error This company may not service all states.

Since opening its first store in 1997 to introducing online loans in 2008, Speedy Cash has become one of the largest, fastest-growing providers of short-term loans and consumer financial services for people in the United States who have less-than-perfect credit. 

The company offers a variety of convenient, easily-accessible financial services for emergency cash situations. Products include the following:

  • Payday loans
  • Title loans
  • Installment loans
  • Lines of credit
  • Check cashing
  • Money orders
  • Prepaid cards 

Speedy Cash is a member of the Online Lenders Alliance and offers loans in physical locations, online, over the phone, and via a free mobile app.

The company also gives borrowers the option to choose to receive online funds instantly with a debit card. In fact, Speedy Cash is one of the first online lenders to offer this type of instant funding option. 

Keep reading for pros and cons, plus Speedy Cash reviews from real customers. 

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The Good

  • Loan Options
  • Lending Policies
  • Instant Funding
  • Application Process
  • Customer Service
  • Security Center
  • Responsible Lender

Loan Options

Speedy Cash provides a variety of loan options: 

  • Payday loans — These loans are also known as cash advance loans, deferred deposit loans, and payday advance loans. Payday loans are typically due to be repaid in full on the borrower's next payday and do not require a high credit score for approval.
  • Installment loans — These loans are paid back with equal payments over time with a set number of scheduled payments. Typically these payments are scheduled around the borrower's payday.
  • Title loans These types of loans allow the borrower to use their vehicle title as collateral. The loan amount is based on the value of the vehicle. The lender's name will be based on their title until the loan is paid in full.
  • Personal lines of credit Similar to a credit card, this is a loan where the borrower is approved for a maximum loan amount and can take out money as needed until the maximum limit is reached.

Speedy Cash provides detailed information regarding maximum loan amounts, example finance charges and APR (annual percentage rate) ranges for its loan products on its rates and terms website page. Typically, Speedy Cash offers loans from $50-$26,000.

Lending Policies

Along with several loan options, Speedy Cash has a few policies that we would like to highlight:

  • 72-hour satisfaction guarantee — If a customer takes out a loan and then changes their mind, they can return the funds without paying any fees. 
  • No early payment fees — If customers decide to repay the balance before the end of the loan term, there are no early prepayment penalty fees. Depending on the type of loan, early payoff can save borrowers money on interest and fees. 
  • Credit limit increases — Speedy Cash regularly reviews its customers' payment history and will offer credit limit increases (or a higher loan amount) to qualifying customers.

Instant Funding

Speedy Cash is one of the first online lenders to offer an option to receive online loan funds instantly to a debit card. 

Debit card information must be provided on the online application and if a customer's debit card qualifies, "Instant Funding to a Debit Card" will appear as a funding option.

Application Process

In many cases, online applicants are presented with a lending decision in a matter of minutes after completing their loan application. 

Some applicants may be asked to provide further documentation, such as a valid form of identification for security purposes or proof of income, before receiving a decision. These documents can be provided in the form of a screenshot, fax, or email.

The company's in-store application process is also fairly quick. From the application to receiving cash, the process is about ten minutes. This process guarantees same-day cash if the application is approved.

Speedy Cash has the following basic loan eligibility requirements:

  • Meet the age requirements in your state (18 in most states)
  • Valid photo ID
  • Email address 
  • A steady source of income 
  • Checking account

Customer Service

Several customer service contact methods are available for borrowers who have questions about their loans. 

Speedy Cash has a U.S.-based call center that takes phone calls seven days a week. Representatives assist with taking payments, refinancing loans, and applying for a loan over the phone. Customers have the option to search for their local representatives and storefront on the company's website by simply selecting the state that they are currently residing in. 

Security Center

There appear to be a significant number of scammers who try to gain access to consumer money by claiming to be Speedy Cash.

Speedy Cash aims to protect consumers and combat scams with an online security center that details known debt collection and loan scams, as well as warning signs for these scams.

The security center includes the email and phone number for the Fraud Department, so customers can easily report any suspicious communications from Speedy Cash to verify validity.

Responsible Lender

Speedy Cash belongs to the Online Lenders Alliance, which is a trade association that ensures borrowers are fully informed and fairly treated. 

By being a member, Speedy Cash must adhere to the alliance's Code of Conduct and Best Practices.

Speedy Cash is licensed in all states that require a license. The company displays the license for each state on the rates and terms pages on its website.

