Laila Keith
Speedy Cash offers quick cash Installment Loans, which are useful for paying bills, making credit card payments, etc. The amount you can borrow depends on several factors, including your monthly income, credit score, and the maximum loan amount available in your state. There is no penalty for paying off an Installment Loan early, and Speedy Cash encourages its customers to pay off their loans as soon as they are able.
| Characteristics | Values |
|---|---|
| Loan Amount | Depends on factors such as monthly income, credit score, and the maximum loan amount available in the state |
| Loan Term | Longer than a typical Payday Loan but shorter than some secured Installment Loans |
| Interest | Fixed rate |
| Early Payoff | No penalty |
| Payment Options | Debit card, bank account, or cash |
| Application Process | Online, in-store, or over the phone |
| Availability | Varies by state |
What You'll Learn
Installment loans for bad credit
Speedy Cash offers instalment loans for bad credit. These loans are designed for people with less-than-perfect credit scores, and the company does not perform a traditional credit check. Instead, Speedy Cash considers other factors, such as income and ability to repay, when making lending decisions. The amount you can borrow depends on factors like your monthly income, credit score, and the maximum loan amount available in your state. Instalment loans from Speedy Cash carry a longer term than a typical payday loan but are not as long-term as some secured instalment loans (such as a mortgage).
It is important to remember that taking out an instalment loan is a long-term commitment, and you will need to follow through with the payment plan to avoid financial complications. When considering a bad credit instalment loan, weigh the financial obligation against your purpose for needing the loan. Many borrowers shy away from these loans because they think their credit is not good enough. However, bad credit instalment loans can provide much-needed funds for big expenses or emergencies.
The amount you can borrow for a bad credit instalment loan varies but is typically at least $1000 and can go up to a few thousand dollars. It is recommended that you determine how much you need before applying and then borrow only that amount. When considering a bad credit instalment loan, shop around for lenders who offer competitive rates and flexible repayment schedules. For example, CreditNinja offers instalment loans with competitive rates and flexible repayment options of up to 24 months, helping to keep monthly payments low and affordable.
Before taking out an instalment loan, it is important to understand the repayment terms and any associated fees. Some lenders charge a penalty for early repayment, but Speedy Cash does not. Instead, they encourage borrowers to repay their loans as soon as possible to reduce interest costs. Speedy Cash also offers quick loan decisions and high possible loan amounts. To apply for an instalment loan with Speedy Cash, you can go to one of their stores or apply online from the comfort of your home.
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No penalty for early repayment
Speedy Cash offers instalment loans that can be paid back in increments. These loans are useful for paying bills, making credit card payments, etc. The amount you can borrow depends on several factors, including your monthly income, credit score, and the maximum loan amount available in your state.
Speedy Cash instalment loans carry a longer term than a typical payday loan but are not as long-term as some secured instalment loans (such as a mortgage). The loan amount can be paid back in scheduled payments spread out over the course of the loan.
There is no penalty for paying off a Speedy Cash instalment loan early. In fact, it's a great idea to pay off a loan as quickly as possible. Some lenders charge a fee for early repayment, but Speedy Cash does not. The company encourages its customers to pay off their loans as soon as they are able.
If you want to pay off your instalment loan in full before the end of your loan term, you can call the Speedy Cash customer service team or stop by the store to discuss your options. You may be able to pay off your loan with a debit card, bank account, or even cash. By paying off your loan early, you could save money by cutting down your interest.
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Longer loan terms
Speedy Cash offers longer loan terms through its Installment Loan product. This loan type lets you borrow money and gradually repay the borrowed amount through a set number of scheduled payments. The amount you can borrow depends on several factors, including your monthly income, credit score, and the maximum loan amount available in your state. Generally, installment payments are scheduled payments spread out over the course of the loan.
The Installment Loan product is a good option if you prefer to pay back your loan in increments. It carries a longer term than a typical Payday Loan but is not as long-term as some secured Installment Loans (such as a mortgage). There is no penalty for paying off an Installment Loan early, and in fact, it is encouraged to pay off a loan as quickly as possible to save on interest.
Speedy Cash understands that everyone's financial situation is unique, and you may be worried about qualifying for a loan with bad credit. That's why they offer various loan options to suit your needs. When taking out a loan from any lender, it’s important to ask as many questions as you need to feel comfortable before moving forward.
To apply for a loan, you can call and speak with a knowledgeable team member, apply online, or come into a store and speak with a team member who can help you apply.
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High loan amounts
Speedy Cash offers high loan amounts with its Installment Loans. These loans are useful for paying bills, making credit card payments, and addressing urgent expenses. The amount you can borrow depends on factors such as your monthly income, credit score, and the maximum loan amount available in your state. In some states, you may be able to borrow up to $3,000 with an Installment Loan.
Speedy Cash Installment Loans offer a longer loan term compared to typical Payday Loans, although they are not as long-term as some secured Installment Loans (e.g., a mortgage). The loan amount is paid back in increments, with scheduled payments spread out over the course of the loan. This allows you to gradually repay the borrowed amount through a set number of payments.
Speedy Cash encourages customers to explore their options and understand the loans they are considering. The Speedy Cash Help Center provides answers to frequently asked questions about the application process and requirements. You can also speak with a Speedy Cash associate or team member to learn more and apply for a loan that suits your unique financial situation.
It's important to note that short-term loans, including Installment Loans, should be used for short-term financial needs and not as a long-term financial solution. Customers with credit difficulties are advised to seek credit counseling before entering into any loan transaction. Additionally, loan availability and repayment options may vary by state, so it's recommended to discuss the details with a Speedy Cash representative prior to finalizing a loan agreement.
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Quick loan decisions
Speedy Cash offers quick loan decisions for those who need access to funds for urgent expenses. You can apply for a loan online, in-store, or over the phone and get a quick loan decision. The amount you can borrow depends on several factors, including your monthly income, credit score, and the maximum loan amount available in your state.
Speedy Cash Installment Loans carry a longer term than a typical Payday Loan but are not as long-term as some secured Installment Loans (such as a mortgage). Generally speaking, installment payments are scheduled payments spread out over the course of the loan. You will receive information about your loan, including your repayment schedule at the time of approval. There are several payment options, including automatic payments, which can help you avoid late or missed payments.
If you choose to pay off your loan earlier than outlined in your loan agreement, you could save money by cutting down your interest. There is no penalty for paying off your loan early. In fact, it's a great idea to pay off a loan as quickly as possible. Some lenders charge a fee for paying a loan off early, but Speedy Cash does not. Your income and ability to repay will be considered when making a lending decision.
Speedy Cash encourages its customers to explore their options when facing financial difficulty. Once it has been determined that a Payday Loan is a viable option, the Speedy Cash application process is simple and quick. Funds can typically be deposited into your account as quickly as the next business day or given to you in cash in-store as soon as the same day. Repayment of the loan plus fees is due on or around your next payday.
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Frequently asked questions
An installment loan is a personal loan option that offers seamless access to funds for ongoing expenses. You can borrow money and gradually repay the amount through a set number of scheduled payments. The amount you can borrow depends on several factors, including your monthly income, credit score, and the maximum loan amount available in your state.
You can apply for an installment loan online, in-store, or over the phone. Once approved, you will receive information about your loan, including your repayment schedule.
Installment loans carry a longer term than a typical payday loan but are not as long-term as some secured installment loans (such as a mortgage). There are no origination fees, no fees to initiate a line of credit, and no draw fees. You can pay off your loan early without penalty, and you will save money by cutting down your interest.
