Speedy Cash
4219 Main Street
Springfield, OR
(541) 988-3388
speedycash.com
What They Offer
Speedy Cash offers cash advance pay day loans to residents of Oregon and other states. The maximum loan you can receive from this company is $500. Oregon borrowers can apply online, or in person.
While the maximum loan is average compared to most other lending services, borrowers will find the eligibility requirements to be more extensive than most other services. Your monthly income cannot be less than $1000, and have had your present job not less than three months. A borrower must have resided at his current address for not less than three months.
Eligibility requirements also include a direct deposit checking account for not less than three months, no overdue pay day loans from other lending companies, and to be able to FAX required documents to Speedy Cash. You will need to FAX your pay stub, bank statement, driver’s license or photo I.D., phone bill, social security card, voided personal check, and your loan agreement. Your bank and income documents must be current.
If the completed application and required documents are all received before 2:00 p.m. CST, the borrower will receive his money in his bank account the following day. If in person, you can get money immediately.
Where They Are Located
While Speedy Cash has numerous stores in some states, there are currently only a dozen or so stores in Oregon. If you don’t live in a major city there, it may be easier to apply online. You can view all their Oregon stores on their official website.
Rates and Terms
A 14-day, $100. loan will have an annual percentage rate of 651.79%. The finance charge for this loan is $25. If you repay your pay day loan before the scheduled due date, you will not receive a refund of the loan’s interest charges. In contrast, a borrower who takes out a pay day loan for a shorter period of time will have less fees to pay back. As an example, if you take out a $100. loan for only three days, you may only pay $6. in fees.
Repaying pay day loans is accomplished by debiting the borrower’s checking account. One option is to repay the loan in full when it is due. A second option is to repay only the interest, and have an extension for the balance. A third option is to pay the interest and a portion of the balance.
Additional Information
Speedy Cash is a direct lender. While they are not able to guarantee that everyone who submits an application will find an appropriate loan offer, trying to make suitable matches is this company’s role in pay day lending.
If you meet the rather strict eligibility requirements, and are capable of accessing a FAX machine to get your documents to the company, they will try to assist you in obtaining the pay day loan you need. You can start by gathering your information and documents together, and either fill out the online application or give Speedy Cash a call.
