True to its name, Speedy Cash is by far one of the best online loan sites. Through Speedy Cash, it is possible to get loans ranging from $255 to $26,000 within a day, while also getting the best customer service.
Because of its services, people use Speedy Cash to apply for quick cash. Additionally, you can get a services loan by paying a visit to any Speedy Cash physical store or simply by applying for one online.
However, not everyone can choose Speedy Cash as it is not available throughout the country and doesn’t presently serve some states.
This makes it a bad option for some, hence it doesn’t come as a surprise that people often look for loans like Speedy Cash or its alternatives that we’ll discuss in this article.
Why Do People Choose Speedy Cash?
Speedy Cash is popular and has been in business for a long time. The company started in 1997 and has been offering online loans since 2008. It offers a variety of loans including payday loans, installment loans, and title loans. Moreover, additional services such as money orders and prepaid cards are also available.
Some of its main pros include a friendly mobile app, an easy application process, friendly lending policies, and fast approval. There are no early payment fees and the option to cancel your request without a penalty, however, Speedy Cash isn’t available in all states and charges a $5 origination fee for refinancing.
Are There Speedy Cash Alternatives?
If you’re struggling to cope with the unexpected costs of living on your salary, but Speedy Cash is unavailable in your state, then don’t worry. There are plenty of other places that offer cash loans quickly and we’ve done all the research for you. In this article, you will find loan services like Speedy Cash.
The payday loans that we’ve mentioned below offer flexible repayment terms, fast funding, and high approval rates. Browse through our list and weigh the pros and cons of each service to find the best Speedy Cash alternative. Check out also our review of 5 Best Cash Loans Online.
Loans Like Speedy Cash: 5 Best Alternatives
Here are five places like Speedy Cash offering loans to all kinds of people including people with a poor or low credit score:
Viva Payday Loans
If you’re looking for places like Speedy Cash then consider Viva Payday Loan. It is one of the fastest loan providers. Additionally, it does not require you to show your credit history.
The service is suitable to cover mid to small emergencies as the minimum amount is $1,000 and the maximum amount goes up to $5,000.
With this company, it is possible to have the money credited into your bank account within an hour. To ensure fast approval, make sure you meet the eligibility criteria of being employed and of legal age. There are no credit score requirements, however, you must make at least $1,000 a month to qualify and have a permanent address.
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Also, Viva Payday Loans is essentially a lender but a marketplace that will help you find the right deal.
The APR on Viva Payday Loans ranges from 5.99 to 35.99 percent. The rate that you get will depend on your income and credit history.
Viva Payday Loans have a flexible loan term of 16 days to 1 year.
The company is best for applicants looking for affordable cash loans
Here are the pros and cons of choosing Viva Payday Loans:
Pros
- Cash is credited within 60-minutes of approval from the lender
- The company offers excellent customer support
- There are no additional fees
- Flexible loan terms
Cons
- Not available in all states
Viva Payday Loans is a popular choice because it welcomes everyone, regardless of their credit scores. However, the rate that you get may depend on your credit history.
RISE Credit
RISE Credit was established in 2013, and is certainly a reliable loan provider. Money can be used for a variety of purposes including home repairs, hospital bills, and debt consolidation.
RISE Credit offers loans at fixed interest rates and a predetermined term length.
The maximum loan amount that one can apply for is $5,000 and the minimum is only $500. APR is in the range of 36 to 299 percent. It can be very expensive for people with bad score.
It is relatively easier for people to borrow loans from RISE as compared to other providers as there is no required credit score. But having a good credit score can increase your chances of getting a good rate.
Once again, repayment lengths vary from state to state and can be anywhere between 4 or 26 months. While there are no minimum income requirements, the company requires that you are employed and able to prove it. This can be done by submitting a variety of documents such as pay stubs.
Here are the pros and cons of choosing RISE Credit:
Pros
- Loans are funded in your bank account within 24 hours
- No prepayment penalties in case of cancellation
- Anyone can apply as there are no credit score requirements
- You might have the option to refinance your loan
Cons
- Can be a very expensive option for some
Despite the high APR, RISE is still a popular choice because it caters to all kinds of borrowers and is one of the fastest lenders.
Heart Paydays
Looking for fast loans with a bad credit score? Heart Paydays is an installment loan provider that caters to people with a bad credit history.
Of course, there are still some general checks in place to ensure that borrowers can afford the loans that they are applying for.
Loans can range from a maximum of $5,000 and a minimum of $100. The amount that you get approved for is fixed and depends on the data submitted by you. It is one of the most affordable loan providers and an excellent Speedy Cash alternative thanks to a low APR range of 5.99 to 35.99 percent.
