Line of Credit Loans

With a line of credit loan from Speedy Cash, you apply only once and can request cash advances as often as you need up to your available credit limit. There are several repayment options to choose from, including making minimum payments gradually over time or repaying your balance in full to reduce interest.

* Other fees may apply.

How Does a Line of Credit Loan Work?

Being short on cash is never an ideal situation - that's why Speedy Cash offers quick loans in the form of a personal line of credit. Unlike typical payday loans and installment loans, line of credit loans give you the freedom to borrow what you need, when you need it. Borrow only what you need now, paying interest only on the amount you actually borrow. You decide whether to pay the minimum amount due on your due date, or to make larger payments to reduce your balance more quickly. As you make payments, you can take out additional cash advances (up to your approved credit limit), giving you control over how and when you use your funds. Should you choose, we will even keep your line of credit open with a zero balance for up to one year.

Paying more than the minimum payment is encouraged so that you pay less in interest charges. As a Speedy Cash Customer, you will never be penalized for paying off early. Once your balance is paid in full, we will even keep your line of credit open, so that you can get more cash in the future if you should need it.

Line of Credit Loan Questions

A: The maximum amount you can borrow from Speedy Cash depends on a variety of factors including your monthly income, credit score, and maximum loan amount available in your state. To see the maximum amount available in your state, view your state’s loan page.

A: When applying for a line of credit loan from Speedy Cash, you will need the following to get started:

Form of Identification
Steady source of income
Open and active checking account

A: Whether you visit a Speedy Cash store or decide to apply online, you have the option to get cash in your hands the same day you apply, and in some cases, even instantly! Here is a breakdown of how long you can expect your loan process to take:

Apply at a Speedy Cash Store - Simply apply for a loan, providing documentation of your age, identity, income and checking account. You could be approved for a loan on the spot – often in just 10 minutes or less. Upon approval, you will receive your cash right away.
Apply Online – Complete your loan application in a matter of minutes. Upon submitting your application, we will provide you with an instant lending decision. If approved, you can select how you would like to receive your loan funds – which can change how long it will take to receive your funds.

  • Instant Funding to Opt+: Have your funds instantly loaded to your opt+ Visa card (subject to system limitations). This is the fastest funding option available.
  • Cash at Store Pickup: If you live near a Speedy Cash store, then you can choose to pick up your cash there. Your cash will be available for immediate pick up.
  • Direct Deposit: If you choose to have your funds direct deposited to your bank account, you will typically receive your funds by the next business day.

A: Your first loan payment will be due on your next pay date that is at least 16 days in the future. Payments include a percentage of the loan's principal balance, plus the accrued interest.

A: Daily interest will be charged on the amount you borrow, but you only have to pay interest for the time you borrow the money. And you can choose to pay off your balance at any time — putting you in control of the amount you pay.

A: Need more cash? As you pay down your loan, you can immediately receive more cash up to your credit limit. You can access your available credit by signing into your account online or via the Speedy Cash app, or by visiting a Speedy Cash location.

A: Speedy Cash encourages all of our customers to only borrow what they can afford to pay back on their next pay date. However, we understand that emergencies happen. If you are unable to repay your loan, give us a call or pop into a store. We may be able to change your due date or work out an alternate payment plan.

Have more questions?

Visit our FAQ page.

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. Same day funding only available for Opt+ cardholders and in-store pickup. Minimum age to apply in Alabama is 19. A single payday advance is typically for two to four weeks. However, borrowers often use these loans over a period of months, which can be expensive. Payday advances are not recommended as long-term financial solutions. Customers with credit difficulties should seek consumer credit counseling.

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.

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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