What are Speedy Cash installment loans and how do they work?

Speedy Cash installment loans are financial products offered by Speedy Cash, which is a direct lender that provides various types of short-term loans. These installment loans are designed to help individuals who need access to funds quickly and prefer to pay back their loan over a set period of time through regular payments, known as installments. The way they work is relatively straightforward: borrowers apply for a loan and, upon approval, receive a lump sum of money. The borrower then repays this amount, along with interest and any applicable fees, over an agreed-upon schedule with fixed payment amounts. The terms of repayment, which include the number of installments and the duration of the loan, can vary based on factors such as the loan amount, the borrower's income, credit history, and state regulations where Speedy Cash operates.