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Venture Payday Loans
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E Z Cash in Memphis, TN
E-Z Cash offers payday loans (up to $425) and title loans (up to $2,500) with fast funding at physical locations across Tennessee, Mississippi, and Louisiana.
Data compiled from public sources · Rating from CreditDoc methodology
E Z Cash Review
E-Z Cash is a multi-state emergency lending company operating physical storefronts in Tennessee, Mississippi, and Louisiana. The company has been servicing cash needs through brick-and-mortar locations, with their primary Memphis operation on Sycamore View and additional branches in Winchester (TN), Southaven, Olive Branch, and Byhalia (MS), and Boutte and Shreveport (LA). The company positions itself as addressing immediate cash needs alongside tax services.
E-Z Cash primarily offers two loan products: payday loans and title loans. Payday loans in Tennessee max out at $425 (state regulatory cap) with a 14-day term structure. Fees are based on a fixed schedule—for example, a $100 loan costs $17.65 in fees for $117.65 total repayment, equating to approximately 635% APR. Title loans allow borrowing from $100 to $2,500 with a flat 20% fee on 30-day terms. Both products require standard documentation: proof of income, address, SSN, picture ID, bank statements, and a debit card. Title loans additionally require vehicle title and key.
E-Z Cash distinguishes itself through established multi-state operations and transparent fee disclosure on their website. Their Saturday hours (first Saturday of each month, 10am–2pm) accommodate some working customers. The company has maintained a consistent brand across six locations and provides multiple contact channels (phone, email, Facebook). However, they operate at the higher end of the legal rate spectrum within state-allowed limits, and their physical-location-only model lacks online application or funding convenience.
This is a straightforward emergency lender serving customers who need immediate cash and either own a vehicle (for title loans) or meet payday loan income requirements. The rates are legally permissible but expensive—best used for genuine emergencies, not regular borrowing. Applicants should understand they are borrowing at maximum-allowable state rates and should exhaust alternatives before applying.
Services & Features
14-day payday loan terms with published fee schedule
30-day title loan terms at flat 20% fee
Direct deposit repayment via debit card
In-person application processing at 6 physical locations
Multi-state lending across TN, MS, LA
Payday loans up to $425 (Tennessee maximum)
Phone and email customer support
Same-day or next-day funding (implied by emergency-cash model)
Tax preparation services (mentioned in tagline)
Title loans from $100 to $2,500
Feature Checklist
Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection
Pros & Cons
Pros
- Transparent fee schedule publicly posted on website for both payday and title loans
- Multi-state presence (Tennessee, Mississippi, Louisiana) with 6 physical locations for accessibility
- Extended hours on first Saturday of month (10am–2pm) for working customers
- Title loans available up to $2,500, higher than typical payday loan amounts
- Clear documentation requirements listed upfront before application
- Dual services (tax prep mentioned) may create convenience for some customers
- Same-day or rapid funding typical for emergency cash products
Cons
- Payday loan APR approximately 635% on 14-day terms ($17.65 fee on $100), among the highest legal rates
- Title loans charge flat 20% fee, which compounds to 240% APR annually if rolled over
- Physical location only—no online application, approval, or funding; requires in-person visit
- Limited Saturday hours (first of month only) restrict access for some consumers
- High debt trap risk due to short 14-day repayment cycle and rollover structure
Rating Breakdown
Value 5.0
Effectiveness 3.0
Customer Service 3.7
Transparency 3.5
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 1208 Winchester Rd, Memphis, TN 38116.
Quick Facts
- Headquarters
- 1208 Winchester Rd, Memphis, TN 38116
- 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 appropriate only for consumers in genuine short-term cash emergencies who exhaust all other options and can repay within 14 days; the 635% payday APR and 240% annualized title rate make this expensive debt. Critical caveat: these loans are extremely high-cost and designed for one-time use, not a borrowing solution, and rollover risk is significant.
Best For
- Workers facing genuine one-time emergencies with no other credit access who can repay in 14 days
- Vehicle owners needing $500–$2,500 quickly with title loan as collateral alternative
- Consumers in rural MS/LA with no access to traditional bank credit lines
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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