Facing Financial Hurdles? Choose a New Path

Moving through life can feel like an uphill battle at times, particularly when facing a financial situation that requires more cash than you have on hand. There is no shortage of lenders who are showing up in your social media feed promising quick fixes to complicated problems. So where do you turn when the path doesn’t appear clearly in front of you and your options feel a bit uncertain? Speedy Cash offers services you can count on quickly and conveniently. We’ve been in the lending business for over twenty-five wonderful years. In that time, we’ve learned a thing or two (or maybe a hundred) about helping our borrowers, successfully servicing our loan products, and offering lending solutions that provide peace of mind when it’s needed most. You may have realized, however, that lending options are not one size fits all. Depending on your situation, certain loan types may be a better fit for you than others. Also depending on your location, some loans may or may not be available. The best place to start is to gain a working knowledge of the different loan types offered by personal lenders like Speedy Cash. Then you’ll want to check and see which loan types are offered in your state before you apply.

Exploring Short Term Loan Options

When considering the loan that is a best fit for you and your situation, there are a few key points to review. You’ll want to consider how much money you need to borrow and how long you will need to repay the loan. Are you looking for a short-term loan that can see you through until pay day? A larger loan that you will repay over time? There are loans that can meet each of those requirements as well as additional options to consider prior to applying. It’s important to understand that not all loan types are available nationwide. All states have rules and regulations that lenders are required to adhere to. That means that in some states, loans, like the ones offered at Speedy Cash, are not available. In the states where these loans are available, there are limits to lending amounts that vary. To find out which loans are available in your state of residence, simply click here. No matter which loan product is chosen, one great point to keep in mind is that with a personal loan, you can use the funds however you would like. The funds are yours to use freely without restrictions.

Payday Loans

Payday Loans are cash loans designed to be paid back within a few days or weeks on or around your next payday. When you need short-term help⁴ covering expenses, typically emergency expenses, a Payday Loan could offer a solution that is workable. It’s important to keep in mind that Payday Loans are not designed to offer long-term solutions to ongoing financial roadblocks. Payday Loans, when used responsibly, offer needed assistance when facing situations that require financial resources that are otherwise unavailable to borrowers.

Installment Loans

Installment Loans offer the flexibility of payments when tackling an expense and typically larger lending amounts than Payday Loans. Installment loans come in many forms including loans that you may be very familiar with such as car payments and mortgage payments.³ What all these loans, including personal Installment Loans, have in common that you pay back the loan in payments which are also known as installments.² Additionally, Installment Loans, like all personal loans, are either a secured loan or unsecured loan¹ meaning you must use something as collateral or that no collateral is required. Personal Installment Loans, like the Installment Loans offered at Speedy Cash are unsecured meaning you’re able to obtain a loan, after approval, through an application process that does not include putting anything up as collateral.

Title Loans

Unlike Installment Loans, Title Loans require collateral. A clear title is required to obtain a Title Loan and must be presented during the application process. Title Loans can be paid back over time much like an Installment Loan. How does a Title Loan work? Along with your application and financial information, a Title Loan requires a clear title and a vehicle appraisal. If you’re approved, you will give the title⁶ of your vehicle to the lender until you have paid back the loan in full. However, you will keep your vehicle during the loan period. It’s important to pay your loan back in full and on time. At Speedy Cash, cars, trucks, boats, motorcycles, and RVs are all potentially accepted pending application, title, vehicle appraisal, and approval.

Line of Credit

When facing an expense that is potentially ongoing or when you aren’t sure exactly how much money you’re going to need, a Line of Credit is an option worth considering. If you are approved and receive a personal Line of Credit from Speedy Cash, you can draw as much or as little money⁵ as you would like from your approved credit limit. Your repayment and interest are based on the amount you borrow. A common use for a Line of Credit is an ongoing home or auto maintenance repair. As you pay down the loan, credit will once again become available meaning you can handle an ongoing expense and continue paying payments until you are ready to pay off the balance entirely. You do not have to borrow the amount you are approved for and can use just what you need as you need it.

Responsible Lending and Borrowing

The path you choose is entirely up to you, and the lending options at Speedy Cash are designed to help consumers as they handle various situations. Choosing the loan that is available to you in your area, that you are able to be approved for, and meets the criteria necessary for your situation is important. That’s why understanding all of the loans that are available is a great way to stay informed and prepared in case you need to borrow funds in the future. As important as understanding the options available at Speedy Cash are, it’s equally if not more important to understand what it means to borrow responsibly from a reputable lender. Speedy Cash is a member of the Online Lenders Alliance which means you can count on our team to work hard to adhere to the high standards set forth by the OLA. Providing great service and transparency when it comes to our rates, terms and loan options are two of the ways that we set ourselves apart as a leader in the online lending industry.

Responsible borrowing starts with a solid plan for repayment. Assessing your ability to repay by creating a budget is a great first step to confident borrowing. When a financial situation arises that requires quick action and cash that you do not have, snap decisions can be made that may prove to not be beneficial in the long run. That’s why it is very important to speak with your lender of choice, understand the terms and interest rates you are applying to obtain, and to have the ability to repay within the timeframe outlined in the proposed loan agreement. Taking a moment to pause and consider these things prior to applying for a loan can save you time, money, and headache in the long run. Many lending options are available at Speedy Cash and may be extremely helpful in certain situations, but like all good things—careful consideration of all aspects of the lender and the loan you choose to apply for should be always part of the process prior to agreement.

Call Click or Come In

Convenience and customer service are top priorities for our team, and we want our customers to know that they can call anytime with questions or for help when applying for a loan. Customers can click to apply online from the comfort of their homes, and of course customers can always come in and visit with a team member in store. We offer exceptional service whether you choose to call, click or come in.