SpeedyCash.com Reviews
SpeedyCash is a quick solution to an unexpected financial obligation. Since payday loans are a direct lender they are able to process your application faster than a typical lending institution. There are a number of solutions that SpeedyCash has available to help you in your time of need.
Not only does SpeedyCash offer cash advance loans, but they also have installment loans, credit lines, title loans, prepaid debit cards, check cashing and cash for gold.
The application process is fairly simple, you can submit an application online, by phone or in one of the many stores located across the nation. You must have a verified source of income with a minimum of $400.00 per month, a bank account, and must be at least 18 years old. Once your loan is approved you can have the cash deposited electronically directly into your checking account within one business day. The maximum amount of a loan they will grant is $1500.00.
With an installment loan you can borrow money without having to pay back the entire loan at once; instead, you select the time frame in which you can pay back the loan in smaller increments. With a line of credit they grant you a revolving cash flow,thus, allowing you to take money out up to your approved limit. As you make payments to your account, you can then take out more money, again, up to your credit limit. With prepaid debit cards, you can put money onto the card and use it for bills, purchases or even take money out at an ATM. Having a card instead of cash is a convenient way to travel with money; you can reload it and withdraw money at any of thier atms.
If you need more than $1500.00, an auto title loan is another viable option. Using your car as collateral, SpeedyCash will lend you up $50,000 based on the value of your car. You still have your vehicle but they have the title. If you can’t pay back the amount of the loan within the allotted time period you agreed upon, it is possible to pay the interest and roll the loan amount over to a whole new loan.
SpeedyCash charges a flat fee charge and has a daily interest accrual rate. Even though you may avoid fees and overdraft charges through your bank, those costs are considerable when compared to a payday loan. They charge a very high interest rate and you will ultimately end up paying back over three times the amount of money you initially borrowed.
The amount of money you borrow and the amount of interest accruing as fast as it is, within a minimal time frame could create a potential problem in the future. So even though you may be obtaining a short term solution to immediate financial crises, you are creating a potential problem in the future which requires you to pay back what you borrowed in addition to rest of the charges. If you can’t afford to meet a short term financial need then how will you return the money you borrowed in excess of three times the initial amount.
Weigh your options carefully and read the fine print before accepting any of these loan offers, it is shocking to see what you may discover within the terms of the agreement. You may want to consider even asking your employer for a payroll advance or ask friends or family to borrow the money.
I was hesitant to mess with these places to start with, but my friend, who thinks these places are good, claimed she was going to help me with it. I think I got the $400 loan in September of 12 and still haven't even gotten it paid off halfway. I didn't have the option of them deducting the whole amount from my bank account the next paycheck I got when I signed it, instead, getting stuck with their ridiculous payment plan.
These idiots' horrific interest rates (ranging between 200 and 300 percent) help cost me 1.91 a day since I have a balance. I have already paid that loan off at least three times already, it's cost me over $1200 to get $400 due to their unreasonable interest. My other bills don't allow me to do much more than a minimum payment. I had my balance almost halfway paid off, a month later, $245 swelled to $294.
If such deals as "buying one for the price of 10", sounds OK, don't delay getting mixed up with crooked businesses like SpeedyCash, Payday Loans, etc.,. IF you can pay back the loan right away, they're an asset, however, if you're in a situation where you're only able to make just over the minimum payments, these places can make your financial world a living nightmare, far worse than a credit card.
I took out a loan with them - I made a payment on it, they doubled my payment & issued me a second loan on paper (Monies I never recieved, but they decided to pretend I owed them to justify the double drafts) It took over a week to get the money back to only have them turn my refund into a loan & they stole that out of my account & now I am jumping threw hoops to try to get that money back.
On the actual valid loan, I attempted to pay it off early, the girl on the phone ran my card for a penny several times, my bank flagged my account for phishing & wouldnt allow the transaction to complete & froze my cards. Now they expect me to pay the interest for every day that I havent been able to pay off my loan becuase they refuse to do a bank draft for an early pay off.
DO NOT USE THIS COMPANY!! I have the fraud loan in writing and admited to by them, then I get a rep on the phone to work on the problems to try to tell me that I am lieing and they don't do that. My account & that email show otherwise.
Speedy cash is a place where when you're in a bind and you need help into you get paid and is great the employees that work there are very kind and helpful Thanks a lot speedy cash you're a lifesaver