The Bad

  • Loan Availability
  • Consumer Loan Cost
  • Additional Fees to Pay

Loan Availability 

This lender has broad availability across the United States, but it should be noted that its loan services are not available in all states. 

Currently, Speedy Cash loans are available in 28 out of 50 states. Potential borrowers should check if this lender is available in their state before beginning their loan application. 

Consumer Loan Cost

As with all short-term lending options, payday loan lenders can have high interest rates, up to several hundred percent APR. 

Potential borrowers should remember that these types of loans should be used for short-term financial needs only and not as a long-term financial solution. 

It's also worth noting that many of the loans Speedy Cash offers have loan terms less than a year. This means that looking just at the APR can make the interest look higher than it actually is. 

Additional Fees to Pay 

When customers borrow a loan with Speedy Cash, they could be faced with additional fees. With a Speedy Cash line of credit, fees are based on daily interest. 

Because the loan terms vary by state and product, borrowers should be prepared to read the terms of their specific loan very carefully before signing any loan documents. 

The Bottom Line

Speedy Cash has over 23 years of experience as a short-term lender and is one of the most recognizable in the industry, providing a variety of services for borrowers who may be looking for a payday loan, installment loan, or money order among other offerings. However, Speedy Cash payday and installment loans are not available in every state. Additionally, users may face additional transaction fees when borrowing from this lender.

With Speedy Cash, borrowers have the option to select from a wide range of small-dollar loans that will fit many different types of short-term financial needs. 

The company's security center helps borrowers practice financial safety and offers a way to receive loans that are eligible and fraud free. 

Potential customers should note that Speedy Cash is recognized as a responsible lender and offers a free mobile app, as well as an instant funding option. 

As with all bad credit personal loan or payday loan providers, this is not a long-term financial solution, and if borrowers fail to make payments, they can end up deeper in debt.

Those interested in Speedy Cash can visit the company's website and read customer reviews to learn more about the company's lending services. 

View Best Payday Loans

Speedy Cash Frequently Asked Questions

How quickly can I get my money when I apply for a loan with Speedy Cash?

How quickly you get your cash depends on the funding method you select.  Speedy cash offers three different ways to receive cash if you are approved online:

  • Instant Funding — This is the quickest way to get your cash; it’s instant. If your debit card qualifies, instant funding will be available as a funding option.
  • Direct Deposit — If you choose direct deposit, when you receive your funds will depend on when your bank posts ACH credits to your bank account. If you apply Monday–Thursday before 7:15 p.m. CST you should receive your funds the next business day.
  • Cash at Store Pickup — If you’re near a Speedy Cash location, then you have the option to pick up cash at a store. Cash at Store Pick Up is available right away.

How do Speedy Cash Loans work?

The application process varies based on the type of loan you are applying for. In general, the process is as follows:

  1. Complete a loan application.
  2. Receive a lending decision.
  3. If approved, review and sign your loan documents.
  4. Receive your cash.
  5. Pay back your loan as defined in your loan agreement.

Where do I apply for a loan from Speedy Cash?

Speedy Cash offers multiple ways to apply for a loan:

  • At a Speedy Cash location
  • Over the phone 
  • Online via the website
  • Mobile app available through the App Store

User Reviews

Star Rating

2.7
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16 Reviews

Review Breakdown

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Ashley

January 26th, 2021 Houston, TX DETAILS arrow_drop_down
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They are terrible. The interest is way too high. Please understand you’ll be more in debt because of them. I will never recommend them to anyone. I’ve paid all my payments on time, which they pulled from my account on dates I did not agree to. Please DO NOT use them.

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Joshua Lopez

January 19th, 2021 Atlanta, GA DETAILS arrow_drop_down
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‘Twas quick and simple after signing a bunch of important stuff that was summarized by the nice lady.

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Scott Singer

April 12th, 2020 Detroit, MI DETAILS arrow_drop_down
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I got laid off,. Speedy Cash was very easy to work with and a huge help.

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Frances Savage

February 18th, 2020 Chicago, IL DETAILS arrow_drop_down
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Speedy Cash is very unkind they don’t care if you have death in your family and you ask for 5 days they say no. I have never not paid off my loan I always make my payments on the days that they gave me and in my time of need they say no we can’t help you and you can not get another extension. I will never get money from them again

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Reply from Speedy Cash

Dec 04, 2020

I'm sorry to hear about your experience, Frances. I appreciate you taking the time to leave your feedback. Are you still in need of assistance? If so, please reach out to our team at [email protected] and let us know the best way to contact you. If this has been resolved, we hope that you'll give us a second chance if you need us in the future.

