The parent company of Speedy Cash is loanDepot, a publicly traded lender offering personal, home and home equity loans. loanDepot was founded in 2010 when mortgage banker Anthony Hsieh took mortgage lending technology public.
loanDepot has since grown to become one of the top 10 mortgage lenders in the United States, servicing over $142 billion in active loans across retail, wholesale, digital and correspondent channels. loanDepot provides a comprehensive range of credit products and services to meet the individual financial needs of consumers, including unsecured personal loans and lines of credit, refinancing, and home equity.
Their products and services are backed by a commitment to responsible lending and customer service excellence. loanDepot’s fully integrated suite of financial services that includes its signature Speedy Cash offering, which is designed to meet the needs of customers looking for secure and easy access to cash.
Customers are able to immediately apply for a short term loan online, over the phone or at a Speedy Cash store location, and receive fast approval and access to funds in the same day.
Who is Speedy Cash owned by?
Speedy Cash is owned by financially-driven venture capital firm, J. C. Flowers & Co. LLC. Founded in 1996, J. C. Flowers & Co. is a leading global private equity firm that focuses on investing in the financial services and healthcare sectors.
The company is headquartered in New York and has additional offices in London and Tokyo. Some of the leading global institutions that J. C. Flowers & Co. has invested in include Ally Financial, Aviva plc, Commerzbank, MF Global, National Australia Bank, and Sumitomo Mitsui Banking Corporation, among others.
J. C. Flowers & Co. established Speedy Cash, a leading provider of consumer financial services, in 1997. With its mission to offer convenient and accessible financial services to customers all over the world, Speedy Cash has evolved into a company that provides personal loans, payday loans, and other financial solutions.
The company has grown exponentially since its inception and currently operates over 600 physical locations in the US and Canada.
Today, Speedy Cash is one of the largest consumer financial services companies in the US and Canada, offering a wide range of financial solutions nationwide. J. C. Flowers & Co. ’s vision has enabled Speedy Cash to become one of the most trusted consumer finance companies in the world.
Are Ace and Speedy Cash the same?
No, Ace and Speedy Cash are not the same. Ace is a financial technology company that offers a range of consumer services including online loans, credit repair, payment processing services, and banking solutions.
Speedy Cash is a financial services store that specializes in payday loans, title loans, installment loans, lines of credit, check cashing, and other financial services. While Speedy Cash does offer online services, it is primarily focused on brick-and-mortar stores.
In addition, whereas Ace offers a wide range of services, Speedy Cash is more focused on providing payday loans and other financial services.
Is Speedy Cash USA legitimate?
Yes, Speedy Cash USA is a legitimate financial services provider. They have been in business since 1997 and are licensed or registered in 34 American states, making them one of the most trusted and reliable lenders in the USA.
On Trustpilot, they have over 10,000 reviews with an impressive 4. 5 out of 5 star rating. In addition, they are part of publicly traded Enova International, a global marketplace lending leader, who brings multiple years of lending experience.
According to their website, all financial products are designed to meet their customers’ needs and provide transparent terms and costs. All data is encrypted and securely stored, and Speedy Cash practices responsible and ethical lending.
These practices are vital for ensuring their customers feel confident in applying for and using their services.
Is check into cash the same as Speedy Cash?
No, Check Into Cash and Speedy Cash are two separate entities. Check Into Cash is a financial services retailer with over 1,200 stores in 30 states across the United States, offering check cashing, payday advances, title loans, installment loans, and other financial services.
Speedy Cash is a direct lender that provides payday loans and other loan products in 15 states across the United States. While both companies provide financial services to customers, they operate in different ways, offer different services and fees, and have different locations.
What happens if you don’t pay back a Speedy Cash loan?
If you don’t pay back your Speedy Cash loan, the lender may attempt to collect the debt through a variety of methods. Depending on the type of loan you took out, they may place your account in collections and send it to a third-party collection agency.
They may also contact you directly by mail, email, or phone. Additionally, they may take legal action against you and take legal action to garnish your wages or property. If you don’t make payments, the lender may report missed payments to major credit bureaus, which could lower your credit score and make it difficult to get future credit.
Even if the lender is unable to collect the debt, unpaid debt could stay on your credit report for up to seven years. If you are struggling to make payments, it is important to contact Speedy Cash as soon as possible so that you can discuss alternative payment options.
Will Speedy Cash hurt my credit?
No, asking for a loan from Speedy Cash will not hurt your credit score. The lending process used by Speedy Cash is called “soft inquiry,” which means that making a loan request will not appear as a hard inquiry on your credit score.
