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Is there a lawsuit against Speedy Cash?

At this time, there does not appear to be a lawsuit against Speedy Cash. However, there have been a few complaints of fraud, wrongful collection practices, and deceptive advertising on some customer-facing sites such as Yelp and the Better Business Bureau.

Although these issues have been resolved through customer service, it is important to note that these customer reviews could potentially be construed as defamation or libel if left unchecked. If you feel you have been wronged by Speedy Cash, it’s important to contact them directly to work out a resolution.

Additionally, if you feel that you were a victim of a fraudulent activity, it’s recommended to reach out to a financial or legal advisor to discuss your options.

Can you sue Speedy Cash?

Yes, you can sue Speedy Cash if you believe they have acted unlawfully. This could include claims for negligence, breach of contract, breach of fiduciary duty, violation of the Consumer Financial Protection Act, the Truth in Lending Act, or unfair and deceptive acts or practices (UDAP).

Before suing, it is important to attempt to resolve the dispute with Speedy Cash first. As with any lawsuit, suing Speedy Cash carries the risk of having to pay Speedy Cash’s legal costs if you do not win the case.

Therefore, it is important to consider the likelihood of success and costs of litigation before proceeding with a lawsuit against Speedy Cash.

Can Speedy Cash be trusted?

Yes, Speedy Cash can be trusted. Speedy Cash is a trusted, reputable, and well-established brand that has been providing fast and convenient money solutions to its customers for more than 20 years. With a focus on a commitment to customer service, they have built a strong reputation when it comes to offering reliable services.

The company is licensed and regulated by state and federal regulators, ensuring that customers have access to a secure and trusted platform when borrowing money. In addition, they employ the latest security measures to ensure the safety of your personal information, so you know your information is protected when completing a loan application.

The company also operates an A+ rating with the Better Business Bureau, so you can be sure they are a reliable and trustworthy company.

Can online payday lenders sue you?

Yes, online payday lenders can sue you if you do not repay the loan. If a borrower does not pay back their loan on the agreed upon date, the lender may take legal action in order to collect the money owed.

This may involve filing a lawsuit against the borrower, which can involve legal fees and court costs. In addition, the lender may also pursue other legal action such as placing a lien on the borrower’s assets.

The lender can also report delinquent payments to the borrower’s credit report, which could result in a drop in their credit score and make it difficult to obtain future loans. If a borrower is sued by an online payday lender, it is important to seek legal advice to understand their rights and obligations.

What collection agency does Speedy Cash use?

Speedy Cash is proud to partner with a variety of creditors to collect customer debt. These include Encore Receivables Management, CRS, FR Solutions, LMG Credit Services, ESA, United Credit Recovery, and Unified Recovery Group, LLC.

Each of these companies share Speedy Cash’s commitment to uphold customer service standards in all their collections efforts. For customer assistance, each agency has a customer assistance toll free number or an online contact form.

Speedy Cash is committed to working with its customers to ensure the best payment plan and overall financial experience. It is important to note that when working with any of the above creditors, customers should remain aware of their rights.

Each of the creditors is required to abide by the Fair Debt Collection Practices Act (FDCPA) when dealing with customers for collection of unpaid debts. This includes no harassing calls, no false statements, and no use of deceptive practices.

The FDCPA also sets a maximum amount of interest and fees that can be legally charged.

To make sure a customer is in compliance with their payment schedule and loan terms, Speedy Cash recommends setting up automatic payments. All of the creditors listed above offer this payment option.

Customers can also contact their creditor to discuss their individual situation if they are having difficulty making their timely payments. If customers are having difficulty making payments and need assistance, they should contact their creditor directly.

Does Speedy Cash approve everyone?

No, Speedy Cash does not approve everyone. All loan requests are subject to a series of assessments, including but not limited to an affordability assessment, to determine whether a loan deal can be approved.

A credit check may also be performed to ensure the borrower not only meets the criteria to be approved for a loan, but also as part of our commitment to responsible lending practices. Therefore, loan approval is not guaranteed and may vary based on an individual’s credit history.

How does Speedy Cash verify income?

Speedy Cash verifies income in a variety of ways depending on which service the customer needs. For payday loans, customers can provide bank statement, pay stubs, benefits correspondence, or other documentation that supports their current income.

For installment loans, customers are generally required to provide proof of income via bank statements. In addition, customers must be able to provide proof of Social Security Number, valid government issued photo ID, and proof of residence.

