Quick Answer: Is Speedy Cash Legit?

Does speedy cash have installment loans?

A: Speedy Cash offers quick cash installment loans.

With a traditional payday loan, your loan principal and fees are due on your next pay day.

An installment loan typically accrues daily interest, and is paid back over a longer, set period of time.

Can I get two loans from Speedy Cash?

A: You cannot have multiple installment loans open simultaneously with Speedy Cash. However, you may be able eligible to get another loan – such as a title loan or payday loan – that you can have while also having an open installment loan.

What are the requirements for speedy cash?

Payday Loan Requirements

  • Meet minimum age requirements. (18 in most states)
  • Valid ID.
  • Proof of steady income.
  • Open and active checking account.
  • Working phone number.

How easy is it to get a payday loan?

Per the Consumer Financial Protection Bureau or CFPB, most payday lenders only demand borrowers meet the following conditions to qualify for a loan: the borrower must have an active checking account; borrower must provide some proof of income; borrower must have valid identification; and borrower must be at least 18.

Can you go to jail for not paying a payday loan in Texas?

You will not go to jail if you do not pay a “payday” loan. The law in the United States is very clear – debtors cannot be jailed for failing to pay a debt. An individual who needs immediate cash due to a personal emergency can obtain a “payday loan” from any of the numerous payday loan companies throughout Texas.

How much money can you borrow from a payday loan?

How much can I borrow with a payday loan? The amount you can borrow varies by your state’s laws and the state of your finances. Most states that allow payday lending cap the amounts somewhere between $300 and $1,000. You can find details on state limits here.

Is there a loan for bad credit?

Yes, you can take out an unsecured loan with bad credit, and sometimes it’s the only product a lender will offer. However, you should only consider a secured loan if you’re positive in your ability to repay. You don’t want to risk your car or your home for the sake of a better interest rate on a bad credit loan.

Can I get a payday loan if I have one already?

I have already taken a payday loan from a lender. Can I apply for another loan with a different lender? Yes, you can apply but it is highly unlikely you will be approved. Lenders work together to protect consumers from getting multiple loans at the same time and then being unable to pay any of them back.