Speedy Cash

About

Speedy Cash is a loan lending business that operates in 29 states across the United States of America, including Nevada, Oregon, and Washington, under the name Rapid Cash. Currently, It has twenty stores in British Columbia, Alberta, Saskatchewan, and Nova Scotia. The company provides short-term cash loans online, over the phone, and in person. It offers payday loans, installment loans, and title loans. It focuses on installment loans, which borrowers use to cover a short-term cash shortage and then pay with interest on their next paycheck. Customers who want to deal directly with a company can apply for an installment loan in-store at Speedy Cash.

Speedy Cash is a prominent leader in the financial business area, with headquarters in Wichita, Kansas. It was founded in 1998 under Canadian supervision. It is one of the run companies that provide various required financial services and locations across Canada, including a virtual store to serve clients better.

Key Features

1. Fast loan approval process. Speedy Cash promises to get you the cash you need quickly and easily.
2. Multiple loan options. Speedy Cash offers payday loans, title loans, and installment loans to meet the various needs of its customers.
3. Online and in-store availability. You can apply for a loan online or visit a physical location for personalized assistance.
4. Responsible lending practices. Speedy Cash is committed to responsible lending and follows all state and federal laws to ensure that its customers are protected.
5. Convenient repayment options. Speedy Cash offers flexible repayment options, including automatic debit and extended payment plans.
6. No hidden fees. Speedy Cash is transparent about its fees and charges, and it does not have any hidden fees or surprises in its loans.

It's important to keep in mind that payday loans generally have higher interest rates and fees compared to other types of loans, so it's crucial to understand the terms and conditions of the loan before applying.

Products

Speedy Cash offers several financial products, including:

1. Payday Loans. A short-term loan to help cover unexpected expenses until your next payday.
2. Title Loans. A loan that uses your vehicle's title as collateral.
3. Installment Loans. A loan that is paid back in multiple payments over a set period of time.
4. Line of Credit. A revolving line of credit that allows you to borrow and repay funds as needed.
5. Cash Advances. A short-term loan to cover unexpected expenses.
6. Check Cashing. Speedy Cash also offers check cashing services for personal, business, and government checks.
7. Prepaid Debit Cards. Speedy Cash offers prepaid debit cards for customers who may not have a traditional bank account.

Pros and Cons

Pros

• Fast loan approval. Speedy Cash promises to get you the cash you need quickly and easily.
• Multiple loan options. Speedy Cash offers payday loans, title loans, and installment loans to meet the various needs of its customers.
• Convenient repayment options. Speedy Cash offers flexible repayment options, including automatic debit and extended payment plans.
• No hidden fees. Speedy Cash is transparent about its fees and charges, and it does not have any hidden fees or surprises in its loans.
• Services are available both online and walk-in shop.
• Loans ranging from $50 to $26,000 are available.

Cons

1. High-interest rates and fees. PDL generally have higher interest rates and fees compared to other types of loans, so it's important to understand the terms and conditions of the loan before applying.
2. Short-term loans are meant to be short-term solutions and may not be appropriate for long-term financial needs.
3. Risk of debt. If not used responsibly, payday loans can lead to a cycle of debt and may have a negative impact on your credit score.
4. Strict repayment terms. If you miss a payment, you may incur additional fees and the loan may have a negative impact on your credit score.

Speedy Cash loans offer a quick loan funding process through multiple ways of application. However, interest rates, terms, and access can be problematic in fast cash services. Please note that you must consider the advantages and disadvantages to determine which choice is best for you.

It's important to weigh the pros and cons carefully before taking out a loan from Speedy Cash or any other lender. Make sure you understand the terms and conditions of the loan and your ability to repay it before applying.

Reliability

The reliability of Speedy Cash, like any lender, depends on various factors, including the terms and conditions of its loans, the fees and interest rates charged, and the level of customer service it provides.

Speedy Cash is a well-established and licensed lender that operates in several states in the U.S. It is a member of the Community Financial Services Association of America (CFSA) and the Online Lenders Alliance (OLA), which indicates that it adheres to certain standards and practices in the payday loan industry.

