Speedy Cash

Speedy Cash

 4.1/5 (1829 ratings)
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Speedy Cash

About Speedy Cash

Speedy Cash is licensed to operate in multiple states across the U.S. (including Nevada, Oregon and Washington under the name Rapid Cash) and provides payday loans, installment loans, title loans and lines of credit online, over the phone and in stores. For the past 25 years, Speedy Cash has strived to provide a clean, safe place where people who need cash can access it conveniently.

Overall Satisfaction Rating

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Pros

  • Get funds in as little as a day
  • Online and in-store services
  • Loans from $50 to $26,000

Cons

  • High APRs

Bottom Line

Speedy Cash is a short-term lender that offers payday loans, installment loans, title loans and lines of credit to help you get the money you need fast.

Top Speedy Cash Reviews

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Rated with 5 stars
Verified

My experience with Speedy Cash has been excellent. Speedy Cash is the best payday loan company I have worked with. Very fast indeed! I will recommend Speedy Cash to all my family,...

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Rated with 5 stars
Verified

Fast and friendly customer service. Online factor makes it easier just picking up the loan. Definitely a must if in a crunch but not a permanent solution when it comes down to fix...

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Payday lending is illegal and unavailable to consumers in some states. Payday loans usually have very high interest rates and carry risk. As with any loan, consumers should have a clear understanding of the fees, terms and conditions of any payday loan before borrowing.

Speedy Cash online loans

Speedy Cash is a short-term loan company with over 150 locations in 29 states. It offers four different types of loans for people who need cash, including installment loans, payday loans, title loans and lines of credit.

Speedy Cash specializes in online payday loans, which borrowers use to satisfy a short-term cash need and then repay with interest on their next payday.

Speedy Cash loans are easy to apply for, and the company has in-store services for customers who prefer working with a lender in person. If you’re interested in Speedy Cash’s services, start by visiting its website and creating an account or calling its customer service phone number.

Speedy Cash loan requirements

Requirements for payday, installment and title loans are different in every state, but the basic requirements for a Speedy Cash loan include:

  • A steady source of income
  • A bank account
  • A valid phone number
  • An email address

Loan availability and amounts depend on what state you live in, so make sure to check your state regulations before applying.

Speedy Cash interest rates

Speedy Cash’s annual percentage rates vary depending on:

  • The type of loan you’re applying for
  • The loan term length
  • The state you live in

For a person trying to get a $200 payday loan in California, the APR is around 460% for a 14-day loan term. That means they end up paying $35.30 in finance charges if they pay off the loan on time.

Speedy Cash FAQ

Does Speedy Cash affect your credit?

Taking out a payday loan from Speedy Cash doesn’t affect your credit, but missing a payment or defaulting on a loan from Speedy Cash does.

How do Speedy Cash loans work?

Speedy Cash loans are short-term funding options that customers can get by visiting Speedy Cash’s website and applying. Speedy Cash gets you the funds you need as soon as possible, often within 24 hours of your approval.

What do I need to get a loan from Speedy Cash?

You need the following to apply for a payday loan with Speedy Cash:

  • A steady income
  • A bank account
  • A phone number
  • An email address
Does Speedy Cash do installment loans?

Yes, Speedy Cash offers installment loans up to $5,000. With installment loans, borrowers pay back the balance over an extended period instead of paying it in full on their next payday. The application process is the same for installment loans.

Is Speedy Cash legit?

Speedy Cash offers customers quick funds up to $26,000 both online and in stores. The company offers several types of loans, so borrowers can choose the option that makes the most sense for their needs and financial situation. While its interest rates are high, Speedy Cash is a legit option for people who need cash fast and can pay it back within the allotted time.

Speedy Cash Reviews

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2 featured reviews
How do I know I can trust these reviews about Speedy Cash?
  • 4,191,395 reviews on ConsumerAffairs are verified.
  • We require contact information to ensure our reviewers are real.
  • We use intelligent software that helps us maintain the integrity of reviews.
  • Our moderators read all reviews to verify quality and helpfulness.

For more information about reviews on ConsumerAffairs.com please visit our FAQ.

Page 1 Reviews 0 - 10
Rated with 1 star
Verified Reviewer
Original review: Jan. 21, 2023

They’re scammers, and karma will meet with all of that are involved in taking advantage of people because of their urgent financial needs. I was so excited about this money because I was down as a full time college student and not knowing the terrible situation I was putting myself into. Long story short, I took a 700$ loan and a minimum payment of 108 every two weeks. I have been paying on time with automatic payments since I took this loan. All the payments made so far is 1,000$ out of a 700$ loan, and my balance left is 800$ like seriously? I realized that I have been paying for money I didn’t borrow after my last payment of 108$ on 01/19/23, and my balance is still the same.

