Quick Answer: Does Speedy Cash Offer Payment Plans?

What happens when you don’t pay speedy cash?

Talking with your lender can result in agreements to help you through your situation.

But, if you refuse to payback your payday loan, the first thing that will happen is your loan will be moved to Collections, where lenders will do what they can to recover their funds..

Is speedy cash loans legit?

The company offers several types of loans, so borrowers can choose the option that makes the most sense for their needs and financial situation. 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 you get a loan with a 550 credit score?

You may be able to secure a personal loan with a credit score of 550, but you’ll be paying much more in interest than most borrowers with higher credit scores. Instead, you could consider waiting until you’ve improved your credit score, enlist the help of a cosigner or seek out a secured loan.

How does Speedy Cash work?

You borrow a small amount of money, and pay it back – along with interest and fees accrued – on your next pay day. Payday lenders like Speedy Cash offer multiple ways to get a payday loan, so you can choose the option most convenient for you.

Can you set up a payment plan for payday loans?

Yes. On or before your loan comes due (even if it is your first loan), if you tell your payday lender you cannot pay the loan when it is due, the lender must tell you that you can have an installment plan (a payment plan). Any such plan must be in writing. You and the lender must both sign it.

What is the best payday loan company for bad credit?

Bad Credit Loans – Credit BrokersLenderRepresentative APRAzure Money49.40%George Banco49.70%Bamboo49.70%Amigo Loans49.90%6 more rows

What happens if you can’t pay a payday loan?

Payday loans come with exorbitant interest rates and fees that often make them very difficult to repay. If you can’t pay back a payday loan, the account may be sent to a collection agency, which will damage your credit.

Will speedy cash take you to court?

If you owe a $1,000 loan and you do not pay it back according to the terms, the lender can take you to small claims court and sue you for a judgment against you for the amount owed.

Can you get served for not paying a payday loan?

No, you cannot be arrested for defaulting on a payday loan. However, if you are sued or a court judgment has been entered against you and you ignore a court order to appear, a judge may issue a warrant for your arrest. You should never ignore a court order.

How long does Speedy Cash take to deposit?

15 minutesHow 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.

Does Speedy Cash accept bad credit?

Speedy Cash looks at your credit history when you apply for an installment loan, so if your credit is subpar, you may be turned down. But even if you have bad credit, you can still apply for a bad credit loan.

What are the requirements for speedy cash?

Payday Loan RequirementsMeet 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.

How does speedy cash installment loan work?

A: Speedy Cash offers quick cash installment loans. A Speedy Cash installment loan could give you the cash you need to help you keep up with bills, pay your rent, make a card payment, etc. … An installment loan typically accrues daily interest, and is paid back over a longer, set period of time.

Can you go to jail for not paying a bill?

You typically can’t be arrested for debts, only sued, but in some states you can be arrested for failure to comply with a court-ordered judgment. … You can’t be arrested just because you owe money on what you might think of as consumer debt: a credit card, loan or medical bill.

How does Speedy Cash verify income?

Income information including your income type, employer information (if applicable), your pay frequency, and your income amount (some states may require income verification, in which you will need to submit a payment stub or copy of a bank statement)

How much can you borrow from Speedy Cash?

Installment Loans Online and In-Store up to $5,000 | Speedy Cash.

Will Speedy Cash approve me?

You could be approved for a loan on the spot – often in just 10 minutes or less. Upon approval, you will receive your cash right away. Apply Online – Complete your loan application in a matter of minutes. Upon submitting your application, we will provide you with an instant lending decision.

Can you go to jail for a payday loan?

The Consumer Financial Protection Bureau, which is responsible for regulating payday lending at the federal level says “No, you cannot be arrested for defaulting on a payday loan”. A court can only order jail time for criminal offenses in the US, and failure to repay debt is not a criminal offense.