How long does Speedy Cash take to approve loan? (2024)

How long does Speedy Cash take to approve loan?

Here's a breakdown of how long each loan process takes: Applying at a Speedy Cash store: Simply apply for a loan, providing documentation of your age, identity, income, and checking account. You could be approved for a loan on the spot – often in just 10 minutes or less.

How long does it take for speedy cash to approve?

We offer short-term loans that allow you to apply online, get same-day approval, and hands-on cash within 30 minutes, so you can get back out on the road and explore all nature has to offer.

How long does speedy cash take to fund?

Most funds are deposited within 15 minutes of loan completion. Loan completion means that you have been approved for the loan, have signed your documents online, and have selected instant funding as your funding method.

Does Speedy Cash do a hard credit pull?

Speedy Cash is one of the most well-known providers of installment loans and payday loans. However, some borrowers may want to avoid the potentially harmful hard credit checks required by Speedy Cash and other major lenders when applying for a loan.

How does Speedy Cash verify checks?

One of our representatives will simply need to verify your identity and the check itself. Be sure to bring proper identification with you, as this will help speed up the process and get you the cash you need faster!

Does Speedy Cash settle?

Sometimes, Speedy Cash may modify your loan agreement so you can repay it over a longer period. You can also attempt to settle the debt. However, you may not be able to obtain much savings from the debt settlement since Speedy Cash knows it can take you to court to get a full repayment.

What happens if I don't pay Speedy Cash back?

If you miss enough payments, Speedy Cash will likely sell your debt to a third-party debt collection agency. And these guys don't mess around. They'll start blowing up your phone with calls, sending letters demanding payment, and maybe even try to track you down in person.

What is the easiest loan to get right now?

Some of the easiest loans to get approved for if you have bad credit include payday loans, no-credit-check loans, and pawnshop loans. Personal loans with essentially no approval requirements typically charge the highest interest rates and loan fees.

How can I get instant loan immediately?

XpressLoan is an instant personal loan from LazyPay of upto Rs. 5 lakhs. You can apply for a personal loan online, which will be sent directly to your bank account after approval. Approvals usually take 5 mins without needing paperwork or physical documents.

Can you pay off a Speedy Cash loan early?

If you desire to pay off your Installment Loan before you reach full term, call our Customer Service team. They may have options to pay off your loan with a card, bank account, or with cash.

Does Speedy Cash show up on credit report?

Other cons that come with Speedy Cash Loans include: Originates fees. A soft credit pull is not acceptable for pre-approval. Speedy Cash Express Installment Loans does not submit credit reports to credit bureaus.

Is Speedy Cash legitimate loan company?

The company offers several types of loans, so borrowers can choose the option that makes the most sense for their needs and financial situation. While its interest rates are high, Speedy Cash is a legit option for people who need cash fast and can pay it back within the allotted time.

Are payday loans ever a wise choice to get fast cash?

They can be tempting if you urgently need money before your next pay period. However, the fast payoff period doesn't leave you much time to adjust for the unexpected. As a result, many payday borrowers often roll over payday loan balances they couldn't repay, and end up in worse financial shape.

Is Speedy Cash the same as check into cash?

Yes! Just like Check Into Cash and Cash Central, Speedy Cash offers a range of loans for which you can effortlessly apply online! With a few clicks you can instantly be connected to convenient cash.

Can I verify a check instantly?

Banks should usually be able to verify a check for you within a few minutes over the phone. You might have to take the time to go to the branch in person, however, as some banks require this.

Does Speedy Cash ask for ID?

Types of Loans from Speedy Cash

You'll need your valid ID, proof of income, and a checking account. Best for emergency cash, such as new tires or an unexpected doctor's visit.

How long does it take for a loan to be deposited?

Funding. If you are approved, funding generally takes between two to five business days. Smaller banks and credit unions may take longer, but most should be able to fund your loan within a week of applying if you opt for direct deposit into a bank account.

What happens when Speedy Cash sues you?

If the lawsuit is successful, the court will issue a judgment against you for the amount you owe. This money judgment allows the payday lender or debt collector to pursue further methods to collect the money and fees you owe.

Will payday loans settle for less?

Yes, you can settle payday loans for less than you owe in some cases. Depending on the circ*mstances of your debt, you may be able to settle your payday loans for as little as 50% of what you owe and get out of debt in 2 - 4 years.

Why should you avoid payday loans?

Reasons to Avoid Payday Loans

Payday Loans Are Very Expensive – High interest credit cards might charge borrowers an APR of 28 to 36%, but the average payday loan's APR is commonly 398%. Payday Loans Are Financial Quicksand – Many borrowers are unable to repay the loan in the typical two-week repayment period.

What happens if you get a loan and don't use it?

If you decide that you don't want or need a loan once you have received the funds, you have two options: Take the financial hit and repay the loan, along with origination fees and prepayment penalty. Use the money for another purpose, but faithfully make each monthly payment until the loan is paid in full.

How long do payday loans stay on your credit?

They are treated in exactly the same way as an overdue credit card, finance agreement or long-term loan. If you repay your payday loan on time and with no issues, it will stay on your credit report for up to 6 years, depending on the credit reference agency.

Who has the fastest loan approval?

How hard is it to get a $30,000 personal loan?

In general, lenders extend $30,000 loans to borrowers with good to excellent credit, which is typically 670 and higher. But there may be lenders who lend to borrowers with bad credit. If you're having difficulty qualifying, you may consider getting a cosigner or co-borrower to help you get approved for the loan.

How to borrow $500 quickly?

You can get a $500 loan via a personal loan, payday loan, payday alternative loan, cash advance app, or credit card cash advance. However, some options are better than others. Some small loans come with high costs that can cause financial hardship.