I called customer service and the lady told me that all the payments I have made only 18$ counts towards my loan with every two weeks payment made, the rest has been counted towards the interest fees. I ask her to close my account, and she stated I have to pay the balance on my account before closing the account. Stay away from these people, they will mess up your credit and don’t give a damn about how you feel. This’s the most terrifying situation and company I have ever dealt with in my life time. Be warned, they’re very terrible, and I regret ever getting to know them.

2 people found this review helpful

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    Rated with 1 star
    Verified Reviewer
    Original review: Jan. 11, 2023

    Very predatory. Had a loan for 1300 dollars and did not realize my 300 dollar payment every two weeks were just fees and none of it applied to the balance. Terrible company. Takes advantage of people.

    2 people found this review helpful
    Customer increased Rating by 3 stars!
    Verified Reviewer
    Resolution response: Jan. 4, 2023

    All resolved.

    Original review: Jan. 3, 2023

    I have used Speedy Cash many times, but this time, they charged me twice and have yet to refund me. I emailed their customer service about EIGHT times and no response. I got them on phone and they said they would check it out and nothing. Then I got an email saying it was resolved. It was NOT. They owe me a refund.

    Be the first one to find this review helpful
    Rated with 2 stars
    Verified Reviewer
    Original review: Jan. 1, 2023

    So I took out $900, not all at once. First $600, then $150 and then another $150. They have charged me 50% of the borrowed amount in interest. The ‘minimum’ monthly payment of $294.75 basically only covers me until the next month; until I eventually would have to pay the full amount of the loan (principal, interest and fees) in 6 months. The monthly amount of $294 does not even bring the balance down when paid. Extra money that I could use. The balance remains the same unless I pay more than $294 monthly and then the balance will go down, but only by that ‘extra’ amount I paid. So in all this predatory loan shark company, expects you to pay back a whole lot of money, triple the amount for what you borrowed, not worth it and other places charge less interest/fees.

    2 people found this review helpful
    Rated with 1 star
    Verified Reviewer
    Original review: June 22, 2022

    I really wish I could give 0 stars to this company! Back in 2018, I took out a very small loan from this company. I ended up not needing the money, repaid Every penny, before the due date. I get a collection email, shortly after. I responded to the email, telling the company that I already paid the loan back, with screenshots showing the money deducted from my bank account. Shortly after that, I get emails about a late fee charge on top of the loan and again about my tax return and to get caught up today! Mind you, I responded to every email and received No reply in return. Fast forward to this year, I'm going over credit reports, looking into my clarity credit report, and Speedy Cash took it upon themselves to report to this company, and thus far this company only, that I have yet to repay this loan, that I now owe them more than agreed. All of which is a lie.

    Speedy Cash response

    Hi Teresa- Speedy Cash strives to assist our customers with all their concerns and provide the best service possible, we ask you contact us at your convenience. We thank you for your feedback. Should you have any additional concerns or questions, please contact Customer Service at 1-800-856-2911 or send us an email at CustomerService@SpeedyCash.com.- Chris C.

    2 people found this review helpful
    Rated with 1 star
    Verified Reviewer
    Original review: Feb. 14, 2022

    They want access into your account when applying online, to determine whether you bring in enough money to handle the loan, it's scary, but alright is what it is, this is where it gets bad for someone who needs money for whatever. They verify bank info, then tell you your approved and they'll deposit money into your account within a day, soon after that your phone starts blowing up with telemarketers, think maybe the real money for them could be in selling your info, I would vote a 100% yes. Then I start getting emails talking me into just driving to one of their stores and pick the cash up, which is an hour round trip for me, by the way I needed loan to do car repairs. They tell you what you'll need to take with you, 1 - drivers license, 2 - debit card linked to account used for loan and 3 - a reference number that verifies your loan approval.

    I do as requested and I drive my hurting car to one of their stores to pick up my cash and they start the process all over wanting pay stubs, I didn't take any of this, so they reversed the loan. All that wasted time, I just can't believe how they had no intention of giving me a loan. If you only knew how much a list of phone and addresses go for, it's how telemarketers get leads. Using people who are having a low point in their lives and putting them lower, that's pretty low. Shame on them, karma is real. Just food for thought, scary thing is I hope they can stop at my number and address, because they get so much more. I'm changing banks because of it.

    10 people found this review helpful
    Rated with 1 star
    Verified Reviewer
    Original review: Jan. 18, 2022

    Speedy Cash advertised as a title loan, with the sole purpose of providing a loan designed for those who needed money in the event of an emergency. The company states that the loan amounts are determined by a income source and the ability of the individual to pay that loan amount back. With the assumption being, they will not approve a loan in which the consumer would not be able to afford based on verified income. On October 8, 2021. I applied for a loan in which my loan was approved for an amount based on doctored income. Although, bank records with direct deposit and proper pay stubs were submitted. The employee eager to approve and gain what I believe to be a “sale” doctored my income to increase the amount loaned out knowing that this would not be something feasible to repay.

