Reviewed by Latoria Williams 
In a Nutshell
Speedy Cash is a legitimate direct lender that has been providing accessible loan products and financial services since 1997. The company has 140+ physical locations in 11 states and offers online borrowing options in 23 states.
True to its name, the service specializes in fast deposits and makes its loans available to borrowers with any credit background. However, Speedy Cash was involved in a lawsuit in 2018 due to its high interest rates and fees. People with fair to good credit may find loan options with more favorable terms.
Pros:
- Multiple loan types and money services
- Online and in-store application with fast approval
- No minimum credit score requirements
- Same-day funding is available
- No prepayment penalties
Cons:
- High APRs and fees apply
- Customer service issues
- Not available in all states
- Past claims regarding unlawful business practices
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What Is Speedy Cash?
Speedy Cash is a direct lender founded in 1997 to meet the growing consumer demand for convenient and accessible loan solutions. The company was originally owned by CURO Group Holdings Corp., but in 2022, CURO sold its Speedy Cash, Rapid Cash, and Avio Credit businesses to Community Choice Financial, an Ohio-based consumer finance company, and exited direct lending in the U.S. entirely.
Now, Speedy Cash offers a wide range of borrowing options for both short-term and long-term needs. Beyond lending, Speedy Cash provides services like money orders, money transfers, check cashing, gift card buyback, and Green Dot debit card issuance.
The company operates in 23 states and has physical stores in 11 of them. It is known for its fast approval and funding times and relaxed eligibility requirements. Borrowers with any credit may get emergency financing from Speedy Cash on the same or the next business day. However, the company charges high APRs and fees for its services and has mixed reviews from former customers.
Speedy Cash Loan Details
Speedy Cash borrowers can choose from multiple financing options, including payday loans, installment loans, title loans, and lines of credit. Unsecured loan products offer lower amounts, ranging from $100 to $5,000, while secured options provide up to $7,500.
Rates, Terms & Fees
Rates and terms vary widely by state and the loan type. In Texas, for example, state regulators reported an average APR of 488% for installment payday loans in 2024.1 Here’s what you can expect from Speedy Cash loans:
| Feature | Payday Loans | Installment Loans | Title Loans | Lines of Credit |
|---|---|---|---|---|
| Repayment Term | 7–30 days | 2–24 months | 30 days–24 months | Revolving |
| Min. Amount | $100 | $100 | $2,000 | $100 |
| Max. Amount | $825 | $5,000 | $7,500 | $5,000 |
| Max. APR | 782.14% | 730.80% | 203.94% | 360% |
| Fees | Origination & late fees may apply | No origination; late fees may apply | No origination; late fees may apply | No annual, cash advance, or late fees |
| Collateral | None | None | Vehicle title | None |
| Funding | Up to 1 day; instant for eligible debit cards or in-store | Up to 1 day; instant for eligible debit cards or in-store | Up to 1 day; instant for eligible debit cards or in-store | Up to 1 day |
How to Apply for Speedy Cash Loans?
To get started, you need to be an adult USA resident and have a permanent address in one of the states where Speedy Cash operates. The lender also requires you to provide your Social Security number, a valid ID, proof of income, bank account details, and employment information.
The company offers three common ways to apply:
- Online: fill out an easy form on speedycash.com 24/7, receive an approval decision in minutes, and if approved, get a direct deposit into your bank account or onto your debit card.
- By phone: Call 1-888-333-1360 (English) or 1-855-734-0111 (Spanish) and speak with a Speedy Cash representative to complete the application over the phone.
- In-store: Visit one of the company’s locations and bring all copies of the required documents with you. The staff will help you complete the process and provide you with cash upon approval.
Funding times depend on the method you choose. In-store applicants can receive cash right away. People who apply online or over the phone can access funding in 10 minutes via a qualified debit card or get the money via an ACH bank transfer on the same or the next business day.
What Repayment Methods Does Speedy Cash Offer?
The company offers several repayment methods to choose from. Most loans involve automatic ACH withdrawals from your bank account. Alternatively, you can add your debit card as a repayment option online under Your Account. If there’s a Speedy Cash store in your area, you can also make cash payments at the location.
Is Speedy Cash Legit?
Speedy Cash is a legitimate lender that follows all the rules and regulations of the states it operates in. The company is a member of the Online Lenders Alliance (OLA), highlighting its compliance with security standards for businesses. However, it charges quite high interest rates, which often makes its loans difficult to handle. As a result, Speedy Cash was involved in a class-action lawsuit in 2018.
What Customers Think About Speedy Cash
Customers have mixed opinions about Speedy Cash. While the company earns positive reviews on Trustpilot and ConsumerAffairs, it has a low score on platforms like BBB, Yelp, and WalletHub. However, a small number of reviews on those platforms makes it difficult to draw informed conclusions.
