Why Speedy Cash?

Speedy Cash:

In today’s uncertain financial environment, it is becoming  an increasing need to be careful with the way we are managing our finances and our dependence on the banking system needs to be all the more accurate when it comes to choosing our repayment options. Banks and other financial institutions no longer have the same credibility as they did before, as we are passing through a phase of economic unpredictability.

Lenders are becoming more careful with the customers they are lending to and borrowers are becoming wearier of the banks they are associating themselves with. In these troubled times, it has become all the more imperative for lenders/banks to build confidence in the way customers are being dealt with.

Importance of Short Term Loans:

Short term loans are catering to a whole new segment of people, bringing the opportunity of banking to the common man. There are many of us who don’t feel the need for long term loans and need that extra cash to get us through the month. That is where short term loans come in. Short terms are essentially lending services provided to a customer with a stable source of income which need to be given back within a shorter duration of time, usually within 6 months to a year. Everyone cannot afford a loan and everyone doesn’t feel the need to buy a loan, but sometimes, an unprecedented expense can cause us a concern and there needs to be way we can borrow to take care of that expense. That is the importance of short term loans or pay day loans in a nutshell.

Why Speedy Cash?

Speedy cash has been considered a leader in this segment within Canada and has been in operation since 1998. Their team includes a dynamic group of people who are up-to-date with the developments in the financial need and choose to pass off that information to their customers, thus ensuring brand loyalty. They have known to maintain a relationship with their customers, even if they have been one time customers and have taken their association to a much more meaningful level by serving as a guide rather than just a lender.

The Application Process:

They respect your value for time and have made the process in such a way which really indicates their commitment to the cause. They understand your need for immediate cash and have designed the entire application process so that it could be approved without any wastage of time. The application process is as follows:

There are 4 simple steps which will enable you to avail of the cash as soon as possible:

Step 1- There is a simple online application form which requires you to fill up simple information like your address, phone number, and the amount of money you make, your account information and what your pay dates are.

Step II- The next obvious step is to select the loan amount you would like to borrow. We do a thorough analysis of your affordability so that we can advise you on the amount you should borrow, keeping in mind the fact that you will have to re-pay the loan amount and fees as early as your next pay day.

Step III- The entire process is online and the loan documents are required to be initialed by you once you have selected the amount of loan you would like to borrow and with the necessary approval.

Step IV- The fourth and the final step is the immediate cash transfer of your loan directly into your bank account.

What are the different ways I can get the cash?

I know this could be a question that one may have considering the simplicity of the process. There are 3 main ways by which you can avail of your cash, although a direct online transfer has been known to be one of the most popular methods.

1)    Instant Funding with Opt+: If you have an Opt+ Visa prepaid Debi card, Speedy Cash ensures you can get the money loaded onto your card.

2)    Cash at Store Pickup: Speedy Cash has a number of cash stores available around Canada, and once your loan has been approved, you can visit any of the stores and your amount will be ready for you.

3)    Direct Online Transfer: This is one of the simplest methods of transferring cash and involves you sharing your account details with Speedy cash and the amount will be credited into your account within 24 hours.

Why is the APR so high?

This is a common question we have been asked and Speedy Cash gives you a valid explanation. The fees that we, as customers, are calculating are an annual rate charge. So as an example, 15$ for every 100$ amounts to almost 400%. Having said that, we encourage our customers to repay the loans within the period mentioned, to avoid any kind of extra charge. That is why we have a thorough check on the affordability of the customer applying for the loan and guide them through the entire process, to ensure no such case arises.

Unexpected Cancelling of Loans:

This is a phenomenon that is quite common in today’s world. In order to maintain their relationship with customers, Speedy cash offers a full 24 hour grace period in case you change your mind about the loan. This comes as quite a bonus, as financial situations can turn around in a matter of minutes, let alone hours.

Overall View:

Speedy Cash has been a pioneer of sorts in the country of Canada, when it comes to short pay day loans. Their services have known to be extremely competitive and their dynamic team makes up the rest. More importantly, they become a part of your trouble and ensure that they find ways to build your association with Speedy Cash in such a manner that you automatically become more responsible in your financial planning. Their products are also aimed towards that direction and tend to be a lot more customer friendly than any of its rivals. All in all, a lender you can rely on.