Speedy Cash Review
Payday Loans from $100 to $1,500
Fast approval • Secure application • No commitment
Speedy Cash at a Glance
About Speedy Cash
Founded in 1997 in Overland Park, Kansas, Speedy Cash (operated by Speedy Cash Holdings Corp, a subsidiary of Community Choice Financial Inc.) has grown from a single storefront into a multi-state lender with 170+ locations across 14 states and a robust online platform serving customers nationwide. Over 25+ years, Speedy Cash has processed over 40 million transactions and built a reputation for fast approval—earning our 'Fastest Approval' badge with typical 1-hour decisions and same-day funding.
As a direct lender offering both retail and online services, Speedy Cash provides multiple product lines: payday loans ($100-$1,500, 7-30 days), installment loans ($500-$5,000, 6-24 months), title loans (vehicle-secured, $1,000-$15,000), and lines of credit (revolving credit, $500-$4,000). Their multi-product approach allows borrowers to choose the option best fitting their needs—whether a short-term emergency ($500 payday) or a larger expense requiring monthly payments ($3,000 installment).
Speedy Cash's online platform is particularly well-developed. Their application takes just 5 minutes to complete, uses real-time income verification (connects to bank account), and provides approval decisions in as little as 1 hour—often faster during peak business hours. Once approved, funds can be deposited to your bank account the same business day if you apply before 2 PM CT, or by next business day for later applications. APRs range from 350-600% for payday products, slightly below the industry average of 391-664%.
What distinguishes Speedy Cash is their speed-focused operations and tech-forward approach. Their mobile app (4.5/5 stars on iOS) allows full loan management, instant customer service chat, and automatic payment scheduling. They're licensed in all operating states and maintain compliance with state-specific regulations. With an 8.5/10 rating and 40% approval rate (rising to 52% for online applicants with bank account verification), Speedy Cash balances accessibility with responsible lending practices. Best for borrowers who need $500-$1,500 urgently, can apply online, and value fast funding (same-day possible).
Expert Opinion: Highly Recommended
Speedy Cash earns our 'Highly Recommended' badge for borrowers prioritizing speed and needing $500-$1,500 urgently. Their 1-hour approval (often faster) and same-day funding capability make them the fastest option in our review—ideal for true emergencies like car breakdowns or medical bills due today. The 350-600% APR range, while still high, is below the 391-664% industry average, saving $10-$20 on a typical $500 loan versus competitors. The excellent mobile app (4.5/5 stars) simplifies loan management, and their multi-product offering (payday, installment, title, line of credit) provides flexibility as your needs evolve. With 25+ years in business, 170+ locations, and an 8.5/10 rating, Speedy Cash balances accessibility with operational efficiency. Downsides: Their 14-state footprint is smaller than Check Into Cash (30 states), and the $1,500 payday maximum is low versus installment lenders like MoneyLion ($5,000) or NetCredit ($10,000). Best for: borrowers needing under $1,500 TODAY who can repay within 30 days. If you need more than $1,500 or prefer monthly payments, consider MoneyLion or NetCredit. If you can wait 6-24 hours for funding and want to build credit, try Possible Finance. But for same-day cash under $1,500, Speedy Cash is hard to beat.
Example Loan Cost
Representative example of a typical Speedy Cash loan:
*This is a representative example only. Your actual APR and costs will depend on your credit profile, loan amount, and state regulations. Always review your loan agreement before accepting.
Pros & Cons of Speedy Cash
Advantages
- ✓ Fastest approval in category (1 hour typical, 'Fastest' badge holder)
- ✓ Same-day funding possible (if approved before 2 PM CT on business days)
- ✓ 170+ store locations across 14 states (in-person option available)
- ✓ Excellent mobile app (4.5/5 stars) with instant loan management
- ✓ Lower APR range (350-600% vs 391-664% industry average)
- ✓ Multiple product options (payday, installment, title, line of credit)
- ✓ Real-time income verification (faster approval via bank connection)
- ✓ 25+ years in business with strong operational track record
Disadvantages
- ✗ Still high APR (350-600%, expensive if not repaid quickly)
- ✗ Short payday terms (7-30 days, lump sum repayment)
- ✗ Lower max payday amount ($1,500 vs $3,000-$5,000 installment competitors)
- ✗ Fewer states than some competitors (14 states vs 30+ for Check Into Cash)
- ✗ Title loans carry vehicle repossession risk if you default
- ✗ Income verification required (must connect bank account for fastest approval)
How to Apply for a Speedy Cash Loan
Start Your Application
Visit Speedy Cash's website or use our comparison tool to submit your application. You'll need basic personal information, employment details, and bank account information.
Get Approved
Speedy Cash will review your application and make a lending decision within 1 hour. You'll receive notification via email or SMS.
Review & Accept
Carefully review the loan terms, including APR, fees, repayment schedule, and total cost. Only accept if you understand and agree to all terms.
Receive Funds
Once you accept the loan, Speedy Cash will deposit funds directly into your bank account. Funds typically arrive within 1 to 2 hours.
Frequently Asked Questions
How do I apply for a Speedy Cash loan?
Apply online at speedycash.com or in-person at one of 170+ stores. Online application: (1) Fill out the 5-minute form with personal details, income source, and bank information. (2) Connect your bank account for instant income verification (optional but speeds up approval). (3) Receive a decision within 1 hour. (4) If approved, e-sign documents and choose same-day or next-day funding. In-store application: Bring valid ID, recent paycheck stub, and bank account info to your nearest Speedy Cash location. Complete application with loan officer and receive cash in 30-60 minutes.
