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Venture Payday Loans
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E Z Cash in Memphis, TN
E-Z Cash operates payday and title loan locations across Tennessee, Mississippi, and Louisiana, offering fast emergency borrowing with same-day funding.
Data compiled from public sources · Rating from CreditDoc methodology
E Z Cash Review
E-Z Cash is a regional emergency lending company with six locations across Tennessee, Mississippi, and Louisiana. The company has been servicing cash and tax needs through a network of physical storefronts, with the primary Memphis-Sycamore View location serving as the main office. Their operational model centers on rapid access to small-dollar loans for consumers facing immediate financial needs.
E-Z Cash offers two primary loan products: payday loans capped at $425 in Tennessee with 14-day terms, and title loans available up to $2,500 with 30-day terms. For payday loans, fees range from $13.24 on a $75 loan to $75.00 on a $425 loan, translating to APRs of approximately 115-260% depending on loan size. Title loans carry a flat 20% fee for 30-day terms. Both products require standard documentation including proof of income, address, bank statements, SSN, ID, and a debit card; title loans additionally require vehicle title and keys.
E-Z Cash distinguishes itself through multi-state branch availability and advertised tax preparation services alongside lending. The company maintains limited Saturday hours (first of each month only, 10am-2pm) and standard weekday availability (9:30am-6pm). They provide multiple contact channels including phone, email, and Facebook, with a fax-based back office operation across all locations, suggesting a traditional brick-and-mortar lending model rather than online-only operations.
E-Z Cash operates in a high-cost emergency lending category with fees and APRs substantially above payday-alternative products. While the company is transparent about fee structures and loan terms on its website, consumers should recognize that payday and title loans are typically designed as short-term emergency solutions. The maximum loan amounts are modest, and the cost of borrowing is significant compared to traditional personal loans or credit union products.
Services & Features
Bank statement and transaction history review
Direct debit payment processing via debit card
In-person loan application at six physical locations
Payday loans up to $425 (Tennessee maximum) with 14-day terms
Proof of income documentation review and verification
Tax preparation services (mentioned on homepage)
Title loans up to $2,500 with 30-day terms and 20% fee
Vehicle title and collateral evaluation for title loans
Feature Checklist
Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection
Pros & Cons
Pros
- Transparent fee schedule clearly displayed for both payday loans ($13.24-$75.00) and title loans (flat 20%)
- Multiple locations across three states (Tennessee, Mississippi, Louisiana) for in-person service
- Fast emergency access with documented same-day funding capability
- No credit check requirement implied by application documents (no credit report listed)
- Flexible loan amounts from $75 to $425 for payday; $100 to $2,500 for title loans
- Title loan collateral option allows borrowers with vehicles to access larger amounts
- Extended operating hours until 6pm on weekdays for working consumers
Cons
- High effective APRs (115-260% on payday loans) substantially exceed credit union PALs and alternatives under 36% APR
- Payday loan maximum of $425 in Tennessee is insufficient for many emergency expenses beyond immediate cash gaps
- Short 14-day payday loan term creates rollover risk and debt cycle potential if income doesn't align with repayment date
- Limited Saturday availability (first of month only, 10am-2pm) restricts weekend access
- Title loans risk vehicle repossession and loss of transportation if unable to repay the 20% fee within 30 days
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 E Z Cash legitimate?
Yes. E Z Cash is a registered company, headquartered in 3830 E Shelby Dr, Memphis, TN 38118.
Quick Facts
- Headquarters
- 3830 E Shelby Dr, Memphis, TN 38118
- BBB Accredited
- No
- Starting Price
- Contact provider
- Setup Fee
- None
- Money-Back Guarantee
- No
CreditDoc Diagnosis
Doctor's Verdict on E Z Cash
E-Z Cash is best for consumers in immediate financial emergencies with vehicle collateral or modest cash needs ($75-$425) who have reliable income for 14-30 day repayment and prefer in-person lending. Primary caveat: payday and title loan APRs (115-260%) are substantially higher than regulated payday alternatives; consumers should exhaust credit union PALs, employer advances, and family loans first.
Best For
- Consumers with vehicle collateral seeking larger emergency loans ($500-$2,500) on 30-day terms
- Workers in rural Mississippi and Louisiana areas with limited access to credit unions or online lenders
- Individuals in immediate cash emergencies who cannot wait for personal loan approval (1-3 day funding need)
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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