Among the benefits, customers typically mention easy-to-meet eligibility criteria, fast approval, and quick funding, as well as a seamless loan process. At the same time, there are several complaints about spam emails, product and order issues, billing problems, and poor customer service. Here are the current Speedy Cash ratings on trusted customer review platforms:
| Platform | Rating (out of 5) | Number of Reviews (as of October 2025) |
|---|---|---|
 |
10,051 | |
 |
2,044 | |
 |
34 |
How Speedy Cash Compares with Competitors
Speedy Cash is not the only company that provides quick loan solutions. Federally chartered credit unions also offer payday alternative loans capped at 28% APR under federal law – a fast-growing option, with $328.7 million outstanding nationwide as of the fourth quarter of 2025.2 Before taking out a loan, compare your options carefully and choose the one that fits your situation.
| Company | Loan Amounts | APRs | Repayment Terms | Minimum Credit Score | Funding Times | Loan Availability |
|---|---|---|---|---|---|---|
| Speedy Cash | $100–$7,500 | 182.5%–782.1% | 7 days–24 months | None | Same/next day | 23 states |
| Wise Loans | $200–$1,500 ($3,500 for repeated borrowers) | 299.9%–799.0% | Up to 180 days | None | Same/next day | 9 states |
| Spotloan | Up to $800 ($1,500 for repeated borrowers) | 99.0%–490.0% | Up to 10 months | None | Up to 2 business days | 39 states |
| Advance America | $100–$25,000 | 80.8%–664.2% | 7 days–24 months | None | Instant/next day | 23 states |
Before You Borrow
While short-term loans can provide quick assistance in an emergency, they may also ruin your finances if approached irresponsibly. Not all offers you receive from lenders are safe. Here are a few things to consider before signing any loan agreements:
- APRs and fees. Aim for a loan offer with the lowest possible interest rates and extra charges, as they directly affect the total cost of borrowing. At the same time, avoid offers that seem too good to be true. If an APR you are offered is significantly lower than the average personal loan APR, it’s likely to be a scam.
- Bold promises. No legitimate lender will advertise no credit check loans or state they offer guaranteed approval, no matter what. Avoid lenders that show no interest in your ability to repay.
- Licensing and contact details. Make sure the lender is licensed to operate in your state, and check its website for contact emails, phone numbers, and physical addresses you can turn to if questions arise.
- Lender’s reputation. Read customer reviews and complaints to identify whether the lender is trusted. This will help you better understand what to expect.
- Your ability to repay. Only borrow money if you have a solid repayment plan. Review your budget closely to ensure you can handle this new debt without sacrificing necessities.
- Lower-cost alternatives. Before accepting triple-digit APRs, check whether your credit union offers a Payday Alternative Loan (PAL), contact a nonprofit credit counselor at NFCC.org, or ask creditors about hardship payment plans.
Final Thoughts
Speedy Cash is a long-established short-term lender that offers a range of financing options for borrowers who need emergency assistance. The company’s products may work well for people with bad credit who need quick cash for urgent needs and can accept high APRs. However, borrowers with fair to good credit may find more reasonable loan options.
FAQ
Will Speedy Cash check my credit?
Speedy Cash may perform a hard credit check as part of the underwriting process for installment loans and lines of credit. This means applying for them can affect your credit score. However, the service accepts borrowers with different credit backgrounds and looks at their overall financial situation when determining their loan eligibility.
Does Speedy Cash report my payments to credit bureaus?
On-time payments are usually not reported. However, late payments may be sent to collections and affect your FICO score.
How much can I borrow?
The maximum amount you can get depends on the loan type and your state. Payday loans range from $100 to $825, while installment loans and lines of credit offer amounts between $100 and $5,000. For secured title loans, the maximum amount is $7,500, according to the company’s Rates & Terms page.
When will my loan be due?
Payday loans are usually due in full on your next paycheck, with the maximum repayment period being 30 days. Installment loans are usually repaid monthly or bi-weekly on a set date specified in your loan agreement. Title loans may be either repaid in full within up to 30 days or come with a flexible repayment schedule. Lines of credit require you to make at least a minimum monthly payment by the end of the billing cycle.
Does Speedy Cash have a customer support phone number or live chat?
Speedy Cash customer support is available at 1-888-333-1360 (English) or 1-855-734-0111 (Spanish). You can also send Speedy Cash a direct message at [email protected] or by filling out the online form on its website.
Can I apply without visiting a store?
Yes, Speedy Cash accepts applications online, provided that you are a resident of the state in which the company operates.
What if I cannot repay my loan on time?
Late payments may result in extra fees and a credit score drop. If you’re experiencing financial hardship, contact Speedy Cash. In some situations, you may be able to work out alternative repayment terms.
Sources
- 1 Texas Office of Consumer Credit Commissioner — 2024 Report on Availability, Quality, and Pricing of Certain Consumer Loans — installment payday loan APR. 2024.
- 2 National Credit Union Administration — Quarterly Credit Union Data Summary, 2025 Q4 — payday alternative loan volume. 2025.
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