- State licensed lender. Pricing shown is based on TX rates.
- Pricing appears high. They have store fronts
- State Lic. Based in Kansas. Since 1997
eligible credit type ⓘ
Visit Speedy Cash for product eligibility.
Our eligible credit type estimate is a general guide based on FICO® Scores:
|Credit Type||FICO® Score|
Speedy Cash Review
|$100 to $2,000||Loan Amount|
|178% to 680%||APR Range|
|Apply by Phone|
|Online Account Access|
|State licensed lender|
|Answers BBB Complaints|
Speedy Cash is a state licensed lender with physical storefronts, phone, and online services. They offer payday loans, installment loans, and title loans. The Payday Hound prefers state license lenders as they generally have additional compliance and regulatory state oversight.
Speedy Cash's website provides detailed information on loan terms, fees and rates. The information is broken down by state and product. We like the transparency provided by Speedy Cash's website.
Speedy Cash has multiple options to get your cash:
- Opt+ Prepaid Card -- Instant
- In Store Pick Up -- Immediately Available
- Electronic Funds Transfer -- Generally 1 Business Day
The Opt+ Prepaid Card appears to be a Speedy Cash product. It is exclusively offered by Speedy Cash and is issued by Axciom Bank and works wherever VISA is excepted. There is a $5.95 Monthly fee with the Opt+ card but it is waived if monthly deposits total $1500+. Cash withdrawals and uploads are free if done at a Speedy Cash store. If you are able to make $1500/mth in deposits onto this card then this may be a good choice. Otherwise $5.95 a month in fees quickly ads up. If you live near a Speedy Cash store the instant pick up is very convenient. Finally, if you are applying online the electronic funds transfer is typical of most online lenders.
Speedy Cash also buys gold. Payday loans and installment loans can be very expensive so selling gold may be another option. Gold can be sold at specific Speedy Cash gold buying locations or via online. To sell gold you will need to provide basic personal information, a state issued ID, and how long you've owned the item. To sell gold online Speedy Cash will send a gold kit to help you mail your gold. Once it arrives at Speedy Cash the whole process is video taped and tracked to your account so you can watch them weigh and evaluate your gold. They will make you an offer. If you accept it you will receive cash. If you reject the offer they will return the gold to you free of charge. The Payday Hound is not experienced in the buying and selling of gold so we are unable to evaluate the relative merits of this service.
Speedy Cash is a licensed lender and has been operating in this space since 1997. They also operate in the United Kingdom and Canada in addition to the US. Their fees appear relatively competitive to other payday loan lenders but possibly higher when compared to lenders that base part of their decision on credit. We think if the price and product work for you they are a solid choice.