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Quick Cash in Detroit, MI
People Driven Credit Union's PD Quick Cash offers $500-$2,000 short-term loans with no credit check, 19.99% base APR (up to 34.298%), and same-day funding for members with 6+ months direct deposit history.
Data compiled from public sources · Rating from CreditDoc methodology
Quick Cash Review
People Driven Credit Union (PDCU) is a credit union offering PD Quick Cash, a short-term personal loan product designed as an alternative to traditional payday loans. The program launched with a focus on serving members who need rapid access to small amounts of cash without traditional credit evaluation. PD Quick Cash operates exclusively through People Driven Credit Union's membership base, requiring 6+ months of established direct deposit and membership in good standing.
PD Quick Cash provides loan amounts ranging from $500 to $2,000 with repayment terms of 12-24 months depending on the loan size. The product features a $35 loan origination fee (deducted from proceeds) and a stated 19.99% base interest rate with a maximum APR of 34.298%, with actual APR varying between 21.83% and 34.298% based on loan amount and term. The application process is entirely online/mobile, with approval decisions and fund deposits claimed to occur within 60 seconds. Members can hold up to two simultaneous PD Quick Cash loans but must wait 30 days between applications, with a limit of three total loans in any rolling six-month period.
PD Quick Cash distinguishes itself through its credit union structure, no-credit-check approval process, and inclusion of TruStage Payment Guard Insurance at no additional cost, which provides $500 toward the loan balance if the borrower experiences covered job loss. The product also offers seasonal specialty loans (Tax Relief, Valentine's, Holiday, Back-to-School, Summertime, and Graduation loans) with rates lower than the original product. Unlike payday lenders, PDCU positions these loans as credit-building tools and emphasizes membership benefits, direct deposit requirements, and reasonable repayment timelines.
While PD Quick Cash improves upon traditional payday lending through lower APRs, reasonable terms, and credit union protections, consumers should note that the maximum 34.298% APR still falls within high-cost lending territory. The product is restricted to credit union members, creating a significant access barrier. The 30-day waiting period between applications and three-loan-in-six-months limit may constrain flexibility for members facing repeated financial emergencies. The application and funding speed claims require independent verification.
Services & Features
12-24 month flexible repayment terms
Loan origination and same-day funding
No-credit-check loan approval
Online loan application via website or mobile banking
PD Quick Cash Back-to-School Loans (seasonal)
PD Quick Cash Graduation Loans (seasonal)
PD Quick Cash Holiday Loans (seasonal)
PD Quick Cash Summertime Loans (seasonal)
PD Quick Cash Tax Relief Loans (seasonal)
PD Quick Cash Valentine's Loans (seasonal)
PD Quick Cash personal loans ($500-$2,000)
TruStage Payment Guard Insurance (job loss coverage)
Feature Checklist
Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection
Pros & Cons
Pros
- No credit check required for approval, making it accessible to those with poor or no credit history
- Same-day approval and funding claimed within 60 seconds, providing rapid access to cash
- Competitive APR range (19.99% base, 21.83%-34.298% actual) compared to payday loans (typically 400%+ APR)
- Reasonable repayment terms of 12-24 months, allowing manageable monthly payments vs. lump-sum payday loan repayment
- Free TruStage Payment Guard Insurance included at no additional cost, providing $500 job loss protection
- $35 flat origination fee is substantially lower than payday loan fees (typically $15-$20 per $100 borrowed)
- Exclusive to credit union members with direct deposit, ensuring lower-risk borrower pool and relationship-based underwriting
- Seasonal specialty loans offer even lower rates for specific expense categories
- Online/mobile application available anytime, anywhere, with no in-person visit required
Cons
- Restricted to People Driven Credit Union members only with minimum 6 months membership and direct deposit requirement, creating significant access barriers
- Maximum APR of 34.298% still qualifies as high-cost debt and exceeds 36% NCUA PAL benchmark for payday alternatives
- Strict borrowing limits (maximum $2,000, only 2 simultaneous loans, max 3 per rolling 6 months) with 30-day waiting period between applications may inadequately serve members facing repeated emergencies
- Actual APR varies substantially (21.83%-34.298% range) based on loan amount and term, with no clear disclosure of which loans fall at which end of spectrum
- Limited loan amounts ($500-$2,000) may be insufficient for larger emergency expenses compared to personal loan alternatives
Rating Breakdown
Value 2.0
Effectiveness 1.0
Customer Service 2.2
Transparency 2.0
Ease of Use 3.9
Compare the Best Personal Loan Options
See which lenders actually approve borrowers with bad credit. We compared APRs, fees, minimum scores, and funding speed.
Frequently Asked Questions
Is Quick Cash legitimate?
Yes. Quick Cash is a registered company, headquartered in 15439 Schoolcraft, Detroit, MI 48227.
Quick Facts
- Headquarters
- 15439 Schoolcraft, Detroit, MI 48227
- BBB Accredited
- No
- Starting Price
- Contact provider
- Setup Fee
- None
- Money-Back Guarantee
- No
CreditDoc Diagnosis
Doctor's Verdict on Quick Cash
PD Quick Cash is best for credit union members with established membership and direct deposit who need $500-$2,000 rapidly without credit evaluation. The main caveat is that membership and direct deposit requirements severely limit access, and the 34.298% maximum APR, while better than payday loans, still exceeds typical credit union PAL benchmarks—making it marginally compliant with payday alternative standards but not meaningfully lower-cost than competitive personal loan offerings.
Best For
- Credit union members with 6+ months membership and active direct deposit seeking small emergency loans without credit evaluation
- Borrowers with poor credit history or thin credit files who cannot qualify for traditional personal loans
- Individuals needing $500-$2,000 rapidly for unexpected expenses who prefer credit union lending over payday lenders
- Members seeking credit-building opportunities through manageable 12-24 month repayment terms
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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