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

Speedy Cash offers payday loans, which are short-term borrowing options geared toward individuals who need immediate cash to cover unexpected expenses or bridge a financial gap until their next payday. These loans work by allowing borrowers to request a small amount of money, usually between $100 and $500, which must be repaid typically within two weeks to a month – coinciding with the borrower's next paycheck. To obtain a loan from Speedy Cash, one generally goes through an application process that includes income verification and a credit check. Once approved, the funds are provided either through direct deposit into the borrower’s bank account or by a check. The borrower agrees to pay back the loan amount plus fees and interest by the due date, which often requires providing a post-dated check or allowing an automatic withdrawal from their bank account.