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Payday Lender Associations and Licenses

There are a number of payday lender associations and payday loan licenses that protect you, the consumer. Here is a breakdown of the major payday loan associations and types of licenses that you will want to look for when considering a payday lender. While this list identifies some of the major payday loan associations, it does not identify all of them.


The Online Lenders Alliance (OLA) works to protect the online lending industry against potential damage caused by unscrupulous lenders. The mission of the OLA is to promote a diverse and responsible marketplace for access to innovative online financial services through education, communication, collaboration and advocacy with policy makers and opinion leaders. All member companies have agreed to a List of Best Practices and a Code of Conduct that ensure consumers are fully informed and treated fairly. Lenders that are OLA members will typically display the OLA logo on their website.

Speedy Cash is proud member of OLA!

State Licensed

Many states have consumer protection laws that apply to payday loans and regulated lenders. These laws regulate how much you can borrow and the fees you are charged. A lender that is state licensed simply means that – they are licensed to lend in that state and abide by its regulations. These lenders are required to apply, register and remain compliant in all states in which they are licensed. State licensed lenders undergo regular audits to ensure compliance with the state’s regulations.

Before applying for a payday advance, check to see that the payday loan company that you are dealing with is licensed to operate in your state. There are states where payday loans are illegal. State licenses are typically displayed on rates and terms web pages on a lender’s website, or displayed in the store. If you are unsure if a lender is licensed in your state, you can check with your state bank regulator to ensure that you’re borrowing from a legitimate company. Please note that some states do not require a state license, depending on the product that is offered in your state.

Speedy Cash is state licensed in every state that requires a license for the products we offer.

Speedy Cash Payday Loans

Ready to start your payday loan application? Speedy Cash maintains licenses in every state in which we lend and abides by all payday loan best practices to ensure a fair loan experience every time.

Direct Lender*

State Licensed

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*In Texas, Speedy Cash operates as a Registered Credit Access Business (CAB). The actual Lender is an unaffiliated third party.

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Product types and maximum loan amounts vary by market. Subject to state regulations, eligibility, credit check, underwriting and approval. Rates, terms and conditions apply. 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.

Short term loans should be used for short-term financial needs and not as a long-term financial solution. Customers with credit difficulties should seek credit counseling.

The credit decision on your application may be based in whole or in part on information obtained from a national database including, but not limited to, TransUnion, Equifax, LexisNexis or FactorTrust, Inc.

Instant funding is not applicable for all debit cards and is not available in New Mexico, Ohio, Oklahoma, Oregon, or South Carolina. Subject to system limitations. Some restrictions may apply.

Cash advances only available up to approved credit limit; some restrictions may apply.

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.

Alabama: Minimum age to apply in Alabama is 19.

California: Deferred deposit loans are provided in accordance with the Department of Financial Protection and Innovation pursuant to California Deferred Deposit Transaction Law, Cal. Fin. Code §23000 et seq.

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.

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 and/or currency exchange business as an authorized delegate of MoneyGram Payment Systems, Inc. under Chapter 151 of the Texas Finance Code. If you have a complaint, first contact MoneyGram Payment Systems, Inc. at 1-800-MONEYGRAM. If you still have an unresolved complaint regarding the company’s money transmission or currency exchange activity, please direct your complaint to the Texas Department of Banking: 2601 North Lamar Boulevard, Austin, TX 78705-4294, 1-877-276-5554 (toll free),

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