Payday Loans
Direct Lender

With so many lenders in the market all promising to be the best, it's easy to get overwhelmed when searching for a payday lender. To help you stay sane in your search for the right lender for your needs, Speedy Cash has outlined what it means to be a payday loans direct lender, and how direct lenders differ from the others.

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Speedy Cash - Your Online Payday Loans Direct Lender*

Quick Loans Since 1997

Speedy Cash has been providing cash loans since 1997. Over the years, our loan types have evolved to meet our Customers' needs.

Secure Online Application

Speedy Cash offers a 100% online payday loan application that is encrypted for your security.

Instant Lending Decision

Submit your loan application online and we will provide you with an immediate lending decision.

*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 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.

What's the Difference Between Non-Direct & Direct?

To understand how direct payday lenders are different from non-direct lenders, you must first understand how direct lender payday loans work. When you apply for a loan with direct lenders, you are applying directly with them meaning they will process your application, fund approved loans, and process loan payments.

When lenders are not direct payday loan lenders, it typically means that they will either collect your information and then send it on to several different lenders to attempt to get you approved for the amount that you are seeking (typically these are lead generators), or they will process your application and then work with a third party lender to fund your payday loan (typically these are state-registered CSOs).

Direct Lender vs. Non-Direct Lenders

  Collects Personal
Information
Processes
Application
Funds Loan Processes Payment
Direct Lender
Credit Service Organizations
& Credit Access Businesses
Lead Generators

How Can I Spot Direct Payday Lenders?

If you don't know whether or not the lender you are applying with is a direct lender, take a look around their website. Look specifically in the fine print at the bottom of the website. If they mention matching you with a lender, or require a third party to get you your funds, then they are most likely NOT a direct lender.

Apply for a Speedy Cash Payday Loan

Speedy Cash is a direct online lender. Apply for a payday loan 100% online and receive an instant lending decision!

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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