Speedy Cash also requests a customer’s current pay frequency and income type (i. e. hourly, salary, commission, or other) as part of the loan application process. For customers who are self-employed or have unusual income sources, additional documentation may be required.

In some instances, Speedy Cash may also require customers to have direct deposit with their employers prior to approving a loan. This helps us verify that an ongoing income stream is available and can support loan repayment.

Whether applying online or in-store, customers should be prepared to provide accurate records of their income when applying for any loan with Speedy Cash.

Can you be denied a payday loan?

Yes, you can be denied a payday loan. Just like any other loan, you must meet certain criteria to be approved for a payday loan. Generally, lenders look at your current financial situation and credit score to decide if you are eligible.

If you have poor credit or are experiencing financial hardship, lenders may be less likely to approve you for a loan. There also could be a limit to the amount of money you can borrow. Additionally, lenders may be more inclined to deny a payday loan if you have too many recent loan inquiries.

Finally, some payday lenders may decline your application if you do not have a steady source of income.

What do I do if I need cash immediately?

If you need cash immediately, there are several options available. First, you can look into a short-term loan or cash advance. However, these options typically come with higher interest rates. Additionally, if you have access to a credit card, you can use it to take out a cash advance, although be sure to pay it back quickly to avoid the expensive interest rates.

Another option is to visit a pawn shop. If you have any items of value such as jewelry, electronics, or collectibles, you can take them to a pawn shop to receive a loan. This could be an option for someone who does not have access to a credit card or loan.

If you have friends or family who could lend you money, this could be an option as well. You could also look into fundraising platforms that allow individuals to create campaigns for cash donations.

Finally, you could look into online platforms that match borrowers with lenders. These online lenders typically require you to fill out an application and provide proof of identity, income, and certain financials.

This could be an option if you are looking for a loan with more reasonable terms.

How long does Speedy Cash take to deposit?

The amount of time that Speedy Cash takes to process and deposit your funds depends on the banking method you choose. Typically, direct deposits take 1-3 business days, although sometimes this can take longer depending on the banking institution.

Bank transfers can also take 1-3 business days but can vary from bank to bank as well. Other deposit options such as eCheck, check pickup/deposit, cash pickup/deposit and money orders can take 4-7 business days.

It is always best to contact your banking institution to confirm the time that it will take for your deposit to process and be available in your bank account so you can ensure you have access to the funds as soon as possible.

Why would Speedy Cash call me?

Speedy Cash may call you for any number of reasons including, but not limited to, following up on an application you recently submitted, confirming information you provided, updating you on the status of your loan, inquiring about a repayment, or notifying you of a promotional offer.

Additionally, Speedy Cash may call you to check in and ensure you are pleased with the services you have received. Speedy Cash may also contact you to verify your identity for security purposes.

If you are unsure why Speedy Cash is attempting to contact you, simply ask them when they call. They should provide you with more information about the specific purpose of the call.

What happens if you don’t pay Speedy Cash?

If you don’t pay Speedy Cash on time, you may incur late fees and additional charges. Your loan may also be sent to collections, and this could negatively affect your credit score. Depending on the state you live in, your lender may also pursue civil action by obtaining a court judgement against you.

This could lead to wage garnishment, depending on the outcome of the judgement. Moreover, Speedy Cash may take legal action to collect outstanding debts.

Why would a bank call my work?

A bank may call your work for a variety of reasons. Firstly, they may contact you if they notice suspicious activity on your account and need additional information to verify the transaction. They may also reach out to your work in order to make sure they have the most up-to-date information on your employment status.

This is important to ensure your loan qualifications and interest rates are accurate. Additionally, the bank may be attempting to verify your income status if you are applying for a loan or credit line.

Finally, in some cases, your employer may be contacted if you establish an account as part of your benefits package with the bank. This might include assistance with setting up direct deposit, retirement plans, or other financial services.

In any case, the bank should give you an explanation for contacting your work whenever they make the call.

Can payday loans call your work?

Payday loans generally cannot call your work to collect a payment. Lenders are legally obligated to respect your privacy and cannot use aggressive tactics like calling your employer. The only exception would be if a lender was attempting to garnish wages to recover a loan you had previously taken out with them.

Garnishment is a legal process where a court orders your employer to withhold part of your wages to pay off a debt you owe. Some states do not allow garnishment without a judgment or court order, but there are states that will allow garnishment (without court order) if 25% of your wages are not exempt from garnishment.