    Additionally, the representative failed to walk me through explaining the lengthy contract, or the payment options or disclosing the details and consequences of adverse action should I fail to meet these obligations. The company in my option has committed fraud; in order to boost sales. They did not represent that the loan was to be paid bi-weekly although it does state as much within 1 of the papers I initialed in a long unread contract. They failed to disclose that no amount of the payment was to go towards the payment Over 260.00 a month paid to only interest on a 1750.00 loan. The loan is set for 7 years. They failed to disclose that whether the payment was made on time or otherwise the consumer is charged a never-ending 8.00 dollar a day interest. They never disclosed that they would essentially become a 2nd lien holder of my vehicle if the loan was defaulted.

    They advertised affordable lending in which reasonable parties could utilize for life’s unexpected events. When truly it was misleading if your stating affordable payments, when none of the payments go towards the principal of the loan. A 1750.00 loan is automatically accessed 250.00 and continues to accrue interest daily for the life of the loan. The only way this loan is affordable is if you pay it off immediately the following pay cycle. The company offers a loan designed to fail, and further insults the consumer by asking once approved "if you need more” in a rouse to take a advantage and offer additional funds based on souped up banking and income they simply enter into the computer.

    This is fraud, misleading and certainly a gimmick, they take full advantage. I should have known it was to good to be true. Where others in the past had only approved me for 300.00 I was approved there for 1750.00 no doubt to their shady business practices as no way my modest check would be approved for this pay schedule. While I was jumping around the office in excitement an giving the young lady a 50.00 tip out of my loan. I should have been running. I am so ashamed, I am so embarrassed I actually thought that my hard work and paying bills on time had improved my credit enough to get this type a loan at 132.00 a month. I didn’t even take the time to review, I happily signed no explanation needed. I want to warn all consumers. It shouldn’t have happened.

    Once I realized after the 2nd payment in the same month came due to from my account. I called immediately and was informed If you fail to read the disclosures, they will not allow you to speak with anyone with merit to help resolve or rewrite the contract based on your correct income and circumstances. They have you and at some point your robbing Peter to pay pal, then you're barely breathing and they will not budge to correct their error.

    They actually told me the only way to speak with consumer relations or corporate was to default, otherwise they could not give me that information. It’s fraud- it’s disgusting and it’s preying on people in their most vulnerable state. This is the practices of Speedy Cash and the store I personally dealt with. 1215 S Country Club Dr Mesa 480-844-2274. If you had asked me to rate their service on 10/08; 15 out of 10 stars. If you ask me about the service today I’d say 10 out of 10 as they did their job and what expected of them by their company. Although, they do not give a dang about what happens to you because of their actions, falsifying your income or the dangerous games they play. Beware- the contract as it is; is what it says it is. Read it. Everything is fact. Do you want that money now.

    8 people found this review helpful
    Rated with 1 star
    Verified Reviewer
    Original review: Sept. 17, 2021

    I needed to get a loan and get a loan quick due to my current financial situation. I was approved for $5,000. After a few days of **, giving them my bank account number and routing number, kept getting told pay $100 for this, $200 for that, $100 for a credit background, so $400 later and even further in the hole negative, still was told it wouldn’t work. $200 for a Moneygram to get the money. Was never told any of this especially for a credit background. Didn’t cough up the $200 for the money gram. Really pissed off for losing out on $400 I don’t have anymore. Called and told them I wanted it cancelled and was told they did. Definitely a fraud at this point and I’ll have to keep a eye out on my account and if they try to take money out since I didn’t even sign anything even electronically I’ll take legal action as the only resort I’d have. Stay away from them. Save yourself the headache.

    21 people found this review helpful
    Rated with 1 star
    Verified Reviewer
    Original review: Sept. 17, 2021

    They will tell you that the information you put in during the prompts will not impact your credit score - but it will! They will an hard inquiry on your credit report before you get to even see your loan options and they will not take it off. Also, they do not tell you that they are going to do it or get your authorization to do it and it is not clear when you are applying for an actual loan. Also, the APR is way too high. A $2000 loan will have you paying back $10,000. Horrible.

    10 people found this review helpful
    Rated with 1 star
    Verified Reviewer
    Original review: Sept. 8, 2021

    Speedy Cash sucks!!! They rip people off. Don't get a loan from speedy cash unless your life depends on it. If you get a loan from them you will be paying them back for years. I got an installment loan from them. They charged me 5×s the amount I borrowed. 5 Times... So for a loan of 2000 the payback is 10,000. NOT WORTH IT! You would be doing yourself justice to look for another loan company. There are companies out there who won't rip you off like Speedy cash. DON'T DO IT!!! THAT'S ALL I CAN SAY. I CAN'T STRESS IT ENOUGH! YOU WILL REGRET IT!

    17 people found this review helpful
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    Speedy Cash Company Information

    Social media:
    Company Name:
    Speedy Cash
    Year Founded:
    1997
    Country:
    United States
    Website:
    www.speedycash.com

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