Speedy Cash Payday Loans 2022: A Comprehensive Review with Guaranteed Bad Credit Loans

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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

When looking for short-term credit options, payday loans are a popular choice for those who need fast access to cash. Speedy Cash is one such provider of payday loans, offering loans ranging from $100 to $500 to help cover unexpected bills or other urgent financial needs. However, it’s important to understand the loan terms, eligibility criteria, and required documents before applying for a loan with Speedy Cash.
 

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

Unlike traditional loans, Speedy Cash offers payday loans to individuals with bad credit or no credit history. The minimum credit score required to qualify for a loan is any credit score, meaning even those with a credit score as low as 300 can apply for a loan. This makes Speedy Cash a viable option for those with poor credit history.
 

Offered Loan Amount

Speedy Cash offers payday loans ranging from $100 to $500, depending on the borrower’s eligibility and the state of residence. The loan amount offered to borrowers may also depend on their income, credit score, and other factors. It’s important to borrow only what you need and can afford to repay on time.

Eligibility Criteria 

Speedy Cash offers payday loans ranging from $100 to $500, depending on the borrower’s eligibility and the state of residence. The loan amount offered to borrowers may also depend on their income, credit score, and other factors. It’s important to borrow only what you need and can afford to repay on time. Here is the list :
  1. You should be at least 18 years old
  2. You must be a United States citizen or have a US Visa
  3. You must have a valid active US bank checking account
  4. 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

The repayment terms for Speedy Cash payday loans vary based on the borrower’s pay cycle. Typically, the loan is due on the borrower’s next payday. It’s important to note that under Alabama law, Deferred Presentment transactions cannot be made for a term of fewer than 10 days or more than 31 days.
 

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.

Apply Now

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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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