Speedy Cash Loans Review

Speedy Cash Loans Review

Fast loans up to $1,500 if you have bad credit but APRs are up to 680% and origination fees can be as high as $420.

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Speedy cash loans are a fast solution for someone with bad credit looking for a payday loan. They’re only available in select states and beware high interest rates and origination fees.

Speedy Cash is an online lending solution that has been around since 1997. The company has three main loan options: payday, installment, and car title loans ranging from $100 to $26,000. The application process with Speedy Cash loans is fairly easy, has just a few basic requirements, and approval takes very little time. 

The best thing about Speedy Cash is it doesn’t perform hard credit checks but only identification checks with Trans Union. The company understands how difficult it is to get a loan with bad credit and ensures that its customers will be approved as long as they are capable of paying the loan regardless of credit score.

  • Get approved with bad credit score
  • Funding in 15 minutes available
  • Get approved with bad credit score
  • You can pay off loans early without penalties
  • Supports automatic payments
  • High-interest rates up to 680% APR depending on loan type and state
  • Origination fees can range from $5.36 to $420
  • It’s not available in all states

What is Speedy Cash?

Many companies are offering easy loans to people who need fast cash without the usual hassle-filled processes associated with traditional loans. However, most of these companies act as middlemen between creditors and debtors. Speedy Cash is a direct lender, meaning that no third parties are involved with your transactions, and the entire process is relatively faster. The company also guarantees its customers that their information stays with them and isn’t sold to other entities.

Speedy Cash Loans Features

  • Payday Loans – you can apply for a payday loan with Speedy Cash online or at their storefront location. This is a loan that you pay every payday. It’s a short-term, high-cost type of loan that amounts to a maximum of $1500. 
  • Installment Loan – with an installment loan, you can get a larger sum of money of up to $5000. Loan repayment is made through a set number of scheduled payments. Installment loans usually have a longer repayment period compared to payday loans. 
  • Car Title Loan – this is a secured loan where you use your car title as collateral and get up to $26000. A lien will be placed on your title until the completion of payments.

Speedy Cash Loan Requirements

Here are the loan requirements when applying for a loan with Speedy Cash:

  • Residency: You should be a US Citizen or a  green card holder to get a loan.
  • Age: The usual age requirement is 18 years old. This may vary depending on which state you’re in. In Alabama, you’ll need to be 19 years old to be able to apply.
  • Identification: Driver’s license/Proof of identity
  • Income: you should have proof of steady income. The lending company looks at your income to determine how much money you can borrow. 
  • Bank account: You should have an open and active checking account 
  • Contact number: You should have a working phone number

Is Speedy Cash Legit?

Yes, Speedy Cash is legit. Speedy Cash has been in business for 26 years and is one of the most popular loan options for people who are in need of short-term loans or quick financial solutions for emergency use. It has been one of the go-to lending options for individuals with bad credit scores because of its lenient requirements.

Trustpilot reviews

It has 4.3 out of 5 Trustpilot ratings, mainly for its customer service, quick processing time, and straightforward online and storefront application. The company has a total of 8,844 customer feedback on the review website, with 80 percent being 5-star reviews and 10 percent being 4-star reviews. 

BBB reviews

They have an A+ rating on BBB but aren’t accredited and have had 95 complaints in the last 12 months.

What makes them stand out

  • You can get a loan regardless of your credit score. The company does not perform hard checks on borrowers’ credit scores, but only considers their ability to repay the loan.
  • Get approved on the spot or within 10 minutes. The application and review process is very quick compared to other lending companies. This is because the company is a direct lender and does not have to turn over the review process to another company. 
  • After approval, you’ll get your money right away.

Why you’ll want to look elsewhere

  • High-interest rates – compared to other loan options, quick loans have a higher interest rate that can reach up to 680% APR depending on the state. Taking loans from this company is only advisable for emergency situations or unexpected expenses wherein immediate release of the money is critical.
  • Availability – It doesn’t offer in-store services in some states. Currently, you can only find stores in Texas, Tennessee, Oregon, Washington, Nevada, Missouri, Mississippi, Louisiana, Kansas, Colorado, California, Arizona, and Alabama.

Sites like Speedy Cash

  • Check n’ Go – is a direct payday lender in the United States. Like Speedy Cash, they’ve also been in the market for more than 20 years. Their availability is much better, with 600 store locations around the US and online services. The company also offers payday and installment loans.
  • LendUp – Founded in 2012, LendUp is a private direct lender that offers payday loans, installment loans and credit cards to individuals with low credit scores.
  • 5kFunds – 5kFunds is a loan marketplace where you apply once and get matched with a few lenders who are likely to approve you for a loan. They work with over 100 trusted lenders that offer loans up to $50,000 with 1-day processing and repayment schedules of up to 72 months.

How to apply for a loan online with Speedy Cash

Here are the steps you need to take to apply for a loan online:

  • Go to Speedy Cash’s website and apply 100% online
  • Choose the desired loan amount
  • Enter your personal information
  • Wait for the completion of the review process. You can get approved on the spot or within 10 minutes 
  • Review and sign your loan documents
  • Receive your money through your debit card or direct deposit to your bank. This may take up to one business day

Wrapping up

If you’re looking for a legitimate lender to provide you with a payday loan for an emergency or an unexpected expense, Speedy Cash loans is a good option to consider. They are a legit online lender accepting applicants with bad credit, fast approval and cash as fast as 15 minutes of being approved.

Be careful of the dangerously high interest rates and only use payday loans in an emergency.

Frequently asked questions

What is the Speedy Cash interest rate?

Their interest rates range from 132% up to 680%. This may change by state.

Who is Speedy Cash associated with?

They are a member of the Online Lenders Alliance (OLA). OLA is an association that helps borrowers identify good lending decisions and prevents unfair treatment between both lenders and borrowers.

How fast is Speedy Cash?

After applying for a loan, it takes around 10 minutes to get approved. Then, you’ll proceed with signing the loan documents and choosing a funding method before you receive your money.

How quickly can I get my cash with Instant Funding?

Most funds are deposited within 15 minutes of loan completion. Loan completion means that you have been approved for the loan, have signed your documents online, and have selected instant funding as your funding method

Speedy Cash

Loans: $500-$26,000

APR: Up to 680% 

Credit score: Bad credit OK

Application simplicity
User experience
Customer Service
3.5 Overall Rating

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Speedy Cash Loans Review