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Michelle Kujawa

January 27th, 2020 Richmond, TX

I recently visited a Speedy Cash store for the first time located at 10884 W Bellfort St., Houston, TX. 77099 on 1/20/20. Liz and the manager Evelyn, both deserve 5 stars. They treated me with respect and dignity and reviewed everything thoroughly to ensure I understood the terms and conditions of my loan. Evelyn especially made me feel as if I was speaking with a good friend towards the end of the transaction. I highly recommend Liz, Evelyn and this particular store to anyone looking to obtain a loan :-)

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crista farley

January 14th, 2020 Nashville, TN DETAILS arrow_drop_down
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They are insane with interest rate. The customer service is beyond terrible i mean if you enjoy feeling like a loser to a company your paying your entire paycheck back to may be your cup of tea. The app is horrible and messed up it took 2 payments from me 4 days after i attempted to submit it and it never showed it was submitted correctly so they threw me unde the bus immediately with no hesitation. So i wouldnt recommend if need some extra cash id rather go get stabbed with a giant needle and donate some plasma.

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Reply from Speedy Cash

Dec 04, 2020

Yes, you are correct, Crista - our loans are high-interest, high-cost loans and should only be used when all other options have been exhausted. Part of being a responsible lender is making sure our customers fully understand any interest/fees associated with their loan. We'd be happy to chat with you about this. We also would like to hear more about your experience with the mobile app. Could you please contact us at [email protected] with the best way to reach you?

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Kevin Mills

December 28th, 2019 Dallas, TX DETAILS arrow_drop_down
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I have used Rapid Cash/Speedy cash in the pass and no problems;but they have totally pissed me off. First, if you use Speedy Cash; don't wait for them to deduct your payments (Make your payments manually, early). I took out an installment loan online and they were deducting my payments from my checking account. My last payment that was deducted was more than double what it was suppose to be (It was suppose to be $50.51, but they took $109.30). They said, that a few of my payments were late; I told them that they were deducting the payments from my account... I highly reccommend finding a different loan place...

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Reply from Speedy Cash

Dec 04, 2020

Yikes, Kevin - that doesn't sound like our automatic payment policy. Thank you for taking the time to share your experience. And let us apologize for taking so long to reply. We are passing your experience along, as this is not the way we like our customers to be treated. Please accept our sincerest apologies. If you have additional feedback you would like to provide, please send it to [email protected]

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J

October 27th, 2019 San Antonio, TX DETAILS arrow_drop_down
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No problem getting a payday loan that is within my pay range. Just a couple $100 and would pay it back when I get paid, a few days later, "PAYDAY LOAN". I was told that I'd get blacklisted for paying it back... on payday... before any fees, I was "abusing the system"!!! If you use it for what it is, awesome place. Although they prey on the weak, it is very helpful to those actually need it.

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Carolyn

October 10th, 2019 Aurora, IL

DO NOT TRUST THESE EVIL SHADDY RACIST LYING LOW LIVES AT SPEEDY CASH. THE CRAZY MISERABLE LYING STORE MANAGER ERICA L.,WILL LIE TO YOUR FACE... WITH SELECTIVE CUSTOMERS SHE CHOOSES TO DENY LOANS TO...SIMPLY TO BE EVIL AND TO ELEVATE HER OWN CRAZY MISERABLE SELF...BY TELLING YOU, YOU ARE DENIED AN INSTALLMENT LOAN IN OUR SYSTEM BUT SHE DOESN'T KNOW WHY. I went on to contact Veritec Solutions, LLC and the State of Illinois to find out exactly what was the reason...l was informed by each state agent/rep...Speedy Cash DID NOT SUBMIT MY APPLICATION FOR A LOAN AT ALL AND...the EVIL LYING SICK SPEEDY CASH MANAGER ERICA L...Is providing mis-informed information by stating l was denied by the State of Illinois!!!! Also, Erica had the AUDACITY to mis-informed me...SPEEDY CASH DOESN'T GIVE PAY DAY LOANS. Erica also was STUPID ENOUGH TO THINK I WOULDN'T CALL THE AURORA ILLINOIS POLICE ON HER WHILE AT THERE SHADDY UNPROFESSIONAL STORE IN ORDER TO FILE A REPORT AGAINST THERE LOCATION AT 1218 N. LAKE STREET, AURORA ILLINOIS 60506 AND REPORT THIS ILLEGAL BUSINESS TO THE STATE. ALSO, SHE WASS IGNORANT ENOUGH TO TELL THE POLICE TO TELL ME...SHE NEVER WANT ME TO COME BACK TO THERE STORE AGAIN. ERICA IS SIMPLY SOOOOO STUPID TO EVEN THINK I WOULD EVER WANT TO COME BACK THERE EVER TO DO BUSINESS WITH HER EVIL LYING SILLY DISCRIMINATORY EXTORTIONISTS WAYS. ANYWAY...SEE YOU IN COURT FOR FALSELY LYING TO POTENTIAL CUSTOMERS JUST BECAUSE YOU FEEL YOU CAN GET AWAY WITH IT. ERICA AND SPEEDY CASH HAS MESSED ILLEGALLY WITH THE WRONG CHILD OF ALMIGHTY GOD.

