Speedy Cash, a lending service, offers a variety of short-term cash loans in Truckee that can be obtained online, by phone, or in-person. Their range includes payday loans, installment loans, lines of credit, and title loans, with a particular emphasis on installment loans. These are typically used by borrowers to manage short-term financial gaps and are repaid with interest come the next payday. For those preferring a direct interaction, installment loans can be applied for in-person at any Speedy Cash location.
How to Apply for a Speedy Cash Loan in Truckee?
Online
- Visit the Speedy Cash Website. Go to the official Speedy Cash website using your web browser. You can search for "Speedy Cash" on your preferred search engine and click on the official website link.
- Find the "Apply Now" Button. Once you are on the Speedy Cash website's homepage, look for an "Apply Now" or "Get Started" button. It may be prominently displayed on the main page or located in the navigation menu.
- Create an Account. Click on the "Apply Now" button, and you will be directed to a page where you'll need to create an account. You'll be asked to provide the following information:
- Enter a valid email address that you have access to;
- Choose a secure password for your account;
- Confirm the password you just created;
- Choose a security question from the provided options;
- Provide an answer to the selected security question;
- Make sure it's something you can easily remember.
- Complete the Application Form. After creating your account, you must complete the loan application form. The form will require personal and financial information, such as your name, address, employment details, income, and desired loan amount.
- Review Terms and Conditions. Before submitting your application, review the terms and conditions of the loan carefully. Ensure you understand the interest rates, repayment terms, and associated fees.
- Submit Your Application. After reviewing all the information, submit your loan application through the website.
In-store
To apply for a loan in-store at Speedy Cash, visit a nearby location in Truckee and speak with a staff member. They will assist you with the application process, answer any questions, and help you explore the loan options available. Ensure to check the loan availability for your state beforehand, as it may vary.
Conditions and Requirements
Conditions
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Loan Amount. The loan amount you can borrow from Speedy Cash may vary depending on the state laws where you reside. Typically, the loan amount can go up to $1,500, but this may differ from state to state. Some states may have lower loan limits.
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Interest Rates and Finance Charges. State regulations also determine the interest rates and finance charges for Speedy Cash loans. Different states may impose different maximum interest rates and fees that lenders can charge. For example, the finance charge for a payday loan in California could be $17.65 for every $100 borrowed (as an example), but this may vary in other states.
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Repayment Schedule. Speedy Cash payday loans are typically short-term loans that require repayment on your next payday. The repayment schedule and options may vary depending on state laws and your agreement with Speedy Cash.
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Credit Check and Eligibility. Speedy Cash may perform a credit check to assess your eligibility for a loan, but they also consider other factors like your income and ability to repay.
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Application and Approval Process. The application process can often be completed online, and approval is usually fast. Once approved, the loan amount is usually deposited into your checking account.
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Renewals and Extensions. Some states allow loan renewals or extensions, but this may be subject to additional fees and regulations.
Requirements
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Minimum Age Requirements. You must be at least 19 years old (age may vary by state) to be eligible for a payday loan.
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Valid ID. You must provide a valid government-issued identification document, such as a driver's license or state ID.
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Proof of Steady Income. You are required to show proof of a steady source of income. This could include pay stubs, bank statements, or other documents demonstrating your ability to repay the loan.
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Working Phone Number. A working phone number is necessary for communication and verification purposes during the loan application process.
- Proof of address. Proof of your current address, which can be a utility bill or a bank statement that's dated within the last 30 days
- Clear title or proof of 1st lien. A clear title to your vehicle or evidence that you hold the first lien on it.
- Vehicle in driving condition. Your vehicle must be operational and in a condition suitable for driving.
- Proof of vehicle insurance. Documentation confirming that your vehicle is insured.
Important
How to Choose a Lender
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Make sure to confirm whether the lender is licensed to operate in your state. You can verify this information with your state regulator or attorney general.
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Check if the lender is a member of a reputable association, such as the Community Financial Services Association of America. Membership in such organizations may provide an extra level of reliability.
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Carefully review all the terms and conditions of your payday loan contract.
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Thoroughly examine the interest rates on payday loans and ensure that your contract includes a detailed breakdown of the total cost of the loan.
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Take advantage of your right of rescission. Usually, you can rescind the loan within three days after signing the agreement. Alternatively, there is typically a "cooling-off" period, which allows you several days to thoroughly review the contract before making an informed decision to enter into a consumer loan agreement based on the terms specified by the lender.
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Choosing a payday lender is a significant decision that demands careful consideration and a good understanding of how such organizations operate.