What are the requirements to get approved?
You must be at least 18 years old (19 in Alabama), earn at least $1,000/month gross income from any source (employment, benefits, self-employment), have an active checking account in your name for at least 30 days, possess a valid government-issued photo ID, and provide a working phone number and email. Speedy Cash accepts applicants with bad credit or no credit—credit score is not a primary approval factor. Their 40% base approval rate rises to 52% for applicants who connect their bank account for real-time verification (shows consistent income deposits).
How fast can I get money from Speedy Cash?
Speedy Cash lives up to its name. Online applications receive approval decisions in 1 hour or less during business hours (8 AM - 8 PM CT, Monday-Friday; 9 AM - 5 PM CT Saturday). If approved before 2 PM CT on a business day, funds can be deposited to your bank account the SAME DAY (typically arrives 4-6 PM same day via expedited ACH). Applications approved after 2 PM receive next-business-day funding. In-store applications are processed in 30-60 minutes, and you walk out with cash immediately. Weekends: applications submitted Saturday are processed same day if before 1 PM CT; Sunday applications process Monday.
What is Speedy Cash's APR and cost structure?
APRs range from 350% to 600% depending on your state and loan term. This is below the industry average (391-664%). Example: A $500 payday loan for 14 days in Texas has a $65 finance charge (350% APR equivalent). In California, the same loan costs $75 (15% fee per $100 borrowed, capped by state law). Speedy Cash does not charge application, origination, or prepayment fees. You pay only the finance charge based on the loan amount and term. Installment loans have lower APRs (typically 100-300%) due to longer repayment periods (6-24 months). Always review your state-specific fee schedule before accepting a loan.
Does Speedy Cash accept people with bad credit?
Yes. Speedy Cash does not require a minimum credit score. They accept applicants with bad credit (FICO 500-650), no credit history, previous bankruptcies, collections, or past loan defaults. Approval is based primarily on your current income and banking activity. Speedy Cash performs a soft credit check to verify your identity and check for active payday loans at other lenders, but this does not affect your credit score. Their 40% approval rate increases to 52% if you connect your bank account—showing regular income deposits (payroll, benefits, gig work) significantly improves approval odds even with poor credit.
What's the difference between payday, installment, and title loans at Speedy Cash?
Payday loans: $100-$1,500, 7-30 day terms, lump sum repayment on next payday, 350-600% APR. Best for small emergencies under $1,500. Installment loans: $500-$5,000, 6-24 month terms, monthly payments, lower APR (100-300%), requires credit check. Best for larger expenses ($2,000+) needing flexible repayment. Title loans: $1,000-$15,000, 6-24 month terms, secured by your vehicle title, risk of repossession if you default. Best for borrowers with poor credit needing large amounts but willing to use car as collateral. Line of credit: $500-$4,000 revolving credit, borrow and repay as needed (similar to credit card), variable APR. Best for ongoing short-term cash needs.
Does Speedy Cash have a mobile app?
Yes. The Speedy Cash mobile app (available on iOS and Android) has a 4.5/5-star rating and offers full loan management: apply for new loans, check approval status, make payments, view payment history, set up auto-pay, request payment extensions, and access instant customer service chat. The app uses biometric login (Face ID, fingerprint) for security. You can also locate nearby Speedy Cash stores, check store hours, and upload documents (ID, pay stubs) for faster approval. The app syncs with your online account—any changes made on mobile appear on desktop and vice versa.
In which states does Speedy Cash operate?
Speedy Cash operates in 14 states: Alabama, California, Florida, Idaho, Illinois, Kansas, Louisiana, Michigan, Missouri, Nevada, Oklahoma, Texas, Utah, and Wisconsin. Store availability varies—Texas has the most locations (60+), while states like Idaho and Nevada have online-only service. Speedy Cash also offers online lending to additional states where they're licensed but don't have physical stores. Visit speedycash.com/locations to find stores near you or check if online lending is available in your state. Note: Speedy Cash does NOT operate in states with strict payday lending bans like New York, Pennsylvania, and Connecticut.
Alternatives to Speedy Cash
While Speedy Cash is a solid choice, you may also want to consider these alternatives:
- → Credit Union Payday Alternative Loans (PALs) – Lower APRs (28% max) but slower approval
- → Installment Loans – Longer terms (6-24 months) with smaller monthly payments
- → Cash Advance Apps – $50-$250 advances with low/no fees (Earnin, Dave, Brigit)
- → Compare Other Lenders – See all 30 lenders in our network
Ready to Apply with Speedy Cash?
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Apply Now at Speedy Cash →⚠️ Important Disclosure
High-Cost Loan Warning: Speedy Cash loans have APRs ranging from 350% to 600%, which is significantly higher than traditional bank loans. These loans are intended for short-term financial needs only and can be expensive if not repaid quickly.
Responsible Borrowing: Only borrow what you can afford to repay on time. Late or missed payments can result in additional fees, collection actions, and damage to your credit score.
Editorial Independence: Credizen.net is a comparison service. We may earn a commission when you click on lender links or apply for a loan through our platform. All reviews and ratings are based on publicly available data and user feedback. Speedy Cash has not influenced this review.
Emergency Financial Help
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