The company “Speedy Cash” appeared on the microfinance services market in 1997. It was this company that began to issue the first money before salary, on credit, to a bank card. The essence of its work is to issue small amounts of debt for a short period.
SpeedyCash works the same as its US counterparts – quickly, simply, and easily. Feedback from people about the service is mainly negative. Citizens note the transparency of its work, high-quality service, and an intuitive site interface, but admit that this corporate still has something to improve.
- APR 260% – 680%%,
- min max loan amount $50 – $26,000,
- max loan term 18 months,
- number of states 30 states
How Speedy Cash Works?
In order to take out a loan in speedycash.com, you don’t need to spend a lot of time, microfinance organizations work very quickly and are ready to cooperate with almost all US citizens. If you decide to apply for a loan, you must first familiarize yourself with the rules and principles of the company, so as not to violate the loan agreement, and not to encounter unexpected problems.
When applying for loans in a microfinance organization, you need to be prepared for the fact that any loan is subject to interest rates, and interest is accrued not every month, as in banks, but daily.
In order to calculate how much you will have to overpay for your loan from speedy payday loans, it is enough to use the built-in calculator on the organization’s website.
Under the indicators, you can see what is the amount of interest accruals, the loan itself, and also up to what date you need to pay the loan.
In order to get a credit on a card or in cash, just fill out the form on the official website, talk with a company representative, and wait for an answer on your application. For many citizens, online credit still seems an incomprehensible procedure, because we are used to getting money from banks, talking with employees, and visiting branches. In fact, taking a loan through the Internet is much easier.
Step-by-step instruction for obtaining a loan from Speedy Cash:
- On the loan calculator, which is presented on the main page of the site, indicate the desired loan amount, as well as the loan term, using indicators. If the interest rate and the deadline for repayment suit you, click the “Get Money” button.
- Choose the first loan button and proceed to fill out the questionnaire. Registering an account on the site involves specifying only basic information about yourself, and use the checkmarks to indicate your agreement with the processing of data and the rules of cooperation.
Speedy Cash Loan Services
A relatively small amount of money lent at a high rate of interest on the agreement that it will be repaid when the borrower receives their next paycheck.
- Range from $50 – $1,500
- Are paid back on your next payday
- A flat fee for the amount you borrow
Its main criterion is the issue of any goods with deferred repayment without additional commission. When buying something in installments, you need to return the money for the purchase in installments over a certain period.
- Accrues daily interest
- Multiple ways to apply
- Longer repayment period
- Multiple ways to apply
Auto Title Loan
An auto loan is a loan secured by a car or another vehicle. Compared to other loan products you’ll have to provide:
- Vehicle in driving condition
- Clear title or proof of 1st lien*
- Proof of address
- Valid ID
- Proof of vehicle insurance
Line of Credit
Credit line – a more flexible and convenient approach to lending to the business of bank customers. You can regulate the cash flow, and, if necessary, increase the limit in case of acute shortage of money. To get it, you need to provide the following:
- Form of valid identification
- A steady source of income
- Open and active checking account
Speedy Cash Loan Requirements
Eligibility criteria for Speedy Cash Loan:
- You should be at least 18 years old
- You are an American citizen or a permanent resident of the US
- You have a steady source of income
- You should have an operational checking account
Information borrower needs to provide for Speedy Cash Loan:
- Your name, home address, email address and phone number
- Your date of birth, Social Security number and government-issued ID
- Your employer’s name, address and phone number
- Details about your income
- Your bank account details (for online applicants)
Is Speedy Cash Legit?
The company received all the necessary documents and licenses in order to engage in lending to citizens in the USA.
Moreover, despite numerous consumer complaints, speedy cash still remains on the microfinance market. This means that from the 1997 Speedy Cash has never lost its legitimacy status.
All microfinance organizations, throughout their existence, earn reviews. They serve as the best advertising for the following borrowers. To date, Speedy Cash reviews are mainly negative, as the company until the very last tries to independently resolve the issue even with problem customers, but they still set high interest rates which makes their clients search for other variants.
But still, you can make your own decision by looking at advantages and disadvantages.
- Various types of short-term loan
- Easy application process
- Quick funding
- Good customer service
- Banking services
- Prepaid Debit cards
- High costs
- High-interest rate
- Small Term Loans Only
Of course, they check your credit score as well as the income source. However, this procedure mainly concerns loans aimed at receiving a big amount of cash.
Speedy Cash customers often claim about the poor security of their accounts. There are people arguing that they were scammed for a pretty big sum from their deposit, which the company made them to repay.
“My funds were not in my account and the representative told me that it went to a different account so I am still responsible for paying this loan if they can’t retrieve the money,” – one unhappy client says.
On top of these, their interest rates are really high so that your APR may reach even 400%.
In order to get a quick loan from Speedy Cash offline, you must go through the following steps:
Find the Speedy Cash branch near you on the map, which is located in the “Our Offices” section on the company’s official website.
Visit a company branch and fill out a loan application.
Talk with an employee of the company, who will immediately be able to determine your solvency and confirm the issuance of a loan.
Wait for the transfer of money to your bank card, having previously determined the desired amount and term of the loan.
Yes, and you can download it either from Play Market or App Store depending on your system.
As usual, it may depend on the particular store you want to trip to. But as a rule, Speedy Cash offices are open from 8 am to 8 pm from Monday to Saturday, and 10 am to 6 pm on Sundays.
The corporate leaves you a grace period of about 24 hours to cancel the credit. If you’re fast enough, you won’t pay any fees. Otherwise, you may come across some charges.