Since borrowers are allowed to communicate with their lenders directly, it is possible to negotiate an even lower interest rate. You must try this option as you might be able to get a very good deal if you have good negotiation skills.
Borrowers get a flexible repayment length of up to a year, giving them the liberty to pay off their loans bit by bit. The usual window is between three and 24 months.
To be eligible for a loan at Heart Paydays, borrowers must be earning a minimum income of $1,000.
The application form is easy and takes a few minutes to fill. The time taken to transfer the cash to your account depends on the lender and can go up to 48 hours.
Here are the pros and cons of choosing Heart Paydays:
Pros
- Welcomes applicants with a low credit score
- Flexible repayment window
- Low APR of 5.99 percent
- No additional costs
Cons
- Approval can take longer than 24 hours in some cases
Heart Paydays is not a very well-known name yet but it’s fast making a mark by offering affordable rates and excellent customer support. Give it a try if you are looking for places like Speedy Cash.
OppLoans
OppLoans is another option for those who don’t want to go through a credit check. OppLoans is also available in almost every state in the USA and allows borrowers to use the loaned money for personal use to cover bills and repairs. It is best for people looking to pay off mid-sized bills as the amount ranges from $400 to $5,000.
The repayment window is flexible and is usually between six months to a year and sometimes even longer. The repayment schedule is fixed according to the borrower’s pay schedule, however, you will have the option to change the date.
OppLoans does not charge a late fee or a prepayment penalty, making it more attractive. Plus, it is known to credit money quickly. In most cases, you will receive a decision in less than two minutes and the money will show up in your account in the next 24 hours.
APR rates are in the range of 59 to 160 percent. The rate that you get will depend on factors such as your state, amount applied for, income, and credit history.
Here are the pros and cons of choosing OppLoans:
Pros
- Very affordable as there are no late penalties
- Easy to qualify even without a good credit score
- Money credited to account within 24 hours
- Applying for a loan will not impact your credit score (soft check)
Cons
- Interest can be very high
OppLoans is a good option if you have a low credit score, but make sure to pay attention to the rate. Since it runs soft checks, you can request a loan to see the rate that you get and compare it with other options.
ACE Cash Express
ACE Cash Express is one of the most established and popular lenders in America. In addition to being available online, ACE Cash also has over 1,000 stores across 72 states in the USA. However, you will not have to visit a physical store to apply for a loan.
ACE Cash doesn’t offer large amounts. It’s in the range of $100 to $2,000 and can be used in situations where you’re waiting for money to arrive in your account. These loans are provided for a short period of time and repayment terms are between 8 to 35 days. In most cases, you will have to pay when you receive your next pay.
The APR rate varies depending on the state you reside in and can be as high as 300 percent. We have covered ACE Cash Express similar companies but this one has an edge as it offers a 72-hour guarantee, just like Speedy Cash. This means you will have the option to cancel the loan at no additional cost if you change your mind within the first 48 hours.
ACE Cash is known for fast cash transfers. Once your loan is approved, it will typically appear in your account within a day.
There is no minimum credit score required to get a loan approved at ACE Cash, however having a good score can help you get favorable terms.
Here are some of the pros and cons of choosing ACE Cash Express:
Pros
- Caters to people with all credit scores
- 72 hour cancellation window with no added charges
- Cash credit within a day
- Excellent customer support
Cons
- High interest rates
ACE Express only offers small loans but can be a very expensive option. Still, it’s quite popular as it is known to deposit money in a few hours and is a safe option.
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Frequently Asked Questions
How long does it take Speedy Cash to process a loan?
If you’ve met all the requirements of being approved for a loan, it usually takes 24 hours for the cash to appear in your account once all of the documents have been processed and approved.
However, keep in mind that the processing time is ‘one business day’. This means that if you apply for a loan on Friday, you’ll most likely receive it in your account on Monday. The same rule applies to other companies offering loans like Speedy Cash.
Will applying for a loan at Speedy Cash impact my credit score?
Yes, Speedy Cash is known to run credit checks, which could impact your credit score. This is a major reason why people look for other places like Speedy Cash.
Does Speedy Cash approve everyone?
If the borrower meets all the requirements set by Speedy Csh for the approval of a loan, they are likely to get approved.
To ensure that your request is approved, make sure you meet the following requirements:
- Have a steady source of income
- Active and legit salary bank account with FCMB or any other account
- Valid ID to verify age (at least 18)
Loans Like Speedy Cash: Conclusion
These were some of the best loan places like Speedy Cash in case it does not provide services in your state. Most of these providers work with applicants with a poor score and offer money in less than 24 hours.