Personal information including your full name, address, phone number, Social Security Number, and a valid ID number. … Banking information including your checking account number and routing number (this is used not only for loan repayment, but also to get your payday loan money to you)
Accordingly, how does speedy cash loans work?
The money you borrow is yours to use as you wish, and payments are easily scheduled for automatic ACH withdrawal from your checking account. Early payoff is accepted without penalty, and due date extensions are available to Customers who cannot afford to repay their loans in full on their next pay day.
Hereof, does Speedy Cash affect your credit?
The application process for a Speedy Cash loan is fairly straightforward. Here’s the personal information you‘ll need when you apply. Speedy Cash will perform a credit check once you apply — which could negatively affect your credit scores by a few points.
Is speedy cash loans legit?
Is Speedy Cash legit? Speedy Cash offers customers quick funds up to $26,000 both online and in stores. … 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.
Can I get 2 loans from Speedy Cash?
A: You cannot have multiple installment loans open simultaneously with Speedy Cash. However, you may be able eligible to get another loan – such as a title loan or payday loan – that you can have while also having an open installment loan.
How much would a $500 payday loan cost?
Keep in mind the interest charge is paid in addition to the original amount borrowed — so the $500 loan will cost almost $2,000 by the time its paid back in a year.
How long does it take to get money from Speedy Cash?
How quickly can I get my cash with instant funding†? 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.
How do I pay back speedy cash?
How Do I Pay Off My Payday Loan?
- Debit card payment.
- Cash payoff.
- Automatic payment from your bank account.
- Post-dated check.
Does speedy cash call your employer?
Do you call my employer? Yes, we call your employer to verify your employment; however, to protect your privacy, we will not divulge that we are calling from Speedy Cash.
What happens if you don’t pay speedy cash?
If you can‘t pay then don’t. They will abuse you with phone calls and letters and may sue you. This may give a claim for violation of the Telephone Consumer Protection Act. Each violation of the Act is worth at least $500 to you plus attorney fees.
How do you get approved for speedy cash?
Payday Loan Requirements
- Meet minimum age requirements in your state (18 in most states)
- Have an open and active checking account.
- Be able to show proof of income.
- Have a valid phone number.
Which is better payday loan or installment loan?
If you’re in need of a small amount of cash and are confident you can repay the loan by your next paycheck, a payday loan may make sense. If you’re unable to repay a payday loan or want to borrow a larger sum of money, then an installment loan may be the better option.