What does SPEEDY CASH mean on my credit report?
Learn about SPEEDY CASH, an creditor offering loans for financial assistance. Check the impact to your credit report and financial status.
What is SPEEDY CASH?
SPEEDY CASH is shorthand for Speedy Cash, with the company name being Speedy Cash Inc
SPEEDY CASH is a Creditor provider. They could be on your report for a number of reasons, for example:
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⚫ You missed a repayment.
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⚫ You opened an account with Speedy Cash.
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⚫ You opened a credit card / loan / mortgage with this company.
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⚫ Someone fraudulently opened a credit line under your name.
About the account
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⚫ The average account balance is $200.
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⚫ The average high credit balance is $1400.
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⚫ The typical loan duration is 16 months.
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⚫ The average monthly repayment is $100.
The account is classified under the following METRO2 categories:
- ⚫ Unsecured
- ⚫ Collection Agency/Attorney
How do I contact them?
Here is the current contact details for Speedy Cash:
Website:
Payments
you can make a payment online, via the mobile app, or by calling 1-877-697-4429. Speedy Cash offers payment plans depending on a Customer’s circumstance. You can make changes to your due date through your online account or the mobile app. Additionally, you can call 1-877-697-4429 to discuss payment options. Checks or money orders can be used as payment. The Speedy Cash stores accept prepaid debit cards as a form of payment. Wire transfers are also a payment method.
| Question | Answer |
|---|---|
| Do they offer a monthly payment plan? | Yes |
| Can I make payments over the phone? | Yes |
| Can I make payments online? | Yes |
| Do they offer a discount for automatic payments? | No |
| Can I make a payment using a mobile app? | Yes |
| Can I make a payment using a prepaid debit card? | Yes |
| Can I make a payment using a wire transfer? | Yes |
Forgiveness and Cancellation
loan forgiveness is not offered by the company. However, customers impacted by the Coronavirus can receive relief by visiting an open Speedy Cash store, signing in to their online account, or calling 1-877-697-4429.
| Question | Answer |
|---|---|
| Do they offer loan forgiveness? | No |
| Do they offer loan consolidation? | No |
How to Apply
Speedy Cash offers loan applications and account management online, over the phone, and in person. Due to COVID-19, store hours may be adjusted or temporarily closed, and certain precautions, such as social distancing and hand sanitizers, are being taken in stores. Customers can also manage their loan online or through the mobile app, or call 1-877-697-4429 to change due dates.
| Question | Answer |
|---|---|
| Can I apply for a loan online? | Yes |
| Can I apply for a loan over a phone call? | No |
| Can I apply for a loan in person? | Yes |
| Can I apply for a loan using a mobile app? | Yes |
| Can I apply for a loan with a cosigner? | Yes |
IdentityIQ Report Example
- This is an example of what this creditor will look like on your IdentityIQ report.
Will this affect my credit score?
Whether this account affects your credit score depends on a variety of factors, such as:
- Account Open Date: If you opened this account recently it will impact your credit, the only way to prevent this from impacting your credit score is to remove the account from your report.
- Derogatory Markings: If this account has any derogatory markings such as:
Lates, Charge Offs, Collections and others.
However, there are could be some potential positive aspects to this account which could lead to improving your credit score, such as:
- Account Age: If your account is quite old, then the age of it will positively impact your credit score
- Repayment History: If the account has no
Late Payments, Charge off Payments, then it may reflect a positive impact onto your credit score.
Can it be removed from my credit report?
Yes, with the right strategy, you will be able to remove any account from your report. But you have to be careful to ensure that the account is negative to begin with, or it will negatively impact your credit score.
However, removing a negative account will positively impact your credit score, allowing you to open new credit lines and potentially removing bad debt.
How do I remove SPEEDY CASH from my credit report?
You can send a dispute letter to the credit bureaus to remove this account from your report. You must send a dispute letter to all three credit bureaus, as they are legally required to remove the account from your report if it is found to be inaccurate. For best results you should send a dispute letter to the credit bureaus via certified mail, this will ensure that you have a legal record of the communication.