However, as with any lender, it's important to research and compare options before taking out a loan. Read the loan agreement carefully to understand the terms and conditions, and make sure you can afford the monthly payments before applying for a loan.

It's also important to keep in mind that payday loans, like the ones offered by Speedy Cash, generally have high-interest rates and fees compared to other types of loans, and can lead to a cycle of debt if not used responsibly. So, it's crucial to understand the loan terms and your ability to repay it before applying.

Funding a Loan

You can apply for a Speedy Cash installment loans. If you want to use Speedy Cash services, you must first register on the company's website or reach its customer support phone number. The funding process is straightforward. When you apply for a loan, Speedy Cash will perform a credit check, which may result in a few points deduction from your credit score.

If you apply for a loan in person, the funds can be deposited directly into your bank account the next working day. It might be advantageous if you have an unexpected fee, such as a vehicle repair. You should note that you may be required to make semimonthly returns in some states. If you're looking for a loan that you can pay back over time monthly, this might put a burden on your budget. In addition to direct deposit, Speedy Cash allows you to pick up your money at a storefront location if one is available in your area. You can also use one of three prepaid debit cards known as Opt+ cards to acquire your loan documents and funds. However, there may be fees depending on how you choose to obtain payment.

You may also set up automatic payments to have your funds debited from your bank account monthly. The company will not charge you a prepayment penalty if you pay off your installment loan early. Take note that this might help you save funds on interest.

Additional Services

Check-cashing services allow you to access your funds without having a bank account. In addition to the convenience of cashing cheques with Speedy Cash, they offer the lowest rates in the industry. They charge just $3.50 plus 3.50% of the cheque amount. It means more cash goes directly into your bank account. 

A money order is a payment document that looks similar to a cheque. Speedy Cash may send you a money transfer that you can use to pay your fees, or you can use the cash to repay a Speedy Cash loan. 

Domestic money orders are a quick, simple, and secure way to send earnings without account checking. A money order receipt can be purchased at any Speedy Cash location. It is a good option if you don't have a bank account or make a purchase that needs approval. 

When you move earnings from your credit card to your bank or building society account, it is a money transfer. It will be included in your credit card balance and repaid as part of your monthly statement amount. The company may send you money that you can use to settle your fees, or you can use the cash to repay a loan. 

Receive or send money via international transfer service using MoneyGram at any location. Pay bills, top-up prepaid debit cards and cellphone minutes. Prepaid debit cards permit you to spend whatever amount of cash is on the card. Once the balance is depleted, you can refill the card on the website, at an ATM (a participating retailer), or another physical place. Prepaid cards are issued by banks and branded by Visa, MasterCard, Discover, and American Express, among other major credit card companies with proven financial protection. The Opt+ prepaid debit card is only available through the provider. The Opt+ card may be used to withdraw cash from any ATM, check amount or to settle fees. You can effortlessly load cash, make routine transactions, and manage your spending with an Opt+ Prepaid Debit Card.

Opt+ Prepaid Debit Card

The Opt+ Prepaid Debit Card is a prepaid debit card offered by Speedy Cash. The card is reloadable and can be used wherever Mastercard is accepted. Some of the key features of the Opt+ Prepaid Debit Card include:

1. Direct deposit. You can receive your payroll, government benefits, or tax refund directly onto your Opt+ Prepaid Debit Card.
2. Online bill pay. You can pay bills online using your Opt+ Prepaid Debit Card.
3. Cash withdrawals. You can withdraw cash from ATMs and make purchases at merchants that accept Mastercard.
4. Mobile app. The Opt+ Prepaid Debit Card comes with a mobile app that allows you to check your balance, view transactions, and manage your account on the go.
5. Customer support. Speedy Cash provides customer support 24/7 to assist with any questions or issues related to your Opt+ Prepaid Debit Card.

It's important to review the fees associated with the Opt+ Prepaid Debit Card, such as activation fees, monthly maintenance fees, and transaction fees, before signing up for the card. Make sure you understand the fees and the terms and conditions of the card before using it.