Company Profiles

Speedy Cash Overview and Alternatives

by Ana-Maria Sanders   Date Modified: Jan 13, 2023
Listen minutes

Speedy Cash is a payday loan, installment loan, and title lending company that aims to assist borrowers with damaged credit. The lender has grown from a single location in 1997 to one of the nation’s biggest suppliers of financial products and services. Some additional services include check cashing, money orders, and prepaid cards. To offer flexibility to its customers, Speedy Cash offers its products and services in-store and online.

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Speedy Cash has stores in Alabama, Arizona, California, Colorado, Kansas, Louisiana, Mississippi, Missouri, Nevada, Oregon, Tennessee, Texas, and Washington.

Products and Services

Here are some of the products and services offered at Speedy Cash.


Payday Loan

A short-term loan that is typically repaid in a few weeks.

Installment Loan

Higher-sum loans that are repaid over a longer-term and in equal payments.

Title Loan

Uses the title on your vehicle as collateral when applying for a loan. Your title is returned once you’ve made the final payment on the loan.

Line of Credit

Borrow as much as you can within your credit limit.


Check Cashing  

The company cashes customers’ checks.

Prepaid Card

You can receive funds through a reloadable debit card if you do not have a credit card.

Money Orders

Use cash to purchase money orders.

Rates and Fees

Speedy Cash loans range between $50 and $26,000. However, the loan amounts differ based on personal eligibility and state regulations.

The yearly percentage rates of Speedy Cash also vary based on:

  • The sort of loan you're requesting
  • The duration of the loan
  • Your income and credit score
  • The state where you reside

Keep in mind, Speedy Cash APR can reach the triple digits. As a result, some states have standard APR that may exceed 200%.

How to Apply for a Loan with Speedy Cash 

Step 1. Create account online

Fill out the form online or in-store with some personal and financial information.

Step 2. Review requirements

Payday, installment, and title loan regulations vary by state; however, the following are the essential conditions for a Speedy Cash loan:

  • A reliable source of revenue
  • A bank account
  • A working telephone number
  • An email address 

Step 3. View offers

Check the offers that are accessible to you.

Step 4. Verification of loan request

After you complete your loan request, a customer service representative will contact you to verify the information you provided.

Step 5. Receive funds

If approved, you may receive the funds in as little as one business day.

Pros and Cons of Speedy Cash

Taking out a loan has perks and cons. It's a good idea to discover the benefits and drawbacks before applying, so you're completely informed about what the lender offers.

Speedy Cash’s benefits and drawbacks are as follows:



  • A licensed lender
  • There is no penalty for paying in advance
  • Small and large-sum loans
  • Different loan products and services
  • May work with consumers who have damaged credit


  • Offered in limited states
  • A bank account is required
  • High APR
  • Some states may levy an origination fee



What is Speedy Cash?

Speedy Cash is a reputable lender that offers a broad range of lending alternatives, including payday loans, installment loans, title loans, and lines of credit. Additionally, the lender provides check cashing, money orders, and prepaid card services. 

What Is the Minimum Credit Score That Speedy Cash Will Consider?

According to Speedy Cash, consumers must have a credit score of 670 or higher.

Can I Have a Payday Advance and Installment Loan at the Same Time?

No, you are only allowed to have one active loan at a time.

What if I Miss a Payment?

You should try your best to consistently make payments; however, circumstances may prevent you from doing so. If this happens, you may be subject to additional fees and penalties. Additionally, your credit score may be negatively affected by it. This can be detrimental if you already have damaged credit.

If you know you will miss a payment, contact your lender as soon as possible. In some instances, the company may be willing to offer you an extension to help you out.

Is Speedy Cash Safe?

Yes. Speedy Cash is a licensed and reputable lender. Speedy Cash also has several positive reviews on numerous consumer reporting websites. 

How Much Does Speedy Cash Charge for Interest?

APR depends on state regulations and personal finances. As a result, APR will differ based on your income, credit score, loan term, state, and loan amount. However, typical APR for Speedy Cash can be in the triple digits.

According to the lender, a $100 14-day loan in California will have:

  • A finance charge of $17.65
  • APR rate of 460.16%.

Conversely, a 30-day loan for the same amount would have an APR of 214.74%.

What About Other Fees?

Customers who take out a loan with Speedy Cash may be charged extra costs. Additional fees depend on state regulations and may include application, origination, late, and prepayment fees. It is best to speak with the lender directly to clearly understand these costs.

Also, make sure to carefully read the loan agreement before signing. All terms, fees, and due date information will be outlined in the document. 

Can I Get a Speedy Cash Loan if I am Not Employed?

Yes, you may apply if you are unemployed. However, you must have a consistent source of income. If you are receiving Social Security or other supplemental income, you may still be eligible for a loan.

How Many Times Can You Take Out a Loan?

The number of loans you are able to obtain depend on state regulations. Speak with Speedy Cash to determine how many you can apply for. 

Alternatives to Speedy Cash

If you don't find what you're searching for at Speedy Cash, there are alternative solutions that may be accessible to you.


Check Into Cash

Check Into Cash is a short-term loan provider with over 25 years of experience. Allan Jones established the company in Cleveland, Tennessee, in 1993. Customers may visit one of the company's 650 locations or use its online services.

Payday loans, cash advances, title loans, title pawns, check cashing, Western Union, and bill pay services are among the financial products provided by the lender. 

Check Into Cash locations are available in Alabama, Alaska, California, Delaware, Florida, Hawaii, Idaho, Illinois, Indiana, Kansas, Louisiana, Mississippi, Missouri, Nevada, Oklahoma, Oregon, Tennessee, Texas, Utah, Washington, Wisconsin, and Wyoming.

Check `n Go

The firm was founded in 1993 and now has over 1,000 locations around the United States. Check 'n Go provides loans up to $5,000 with durations ranging from three to 18 months. The annual percentage rate (APR) varies by state and loan amount, but it may reach 200%.

In addition, Check 'n Go may consider both funds and credit history when determining eligibility. Furthermore, Check 'n Go may be willing to accept a variety of income sources, including Social Security, disability, and Supplemental Security Income. 


OppLoans is an online lender offering installment loans varying from $500 to $4,000. The annual percentage rate (APR) varies from 59% to 160%. The duration of an installment loan might vary from nine to 18 months.

Unlike Speedy Cash, it reports your payments to credit bureaus, which can help you build your credit. However, you do need to meet the minimum monthly income requirement to qualify for the loan, and this requirement varies by state.

The provider is not available in Arkansas, California, Colorado, Connecticut, Illinois, Iowa, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, North Dakota, Pennsylvania, Vermont, Virginia, and West Virginia. 

Bottom Line

Speedy Cash has more than 23 years of experience as a short-term lender, offering a wide range of services to borrowers seeking a payday loan, installment loan, or money order. However, keep in mind that some of the products and services are not available in every state. Additionally, while borrowing from this lender, consumers may be charged extra transaction costs.

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Ana-Maria Sanders, author at OpenLoans
Financial Analyst
Ana-Maria Sanders writes about consumer and business finance. She has been featured on,, FOX News, and FOX 29.
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