Is Speedy Cash legit? Speedy Cash offers customers quick funds up to $26,000 both online and in stores. … While its interest rates are high, Speedy Cash is a legit option for people who need cash fast and can pay it back within the allotted time.
Regarding this, do speedy cash do credit checks?
Speedy Cash will perform a credit check once you apply — which could negatively affect your credit scores by a few points.
Besides, does Speedy Cash approve everyone?
A: Anyone who meets the application requirements is eligible to apply for a payday loan, and may qualify for cash. Requirements to apply for a payday loan: Meet minimum age requirements in your state (18 in most states)
Does speedy cash give extensions?
A: In this scenario, Speedy Cash recommends that you contact your payday lender. Your lender may provide options including a repayment plan, an extension on your due date, or the ability to refinance your loan.
Payday loans are incredibly risky because of very high-interest rates and fees. Many people have difficulty paying them off, getting stuck in an ongoing cycle of debt. Payday loans are bad because of the very high-interest rates and fees that cause borrowers to get stuck in a vicious cycle of financial problems.
Overall, Motive Loan is a nice way to find the best loan quickly. If your credit is fair or poor, finding a payday loan can be difficult, but this service has made it much easier. This website is recommended for those who have bad credit or even bankruptcy.
Flexible Loans that Fit Your Ongoing Needs
At Speedy Cash, we believe in having transparent terms. There are no origination fees, no fees to open a line, and no fee for draws (you will however, have to pay interest on the amount you draw).
The short answer is no, you don’t need a credit score. Payday lenders often do not check your traditional credit score. If you’ve stumbled along the way financially or you haven’t yet built a credit history, you could still qualify for a payday loan.
Talking with your lender can result in agreements to help you through your situation. But, if you refuse to payback your payday loan, the first thing that will happen is your loan will be moved to Collections, where lenders will do what they can to recover their funds.
|Loan Range||Rate & Terms|
|Payday Loan||$200 – $1,500||Interest Rate 15% – 23% Term (Months) 14 days|
Installment loans are a broad category that include mortgages car loans and other personal loans, and tend to be longer term and require credit checks. Payday loans are technically a type of installment loan, but with a much shorter payment term, higher interest rates, and no credit check required.
Speedy Cash is a member of the Community Financial Services Association. Speedy Cash is owned by Galt Ventures LLC. Speedy Cash owns and operates Rapid Cash. Rapid Cash is being sued in a class-action lawsuit in Carson City, Nevada on behalf of 16,000 people.