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Does Speedy Cash approve everyone?

No, Speedy Cash does not approve everyone. Whether Speedy Cash can approve a loan application and provide a loan depends on an applicant’s credit, bank account, income, and other factors. When an applicant applies for a loan at Speedy Cash, the lender will perform a hard credit check to determine whether the applicant is qualified for a cash loan.

The lender will then review the applicant’s financial standing, including creditworthiness, to determine whether a loan can be approved. Additionally, applicants must have a bank account to be eligible for a loan.

Furthermore, if applying for a payday loan, applicants must meet certain income requirements. Ultimately, approval for loan amounts, terms, and conditions vary based on an individual’s eligibility, state regulations, and Speedy Cash’s underwriting requirements.

How does Speedy Cash verify income?

Speedy Cash verifies income in a variety of ways depending on the type of income and financial situation of each customer. If you are currently employed and collecting a salary, the most common way of verification is through a pay stub or some other form of verifiable proof of income.

This can include a copy of your most recent bank statement, direct deposit proof, etc. If you are self-employed, then you may be asked to verify your income with tax documents such as a 1099 form, W2 form, etc.

Additionally, Speedy Cash may request other forms of verification, such as bank account information, contact information from an employer, or proof of address. Speedy Cash reserves the right to request additional documentation, such as pay stubs, bank statements or other documentation, to verify income and ensure that customers who use our services will be able to make all of their payments in a timely and accurate manner.

How do you get approved for Speedy Cash?

Getting approved for a loan with Speedy Cash is quick and easy. The first step is to create an online Speedy Cash account. You will be asked to provide some basic information such as your name, address, phone number, and email address.

Then you will be asked to submit additional documentation such as proof of income, a valid government-issued ID, and an image of a voided check or bank statement.

Once your information is validated and approved, you’ll be assigned a loan amount and requested to agree to the terms of the loan. After you accept the terms of your loan, the funds will be deposited directly into your checking account, usually in as little as one business day.

Speedy Cash is committed to responsible lending and transparency. They need to verify that you have the means and ability to repay the loan. During the loan approval process, you should expect to see verification requests made to validate the information submitted by you.

Verification information can include but is not limited to credit check, employment verification, third-party account verifications, and more.

It is important to get the terms of your loan right to make sure that everyone involved understands and abides by the agreement. Carefully read the paperwork, ensure that you understand the interest rate and repayment amount and schedule, and ask questions if you are uncertain or need clarifications.

Depending on the loan amount, duration, and other factors, you may be required to submit additional documentation at any point during the loan approval process. It is important to be patient and provide any additional documents that are asked for to help the approval process move more quickly.

What does Speedy Cash ask for?

Speedy Cash asks for basic information in order to provide you with financial products and services. This includes your name, address, phone number, email address, date of birth, Social Security Number (for some services), drivers license information, bank information, and other personal information.

Depending on the type of loan you apply for, you may need to provide additional information, such as your employer information, income information, and other required documents. With Speedy Cash, you are in control of the personal information you share and can update your information as needed.

They use secure encryption technology to protect your information and keep your information safe and confidential.

Does Speedy Cash run a credit check?

No, Speedy Cash does not run a credit check. They offer payday loans, installment loans, and other types of short-term loans that do not require a credit check. Instead, Speedy Cash looks at income and other financial information to determine eligibility for its loans.

This makes it easier for customers who have poor credit to receive the financing they need. When applying for a loan from Speedy Cash, customers must provide information such as their bank account number, proof of income, and valid government-issued photo identification.

Minors are not eligible to apply.

Can you be denied a payday loan?

Yes, you can be denied a payday loan. Payday lenders are required to assess the risk of every borrower before providing a loan. If the borrower does not meet the lender’s established criteria for loan eligibility, they may be denied the loan.

Some of the reasons a borrower may be denied a payday loan include: having a bad credit history or score, being unable to provide necessary documentation, not having sufficient income to cover the loan, having existing payday or other short-term debts, not having a bank account or having a history of defaulting on past loans.

In some cases, if the lender deems that the borrower is at risk of not being able to repay the loan, the lender will deny the application.

Does Speedy Cash contact your employer?

No, Speedy Cash does not typically contact your employer unless you choose to provide them with permission to do so. If you do elect to provide Speedy Cash with permission to contact your employer, they may call them to verify your employment information and salary.

They may also communicate with your employer in order to obtain other information that may help them in making their lending decisions. It is important to understand that Speedy Cash will only contact employers in accordance with applicable laws and regulations.

Why is Speedy Cash calling me?

