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Speedy Cash review

Our Speedy Cash review finds a lender that's great for low loan amounts at low rates.

Speedy Cash review
(Image: © SpeedyCash)

Our Verdict

Speedy Cash's rates are very competitive, though the amounts available to borrow in some states are lower than average.


  • Lower repayment charges
  • Online, telephone and physical touchpoints
  • Support for customers with low credit


  • Slightly lower loan amounts compared to others
  • No Better Business Bureau rating

Speedy Cash is a relatively well-established company in the payday and short-term loans industry. They began trading around 1997 in California and has grown to operate in some 28 states as of the time of writing. As well as developing telephone and online touchpoints, Speedy Cash maintains a good number of physical storefronts with just over 200 locations across 14 of those 28 states. 

Payday loans are available from $100-$500, though these figures do depend on individual state laws regarding maximum loan amounts. You can find out more about how Speedy Cash compared to other lenders in our round-up of the best payday loans online.

Speedy Cash review: Cost of loans

  • Rates of interest are variable
  • Check before signing anything

Rates of interest are variable down to the individual’s specific financial circumstances and geographic location. For our purposes, we took a quote for a married, 45-year old man with two children and a low credit rating. We sought to borrow $300 for a total period of one month (the maximum for a Speedy Cash payday loan). 

The total repayment quoted was $355, equaling a total charge of $55, this being equivalent to an Annual Percentage Rate (APR) of 322%. This is just below the average rate for the industry for a first-time borrower, though it is still an expensive option compared to other sources of funding. 

If a customer cannot make their repayment at the end of the month, the Speedy Cash policy in most states allows them to just pay the fee, rollover the loan and be charged the fee again at the end of the next month. 

Individual circumstances will differ so check before signing anything. To qualify for a Speedy Check payday loan, customers must have a Social Security number, some proof of identity and a regular income as well as a checking account. Customers must also reside in one of the states where Speedy Cash operate. 

Speedy Cash review: Products

  • Offers one-month payday loans up to $500 for first-time customer
  • Offers installment loans for larger amounts

Speedy Cash offers one-month payday loans up to $500 for first-time customers, depending on the state that the customer is resident in. 

It also offers installment loans for larger amounts and longer repayment periods along with title loans, where a customer’s vehicle is put up as collateral against the loan. 

Speedy Cash require proof of income for payday loans to check that customers can make their repayments, though customers with low credit scores are always considered. The company also offers cash advances, prepaid debit cards, installment loans and check cashing services.

Speedy Cash review: Payment times and quote process

  • Quote process is straightforward
  • Can apply online, over the phone or in store

The quote process for Speedy Cash is as straightforward as any in the industry. Customers can apply online via its intuitive website (which breaks details down by state), over the phone or at one of its stores. 

Whichever option customers choose for making their application, decisions are usually arrived at in a matter of minutes. The money can be delivered into a checking account sometimes by the following business day.

Speedy Cash: Usability and user reviews

  • Not accredited by the Better Business Bureau
  • High Trustpilot score

Speedy Cash was not accredited to nor rated by the Better Business Bureau at the time of writing. Trustpilot, a very similar service that evaluates the global reviews of companies in various industries, gives Speedy Cash a good score, rating it at an excellent 4.6/5

Its online reviews are relatively positive for the payday loans industry and it is a  member of the Community Financial Services Association (CFSA) is also a good point in it favor. Its blog, available to anyone through its homepage, is a good resource and has a wide variety of financial tips while its quote process and general navigation of the website is clean and easy to follow. 

Should you choose Speedy Cash?

Speedy Cash has a few elements that makes it worth considering if looking for a payday loan. Firstly, its rates were slightly lower than average, although the amounts available to borrow were slightly less than other companies in the same industry.

Secondly, it has physical store fronts in half of the 28 states where it is active, some 200 properties in all, which makes it useful for customers who would rather talk to someone in person about their loan application (decisions and delivery of funds also tend to be quicker in general at actual stores). Although it doesn’t have a Better Business Bureau rating, it scores highly on Trustpilot and its membership of the CFSA speaks well as there’s at least a nod to ethical behavior.

A note on PayDay loans

Even the most competitive payday loans are a bad idea, and can lead to debt and financial worries. If you are looking for a loan to cover expenses, we recommend exploring considering a cash advance on your credit card or an overdraft line of credit. And we also recommend you read the following guides: