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Cash Giant of Southfield in Detroit, MI
Cash Giant of Southfield offers payday loans and emergency cash advances up to $2,500 with same-day or next-day funding through a simple online application.
Data compiled from public sources · Rating from CreditDoc methodology
Cash Giant of Southfield Review
Cash Giant of Southfield is a loan agency operating in Detroit, Michigan, specializing in short-term emergency cash solutions. Based at 21900 W Seven Mile Rd in Detroit (48219), the company has been providing quick-access lending to consumers who need immediate funds. The company operates under the online domain fastloans.club and maintains a physical storefront with extended hours to serve walk-in customers seeking fast cash.
The company offers payday loans and emergency cash advances ranging from $100 to $2,500. They advertise a simple online form process designed to provide fast access to funds, positioning themselves as a convenient alternative for consumers facing unexpected expenses or cash shortfalls. The application process emphasizes speed and ease, with the company claiming to protect customer personal information during the application.
Cash Giant distinguishes itself through extended business hours (open until 8PM on Friday, 7PM weekdays, and 8AM-5PM Saturday), suggesting they cater to working individuals with limited availability. They provide both online and in-person lending options, giving customers flexibility in how they apply. The company maintains active customer support through email (support@mbvt.com) and phone contact, claiming 24/7 accessibility for customer questions.
As an emergency cash lender, Cash Giant serves the high-cost, short-term lending market. Consumers should note that payday loans typically carry high APRs (often 400%+ annualized) and short repayment periods, making them expensive relative to traditional credit. The website lacks transparency on specific APRs, fees, repayment terms, or state regulatory disclosures, which is a significant limitation. This product category is best suited only for genuine emergencies where no other credit options exist, not for regular borrowing or financial management.
Services & Features
Customer support via email
Customer support via phone
Emergency cash advances
Fast funding (same-day/next-day claimed)
Flexible loan amounts from $100-$2,500
In-person loan processing
Loans up to $2,500
Online loan applications
Payday loans
Weekend availability for loan applications
Feature Checklist
Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection
Pros & Cons
Pros
- Extended business hours including Saturday and evening weekday availability (until 7-8PM)
- Online application process advertised as simple and fast
- Wide loan range from $100 to $2,500 accommodating various emergency amounts
- Both online and physical storefront lending options available
- Claims 24/7 customer support accessibility via email and phone
- Same-day or next-day funding claimed for emergency cash needs
- Physical location in Detroit provides in-person service option
Cons
- No APR, interest rates, or fee information disclosed on website—critical transparency issue
- No mention of repayment terms, loan duration, or payment schedule details
- Payday loans carry extremely high costs (typically 400%+ APR annualized)—expensive debt trap for most borrowers
- Website lacks state regulatory disclosures or compliance information required for Michigan lenders
- No customer reviews, ratings, or company history provided to assess legitimacy or customer experience
Rating Breakdown
Value 2.0
Effectiveness 1.5
Customer Service 2.2
Transparency 2.0
Ease of Use 3.9
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Frequently Asked Questions
Is Cash Giant of Southfield legitimate?
Yes. Cash Giant of Southfield is a registered company, headquartered in 21900 W Seven Mile Rd, Detroit, MI 48219.
Quick Facts
- Headquarters
- 21900 W Seven Mile Rd, Detroit, MI 48219
- BBB Accredited
- No
- Starting Price
- Contact provider
- Setup Fee
- None
- Money-Back Guarantee
- No
CreditDoc Diagnosis
Doctor's Verdict on Cash Giant of Southfield
Cash Giant of Southfield is a payday lender suitable ONLY for genuine short-term emergencies where borrowers have immediate income to repay within weeks. The critical caveat is complete lack of disclosed pricing, terms, and regulatory information—borrowers must contact the company directly to understand the true cost before applying, as payday loans typically cost $15-20 per $100 borrowed (annualizing to 400%+ APR). This should never be used for regular bills or recurring needs.
Best For
- Consumers facing genuine short-term cash emergencies with no access to credit cards or bank loans
- Workers with immediate unexpected expenses (medical, auto repair, utilities) and stable income to repay quickly
- Individuals without established credit who cannot qualify for traditional emergency loans
Updated 2026-04-29
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Read guide →Financial Terms Explained (10 terms)
New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.
Interest & Rates
APR — Annual Percentage Rate
The total yearly cost of borrowing money, including the interest rate plus any fees the lender charges. Think of it as the 'true price tag' on a loan.
Why it matters
Lenders must show APR by law (Truth in Lending Act) because the interest rate alone can hide fees. Comparing APR across lenders is the most reliable way to find the cheapest loan.
Example
You borrow $10,000 at 6% interest for 3 years, but there's a $300 origination fee. The interest rate is 6%, but the APR is 6.9% because it includes that fee. You'd pay $304/month and $946 total in interest.
Compound Interest
Interest calculated on both the original amount borrowed AND the interest that's already been added. It's 'interest on interest' — and it makes debt grow faster than you'd expect.
Why it matters
Credit cards and many loans use compound interest. If you only make minimum payments, compound interest is why a $3,000 balance can take 15 years to pay off.
Example
You owe $1,000 at 20% annual interest compounded monthly. After month 1 you owe $1,016.67. Month 2, interest is charged on $1,016.67 (not $1,000), so you owe $1,033.61. After 1 year without payments: $1,219.
MAPR — Military Annual Percentage Rate
A special APR calculation used for military servicemembers that includes ALL costs — fees, insurance, and add-ons — capped at 36% by federal law.
Why it matters
The Military Lending Act protects active-duty servicemembers and their families from predatory lending. Any lender charging above 36% MAPR to military is breaking federal law.
Example
A payday lender charges a $15 fee per $100 borrowed for 2 weeks. For civilians, that's technically legal in some states. For military: that works out to 391% MAPR — illegal under the MLA.
Usury Rate — Usury Rate (Interest Rate Cap)
The maximum interest rate a lender can legally charge in a particular state. Charging above this rate is called 'usury' and is illegal.
Why it matters
Usury laws are your main legal protection against predatory interest rates. But beware: some states have weak or no usury caps, and federal banks can sometimes override state limits.
Example
New York caps interest at 16% for most consumer loans (25% is criminal usury). If a lender tries to charge you 30% in NY, that loan is unenforceable — you could fight it in court.
How Loans Work
Collateral — Loan Collateral
An asset you pledge to the lender as security for a loan. If you stop paying, the lender can seize and sell that asset to recover their money.
Why it matters
Secured loans (with collateral) have lower interest rates because the lender has less risk. But you could lose your home, car, or savings if you default.
Example
A mortgage uses your house as collateral. A car loan uses your vehicle. A title loan uses your car title. If you miss payments, the lender can foreclose or repossess.
Fees & Costs
Late Fee — Late Payment Fee
A charge added to your account when you miss a payment deadline. Most credit cards charge $29-$41 per late payment, and many loans have similar penalties.
Why it matters
The fee itself hurts, but the real damage is to your credit score. A payment 30+ days late stays on your credit report for 7 years and can drop your score 60-110 points.
Example
Your credit card payment of $150 is due March 1. You pay on March 18. The bank charges a $39 late fee. If it's 30+ days late, it gets reported to credit bureaus and your 760 score drops to 670.
NSF Fee — Non-Sufficient Funds Fee
A fee your bank charges when a payment bounces because there isn't enough money in your account. Also called a 'bounced check fee' or 'returned payment fee.'
Why it matters
NSF fees hit you twice — your bank charges you AND the company you were trying to pay may charge their own returned payment fee. That's $50-70 for one missed payment.
Example
Your auto-pay tries to pull $350 for rent, but you only have $280 in checking. Your bank charges $35 NSF fee. Your landlord charges $25 returned payment fee. Total damage: $60 in fees.
Legal Terms
Usury — Usury (Illegal Interest)
The practice of charging interest rates higher than what the law allows. Usury laws set state-specific caps on how much lenders can charge.
Why it matters
If a lender charges usurious rates, the loan may be void, penalties can be reduced, or you may be entitled to damages. Know your state's limits.
Example
Your state caps consumer loans at 24% APR. An online lender charges you 36%. That loan may be unenforceable, and you might only need to repay the principal — no interest or fees.
Credit Cards
Cash Advance — Credit Card Cash Advance
Using your credit card to get cash from an ATM or bank. It's one of the most expensive ways to borrow — higher interest rate, immediate interest accrual (no grace period), and an upfront fee.
Why it matters
Cash advances are a debt trap: 25-30% APR with no grace period plus a 3-5% fee. Interest starts the second you withdraw, not at the end of the billing cycle.
Example
You take a $500 cash advance. Fee: $25 (5%). Interest: 28% APR starting immediately. After 30 days, you owe $536.67. After 6 months of minimum payments, you've paid $85 in interest on $500.
Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.
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