This type of loan may also be called a “no-credit-check” loan, as the lender is not actually looking at your credit score in order to decide whether or not you qualify. However, even if your loan request is approved, you may still need to provide documents that verify your income, proof of employment, and other personal details.
Taking out a loan does not hurt your credit score, but if you don’t make regular payments on time and in full, it can hurt your credit score in the future. When you take out a loan from Speedy Cash, it’s important to make sure that you read all of the fine print and understand the full loan agreement.
Be sure to make payments on time and in full to avoid any negative impact on your credit.
Is Speedy Cash a real company?
Yes, Speedy Cash is a real company. They are a direct lender that specializes in short-term lending and financial services. Speedy Cash was founded in 1997 and has over 20 years of experience in the industry.
They provide a variety of services, including payday loans, installment loans, online cash advances, title loans, and more. They also offer online banking, prepaid debit cards, and other financial services for both individuals and businesses.
They have over 500 locations throughout the United States and Canada, and their online platform enables customers to apply for loans and manage accounts from anywhere.
Is cash USA a legit company?
Yes, Cash USA is a legitimate financial services provider. The company is licensed in all 50 states and has been in business for over 14 years. Cash USA offers secure, fast and convenient online loans for customers looking for quick access to cash.
They provide a variety of installment loan and payday loan options to meet customers’ needs, and all loans go through a thorough approval process to ensure safety and security. Cash USA is also transparent about its fees, terms and conditions, and customer service representatives are always available to answer customer questions.
All in all, Cash USA is a legitimate financial services provider.
How does Speedy Cash verify income?
Speedy Cash uses a variety of methods to verify an applicant’s income, depending on the type of loan product the individual has applied for and the particular state in which they live. Generally, Speedy Cash collects documentation such as paystubs, bank account information, W-2’s, tax returns, and other employment or asset documentation to verify income.
Additionally, Speedy Cash uses information database resources such as LexisNexis and Credit Check Total, to verify the identity of each loan applicant, including employment and income information. These database resources also help to determine creditworthiness and loan eligibility.
Speedy Cash also verifies a loan applicant’s employment by contacting their employer directly. For self-employed applicants, a Drivers License or passport, as well as a Schedule C, 1099 or 1040 form, could be required.
Is the fast cash loan company legit?
That is a difficult question to answer without knowing more information about the specific fast cash loan company. Generally, it is important to do research before taking a loan from any company, to make sure that the company is legitimate.
Do your due diligence and look into the company’s background and history before signing a loan agreement. Check with the Better Business Bureau or online review sites to see what others have to say. Additionally, verify the contract to make sure that all information is accurate and that the company abides by all applicable laws.
Loans should never be taken lightly, so make sure that you understand all the terms and conditions before signing.
How long has speedy cash been in business?
Speedy Cash has been in business since 1997. Established in Riverside, California, the business was founded by three entrepreneurs who had over 20 years of combined experience in the payday loan, check cashing and online financial services industry.
The business’s aim was to offer customers convenient, friendly and secure service options throughout the entire financial transaction process. Over the years, the business has expanded to several states, including Texas, Oklahoma, Colorado, Nevada, Missouri and more.
Today, with more than 350 locations, Speedy Cash offers a variety of financial services, including payday loans, installment loans, title loans, lines of credit and more. The company also offers an intuitive, secure app that customers can use to access and manage their accounts from any device.
Speedy Cash’s 24/7 customer service also helps customers every step of the way. With more than 20 years of experience in delivering financial solutions to customers, Speedy Cash continues to bring convenience, security and customer service.
Did Speedy Cash go out of business?
No, Speedy Cash is still in business. Speedy Cash was founded in 1997 and has grown to become a major financial services provider for individuals in the Midwest and West Coast regions of the United States.
They offer a range of products, including payday loans, installment loans, auto title loans, lines of credit, auto equity loans, and more. They also offer online services such as check cashing, online payments, and online banking.
Speedy Cash has almost 400 locations across the United States and Canada, and their online platform is available 24/7, giving customers the convenience of accessing their funds at any time.
Does everyone get approved for Speedy Cash?
No, not everyone is approved for a loan from Speedy Cash. Your ability to be approved for a loan from Speedy Cash, or any other lender, depends on a number of factors that lenders consider when making a decision, such as your credit score, income level, and the amount of debt you carry.
While Speedy Cash does not require a minimum credit score for approval, its online lenders often do. It is also important to remember that specific state laws also affect your ability to get a loan. Additionally, the ability to be approved for a loan from Speedy Cash will depend on whether you meet its minimum requirements for lending.
In order to increase your chances of being approved for a loan from Speedy Cash, you should ensure that you have a good credit score, a reliable source of income, and meet all of the lender’s requirements.