of 2% or $2.50 for Customers who get paid bi-weekly/twice-a-month, or 4% or $5 for Customers who get paid monthly, whichever is greater.

Opt+: This card is issued by Axiom Bank or Metropolitan Commercial Bank, Member FDIC, pursuant to a license from Visa. Visa is a registered trademark of Visa USA Inc. All trademarks and service marks are property of their respective owners. ATM: Free withdrawals at any Speedy Cash or Rapid Cash location. Transaction fees will apply for all other ATMs. No charge loads/unloads at Speedy Cash and Rapid Cash locations only.

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