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Huey

July 23rd, 2019 Ogden, UT DETAILS arrow_drop_down
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Speedy cash recently has been horrible. I changed my debit card on the app because i got a new account with my bank. But recently i noticed that I've been getting overdraft charges to my account because they been trying to use the old debit card because i didn't delete it even though i card on my app. I was charged 25 twice this month and i thought it was due because payments were late but they were late because they would use the wrong debit card, then after it didn't procress i would get charged an overdraft fee, then they will use the new card to process the payment but leave me paying off the overdraft fees that shouldn't even exist. I rate speedy cash services 2 and wouldn't recommend any services like them. Youll end up paying double to triple the amount you borrowed. So watch out.

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Cecilia Richardson

May 13th, 2019 Conway, SC DETAILS arrow_drop_down
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They took an additional 2 payments out of my account by mistake and still have not refunded the money they owe. My bank account is in the negative and is getting charged an additional 35 dollars because they made a mistake. The point of getting these loans are to help one’s financial situation not make them worse.

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Reply from Speedy Cash

Dec 04, 2020

Hi Cecilia, first off, we apologize for the delay in responding. Were you able to get your issue resolved? If not, please email us at [email protected] with the best way to contact you.

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Vincent E Jennings Sr D.D

February 18th, 2019 San Antonio, TX DETAILS arrow_drop_down
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After posting my review of the poor service I received after a payment arrangement went sour and Speedy Cash wiped my bank account and mortgage payment; I was contacted by the Regional Manager. I I appreciate that he addressed my issue and was able to refund my full amount back to me so I could preserve my homestead and impressively he also forgave the loan that I'd already paid more than double into because I was unable to compete with the interest rate. I am appreciative that someone heard my voice and was brave enough to right the wrong. Thank you Speedy Cash.

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StormyMorning

February 18th, 2019 Salt Lake City, UT DETAILS arrow_drop_down
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I used Speedy Cash in 2015 when money was tight, it definitely helped. Its now 2019 and I forgot that I even had an account. Today I called to cancel the possibility of a loan, remove my online account and ESPECIALLY remove my bank information from that online account. They are telling me its not possible to do either, but if I want to stop receiving email notifications they could do that. I asked how that would protect me if there was ever a possible breach to my account. They continued to insist that they absolutely cannot remove my information for "auditing purposes". How is this legal?? i don't want my bank account information online or in their system, I no longer want to be a customer so you absolutely should at least remove my bank information. They insist it isn't possible, um it IS possible its a record in a database, you are choosing not to delete it. Do not do business with this company because your information will forever be available on the web, if they ever have a data breach my information will be in danger.

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Troy Siren

June 29th, 2018 Gilbert, AZ

Was skeptical at first about a loan, but they were clear in their terms, rate and payback date. They helped a ton.

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Chris Alonzo

June 24th, 2018 Gilbert, AZ DETAILS arrow_drop_down
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Speedy Cash was there for me when I had a cash emergency. The staff was very friendly and helpful they really made me feel comfortable. Everything about the loan was explained in detail and all my questions were answered immediately.

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Abbey Gardner

April 12th, 2018 Carson City, NV DETAILS arrow_drop_down
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Quick, easy, and gave me a large enough loan that I did not need to go and try and get a loan anywhere else. Thank you!

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