Speedy Cash may be calling you for a variety of reasons. It is likely that they are attempting to contact you to discuss a loan that you have recently applied for or an existing loan that you have with them.

They may also be contacting you to discuss any other products and services they can offer, such as short-term loans, installment loans, lines of credit, and more. Additionally, they may be calling to remind you of any upcoming payments that may be due on your account.

Finally, they may also be calling to offer you additional products, such as credit-related services and other services that may be applicable to your financial needs.

What do you need to get a loan?

In order to get a loan, there are a few different requirements that may need to be fulfilled. Many lenders will require an applicant to have an established income and a good credit score. Depending on the loan amount and the desired terms, lenders may also want to see proof of a steady job, recent tax returns, and any current assets that can be used as collateral.

Additionally, most lenders will require applicants to provide proof of legal age and identity, such as a valid driver’s license.

Besides meeting these financial requirements, lenders may have other stipulations that must be met, such as restrictions on how the loan can be used and repayment terms. These terms can vary greatly based on the lender and the particular loan type.

Knowing what documents to bring and what criteria to expect ahead of time is essential to getting a loan. Having of this information ready before applying can help the process go smoothly.

What collection agency does Speedy Cash use?

Speedy Cash primarily uses collections agency United Collection Bureau (UCB). UCB is a nationwide collection agency that provides specialty services and recovery solutions for a variety of industries, including the financial services industry.

UCB manages delinquencies by leveraging technology and data-driven analytics, as well as building relationships to maximize recoveries while minimizing losses. By utilizing best practice procedures, they work to protect their clients’ customers and reputations.

In addition to the collection service provided by UCB, Speedy Cash offers payment plans, allows customers to submit hardship requests, and implements debt write-off programs when necessary, in order to help customers get back on track with their loan payments.

Is Speedy Cash the same as Rapid Cash?

No, Speedy Cash and Rapid Cash are two separate companies. Speedy Cash is a company that provides payday loan services, installment loans, and other financial services. Rapid Cash is an ATM provider and also offers check cashing services.

Both companies offer fast services in different ways, with Speedy Cash enabling customers to access cash advance loans quickly, while Rapid Cash provides convenient access to ATM services. Both companies are reliable and secure ways to access cash quickly and conveniently.

Who bought Speedy Cash?

In July 2019, Cash America International, Inc. , one of the largest and most experienced providers of specialty financial services to underserved consumer markets, acquired Speedy Cash. Cash America was the No.

1 pawn lender in the U. S. and Mexico and a leader in short-term non-collateral consumer, pawn and automotive lending. The acquisition of Speedy Cash further strengthened Cash America’s international operations, adding more than 200 locations in the U.

S. , Canada and the U. K. , and enhanced its expertise in short-term consumer lending.

Speedy Cash, which was founded in 1997, is a strong leading brand in the consumer finance industry and owned by Enova International, Inc. and was the third most profitable payday lender in the U. S. before the acquisition.

With this acquisition, Cash America expanded its specialty finance services to include payday loans, cash advances, title loans, installment loans, and prepaid debit card services.

What happens if you don’t pay Speedy Cash?

If you don’t pay Speedy Cash, it is likely that you will be charged a late fee, and depending on the amount you owe, you may use cash for calls and letters from collections agencies. If the debt remains unpaid, you may be subject to legal action taken by Speedy Cash that could include wage garnishment or asset seizure.

If you miss payments and fall too far behind, Speedy Cash may choose to discharge the debt and the account may be reported to a credit bureau, damaging your credit score. It’s important to contact Speedy Cash as soon as you realize you won’t be able to make a payment on time to avoid these consequences.

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

The amount of time it takes for a loan to be deposited into your bank account depends on multiple factors, such as the type of loan, the lender, and your bank. Generally speaking, it can take anywhere from 1-2 days for a loan to be deposited into your account, however, some loans may take longer to receive.

If your loan is through a traditional brick-and-mortar financial institution, the wait time is typically shorter, but if you are obtaining the loan online from a fintech company, it could take up to a week.

In addition, some lenders require additional paperwork/documentation that may add additional wait time. Finally, the speed of deposit for a loan will also depend on your bank’s rules and processes in regards to accepting and processing the loan.

The best way to know for sure how long a loan will take to be deposited is to ask your loan officer.

How long do payday loans take to deposit?

The length of time it takes for a payday loan to deposit into your account can vary depending on the lender and the type of loan you choose. Traditional payday loans may take up to 24 hours to deposit based on the regulations of the lender.

This is due to the time it takes to process the loan and comply with applicable regulations. Other payday loan products, such as online installment loans, may take a few days to deposit. The amount of time typically depends on the lender’s regulations and their banking partners.