Is Speedy Cash a Good Option for Debt Consolidation?
Unfortunately, Speedy Cash is not a suitable option for debt consolidation due to its high APR rate. However, it can be used as a form of short-term credit, especially in emergencies.

Speedy Cash Payday Loan Overview
Speedy Cash provides payday loans that range from $100 to $500, which are usually paid back in full on the borrower’s next payday. These loans are available from brick-and-mortar stores and online lenders, and they are often used for unexpected expenses such as paying rent or covering an urgent bill.
Although payday loans often have high-interest rates, Speedy Cash differs from traditional payday loans by offering repayment flexibility, the ability to build credit, and other options. However, the interest rates can still be quite high, starting at 17.50% for a one-time fee on the total loan amount.
Pros
- Loan amount starting from $100 – $500.
- No prepayment penalty
- Potentially fast funding
- Multiple ways to apply.{alertSuccess}
Cons
- High interest rates
- May charge an origination fee in some states
- Limited availability {alertError}
Example of the Speedy Cash loan
Here is an example of a payday loan according to the state of Alabama.


Understanding the Loan Terms and Eligibility Criteria for Speedy Cash Payday Loans
Annual Interest Rate and Fees
Payday loans typically have higher interest rates compared to personal loans and installment loans. However, Speedy Cash’s interest rates start at 17.50%, which is a one-time fee of the total amount borrowed. For instance, if you borrow $100, you will be charged $17.50. It’s important to note that the interest rates and fees may vary based on the state you reside in, and it’s always best to review the loan agreement thoroughly before accepting the terms.
Minimum Credit Score Required
Offered Loan Amount
Eligibility Criteria
- You should be at least 18 years old
- You must be a United States citizen or have a US Visa
- You must have a valid active US bank checking account
- You have to provide a valid email address and a phone number
Required Documents
When applying for a loan with Speedy Cash, you will need to provide certain documents, including valid identity proof, such as a driver’s license or passport, and proof of income, such as a pay stub or bank statement. You will also need to provide your date of birth, a valid current mobile number, and email address. Lastly, you will need to have an active American bank account, as the loan amount will be directly deposited into this account upon approval.
Repayments Terms
How to Apply for Speedy Cash :
To apply for a payday loan with Speedy Cash, you can visit their website or one of their physical locations. You will need to provide the necessary documents and fill out the application form. Upon approval, the loan amount will be directly deposited into your bank account, usually within one business day.
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Editorial Note: MakeHelpOf does not receive any commission from any website or third-party advertisers. This is just a review article based on consumers’ experiences from the internet. It’s accurate to the best of our knowledge when it’s posted. Please read all the information carefully before you make any decision.
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