Speedy Cash offers payday loans up to $425, lines of credit up to $4,000, and title loans up to $4,000 with same-day in-store service at Memphis locations.
Editorially reviewed by Harvey Brooks
Speedy Cash is a short-term lending storefront operator with multiple locations across Memphis, Tennessee, including the Summer Avenue branch at 5126 Summer Ave. The company has positioned itself as a neighborhood alternative to traditional banking for customers needing rapid access to emergency funds. Founded on the "Tomorrow can be payday®" brand promise, they operate extended retail hours (9am-7pm most weekdays) to accommodate working customers.
The company offers three primary loan products: Payday Loans up to $425 with repayment due on the next paycheck, Lines of Credit up to $4,000 with flexible draw options and extended repayment terms, and Title Loans up to $4,000 secured by vehicle collateral. All products can be initiated online or completed in-store with immediate funding for qualified applicants. Beyond lending, Speedy Cash provides ancillary money services including check cashing, money orders, wire transfers, and Green Dot Visa debit card services.
Speedy Cash distinguishes itself through rapid approval and funding timelines, in-store assistance throughout the application process, transparent fee disclosure before signing, and vehicle appraisal services for title loans conducted on-site. The company maintains a dedicated customer service line (1-888-333-1360) and operates Spanish-language support (1-855-734-0111). Their application requirements are straightforward, requiring only valid ID, proof of income, contact information, and proof of address for most products.
However, customers should recognize this is a high-cost lending option designed for short-term emergencies. The company does not disclose APR or fee structures on their website, which is typical for payday lenders but means actual borrowing costs are not transparent before in-store consultation. Title loans require clear title in certain states and vehicle insurance. This product category exists outside traditional credit systems and should be approached as a last-resort emergency option, not a primary financial tool.
See which lenders actually approve borrowers with bad credit. We compared APRs, fees, minimum scores, and funding speed.
Yes. Speedy Cash is a registered company headquartered in 5819 W Camelback Rd, Phoenix, AZ 85031. They hold a NR rating with the Better Business Bureau.
CreditDoc Diagnosis
Speedy Cash is best for employed individuals with immediate cash needs under $425 or vehicle owners needing $1,000-$4,000 who can visit a store and complete same-day underwriting. The critical caveat is that this is high-cost emergency lending; APR structures are not disclosed online, and the product is designed for short-term use, not sustained borrowing. Customers should exhaust lower-cost alternatives (employer advances, credit union PALs, family loans) before using this service.
TitleMax offers car and motorcycle title loans using your vehicle as collateral, with 30-minute approvals, no credit check, and 1,000+ store locations across 16 states.
Best for: Consumers with poor or no credit history who own a paid-off car or motorcycle outright, Individuals needing same-day cash who have been declined by banks, credit unions, or online lenders
Trade association for Arizona private money lenders offering real estate-secured loans. Connects borrowers with member lenders through a centralized loan request platform.
Best for: Commercial real estate investors and developers seeking fast, non-traditional financing secured by property collateral, Borrowers unable to qualify for traditional bank mortgages who need multiple private lender quotes simultaneously
Arizona-based mortgage broker operating since 1998, offering conventional, FHA, VA, jumbo, and reverse mortgages throughout Arizona with licensed loan officers.
Best for: Arizona homebuyers and refinancers seeking personalized service over automated processes, Military borrowers and first-time homebuyers eligible for government-backed loan programs
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Read guide →New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.
The total yearly cost of borrowing money, including the interest rate plus any fees the lender charges. Think of it as the 'true price tag' on a loan.
Lenders must show APR by law (Truth in Lending Act) because the interest rate alone can hide fees. Comparing APR across lenders is the most reliable way to find the cheapest loan.
Example
You borrow $10,000 at 6% interest for 3 years, but there's a $300 origination fee. The interest rate is 6%, but the APR is 6.9% because it includes that fee. You'd pay $304/month and $946 total in interest.
Interest calculated on both the original amount borrowed AND the interest that's already been added. It's 'interest on interest' — and it makes debt grow faster than you'd expect.
Credit cards and many loans use compound interest. If you only make minimum payments, compound interest is why a $3,000 balance can take 15 years to pay off.
Example
You owe $1,000 at 20% annual interest compounded monthly. After month 1 you owe $1,016.67. Month 2, interest is charged on $1,016.67 (not $1,000), so you owe $1,033.61. After 1 year without payments: $1,219.
A special APR calculation used for military servicemembers that includes ALL costs — fees, insurance, and add-ons — capped at 36% by federal law.
The Military Lending Act protects active-duty servicemembers and their families from predatory lending. Any lender charging above 36% MAPR to military is breaking federal law.
Example
A payday lender charges a $15 fee per $100 borrowed for 2 weeks. For civilians, that's technically legal in some states. For military: that works out to 391% MAPR — illegal under the MLA.
The maximum interest rate a lender can legally charge in a particular state. Charging above this rate is called 'usury' and is illegal.
Usury laws are your main legal protection against predatory interest rates. But beware: some states have weak or no usury caps, and federal banks can sometimes override state limits.
Example
New York caps interest at 16% for most consumer loans (25% is criminal usury). If a lender tries to charge you 30% in NY, that loan is unenforceable — you could fight it in court.
An asset you pledge to the lender as security for a loan. If you stop paying, the lender can seize and sell that asset to recover their money.
Secured loans (with collateral) have lower interest rates because the lender has less risk. But you could lose your home, car, or savings if you default.
Example
A mortgage uses your house as collateral. A car loan uses your vehicle. A title loan uses your car title. If you miss payments, the lender can foreclose or repossess.
A charge added to your account when you miss a payment deadline. Most credit cards charge $29-$41 per late payment, and many loans have similar penalties.
The fee itself hurts, but the real damage is to your credit score. A payment 30+ days late stays on your credit report for 7 years and can drop your score 60-110 points.
Example
Your credit card payment of $150 is due March 1. You pay on March 18. The bank charges a $39 late fee. If it's 30+ days late, it gets reported to credit bureaus and your 760 score drops to 670.
A fee your bank charges when a payment bounces because there isn't enough money in your account. Also called a 'bounced check fee' or 'returned payment fee.'
NSF fees hit you twice — your bank charges you AND the company you were trying to pay may charge their own returned payment fee. That's $50-70 for one missed payment.
Example
Your auto-pay tries to pull $350 for rent, but you only have $280 in checking. Your bank charges $35 NSF fee. Your landlord charges $25 returned payment fee. Total damage: $60 in fees.
The practice of charging interest rates higher than what the law allows. Usury laws set state-specific caps on how much lenders can charge.
If a lender charges usurious rates, the loan may be void, penalties can be reduced, or you may be entitled to damages. Know your state's limits.
Example
Your state caps consumer loans at 24% APR. An online lender charges you 36%. That loan may be unenforceable, and you might only need to repay the principal — no interest or fees.
Using your credit card to get cash from an ATM or bank. It's one of the most expensive ways to borrow — higher interest rate, immediate interest accrual (no grace period), and an upfront fee.
Cash advances are a debt trap: 25-30% APR with no grace period plus a 3-5% fee. Interest starts the second you withdraw, not at the end of the billing cycle.
Example
You take a $500 cash advance. Fee: $25 (5%). Interest: 28% APR starting immediately. After 30 days, you owe $536.67. After 6 months of minimum payments, you've paid $85 in interest on $500.
Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.
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