What we love about Speedy Cash Loans personal loan

If you don't have many loan options and are desperate for cash now, then Speedy Cash may be able to help. The eligibility requirements are flexible, the application process is easy, and you can get cash fast.

What could Speedy Cash Loans do better?

The rates and costs are extremely high. For instance, on its website, the company provides examples of its finance charges by state. It's important to be cautious when signing up for these products. You can end up owing two to three times what you borrow on the longer-term loans, and many have difficulty repaying the short-term loans without reborrowing.

Speedy Cash Loans backstory

Speedy Cash is a direct lender that offers several types of financial services to its customers. It has over 20 years in business, starting as a single store in California and now licensed to serve customers in over 28 states. While payday loans are the company's main offering, it has a full lineup of additional products.

Speedy Cash is a brand of Curo Financial Technologies. Curo was founded in Riverside, California, in 1997. It now operates a selection of subprime financial services, such as Rapid Cash, Cash Money, Avío Credit, Opt+, and Revolve Finance.

The Verdict

While Speedy Cash does make loans more accessible and offers a streamlined loan process, you should explore other options before committing. Rates are high, and their customer reviews are less-than-stellar. However, if you have an emergency and bad credit, it could be just the source of fast cash you need.

Preferable routes include asking friends or family for a loan, cutting back on expenses so you can make it to your next payday, and checking to see if you can qualify for better rates and terms with another lender. Even if your credit isn't great, you still may be surprised to find you can qualify with various companies.

Want to compare Speedy Cash to other lenders? Check out what the best personal loans are to ensure that you choose the best option for you. Click here to find out the review for the lenders on Supermoney's website.