Line of Credit Loans

With a line of credit loan from Speedy Cash, you apply only once and can request cash advances as often as you need up to your available credit limit. There are several repayment options to choose from, including making minimum payments gradually over time or repaying your balance in full to reduce interest.

* Other fees may apply.

How Does a Line of Credit Loan Work?

Being short on cash is never an ideal situation - that's why Speedy Cash offers quick loans in the form of a personal line of credit. Unlike typical payday loans and installment loans, line of credit loans give you the freedom to borrow what you need, when you need it. Borrow only what you need now, paying interest only on the amount you actually borrow. You decide whether to pay the minimum amount due on your due date, or to make larger payments to reduce your balance more quickly. As you make payments, you can take out additional cash advances (up to your approved credit limit), giving you control over how and when you use your funds. Should you choose, we will even keep your line of credit open with a zero balance for up to one year.

Paying more than the minimum payment is encouraged so that you pay less in interest charges. As a Speedy Cash Customer, you will never be penalized for paying off early. Once your balance is paid in full, we will even keep your line of credit open, so that you can get more cash in the future if you should need it.

Line of Credit Answers

A: The maximum amount you can borrow from Speedy Cash depends on a variety of many components:

Your monthly take home pay
Credit score, and
Maximum loan amount available in your state

View your state’s loan page for maximum loan amounts.

A: When applying for a line of credit loan from Speedy Cash, you will need the following to get started:

Form of valid identification
Steady source of income
Open and active checking account

A: Whether you visit a Speedy Cash store or decide to apply online, you have the option to get cash in your hands the same day you apply, and in some cases, even instantly! Here is a breakdown of how long you can expect your loan process to take:

Apply at a Speedy Cash Near You - In a matter of minutes, you could be approved and walking away with cash in your hand.
Apply Online – Complete your online line of credit application in just a few steps. Once you have submitted your online application, Speedy Cash will provide you with an instant lending decision. If approved, there are various ways to choose how you would like to receive your loan funds.

  • Instant Funding to Opt+: If you’re looking for the fastest way to receive your money, try loading your funds onto an Opt+ Visa card (subject to system limitations).
    *Instant funding to Opt+ subject to system limitations.
  • Cash at Store Pickup: Pick up your fast cash the same day if you are located near a Speedy Cash store!
  • Direct Deposit: Would you rather have your funds direct deposited into your bank account? We can get you set up with direct deposit! Typically your funds will be in your account by the next business day.

A: Your first loan payment will be due on your next pay date that is at least 16 days in the future. Payments include a percentage of the loan's principal balance, plus the accrued interest.

A: Daily interest will be charged on the amount you borrow, but you only have to pay interest for the time you borrow the money. And you can choose to pay off your balance at any time — putting you in control of the amount you pay.

A: Need more fast cash now? Immediately receive more cash up to your credit limit as you continue to make payments on your loan. Login to your online account or Speedy Cash app, or visit a Speedy Cash location to access your available credit.

A: Emergencies happen when we least expect them – we understand. Speedy Cash encourages responsible borrowing for all of our Customers – only borrow what you can afford to pay back on your next pay date. Having trouble repaying your loan? Call us or pop into a store. We may be able to change your due date or arrange a different payment plan.

Have more questions?

Visit our FAQ page.

Customer Notice:
There are a wide variety of loan products available in the marketplace, so your choice of lending products should match your financial needs. Small-dollar loans used over a long period of time can be expensive.

Subject to state regulations, eligibility, credit check, underwriting and approval. Rates, terms and conditions apply. Installment title loans subject to minimum auto value requirements. See associate for details. Lending decisions and funding times subject to system limitations. Some applications may require additional verification, which can delay the lending decision. Same day funding only available for Opt+ cardholders and in-store pickup. Minimum age to apply in Alabama is 19.

NOTICE: The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant's income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The Federal agency that administers compliance with this law concerning this creditor is the Consumer Financial Protection Bureau, 1700 G Street NW, Washington DC 20006 and the Federal Trade Commission, Equal Credit Opportunity, Washington DC 20580.

In Texas, Speedy Cash operates as a Registered Credit Access Business (CAB). The actual Lender is an unaffiliated third party. Speedy Cash engages in the money transmission business as an authorized delegate of Western Union Financial Services, Inc. under Chapter 151 of the Texas Finance Code. Speedy Cash engages in the money transmission and/or currency exchange business as an authorized delegate of MoneyGram Payment Systems, Inc. and Western Union Financial Services under Chapter 151 of the Texas Finance Code.

In Ohio, SCIL, Inc. dba Speedy Cash, is a registered Ohio Credit Services Organization (CS.900174.000) operating pursuant to the Ohio Credit Services Organization Act. The actual lender is an unaffiliated third party. The Ohio laws against discrimination require that all creditors make credit equally available to all credit worthy customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio civil rights commission administers compliance with this law.

CA: Licensed by the California Department of Business Oversight pursuant to the California Deferred Deposit Transaction Law. California loans other than deferred deposit loans are issued pursuant to the California Financing Law. Installment Title Loans subject to minimum auto value requirements.

New Mexico: This lender is licensed and regulated by the New Mexico Regulation and Licensing Department, Financial Institutions Division, P.O. Box 25101, 2550 Cerrillos Road, Santa Fe, New Mexico 87504. To report any unresolved problems or complaints, contact the division by telephone at (505) 476-4885 or visit the website http://www.rld.state.nm.us/financialinstitutions/.

Nevada: The use of check-cashing services, deferred deposit loan services, high-interest loan services or title loan services should be used for short-term financial needs only and not as a long-term financial solution. Customers with credit difficulties should seek credit counseling before entering into any loan transaction.

Tennessee: The State of Tennessee requires a minimum principal reduction. In order to comply with the minimum state-required principal reduction, Speedy Cash requires that minimum payments include a principal reduction of 2% or $2.50 for Customers who get paid bi-weekly/twice-a-month, or 4% or $5 for Customers who get paid monthly, whichever is greater.

Opt+: This card is issued by Axiom Bank or Metropolitan Commercial Bank, Member FDIC, pursuant to a license from Visa. Visa is a registered trademark of Visa USA Inc. All trademarks and service marks are property of their respective owners. ATM: Free withdrawals at any Speedy Cash or Rapid Cash location. Transaction fees will apply for all other ATMs. No charge loads/unloads at Speedy Cash and Rapid Cash locations only.

Google Play is a trademark of Google Inc. Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Data rates may apply.