Quick Cash Loans offers in-store and online payday loans up to $1,000 with same-day funding in Memphis, TN. Fast approval process targeting consumers with all credit types.
Data compiled from public sources · Rating from CreditDoc methodology
Quick Cash Loans operates a physical storefront payday lending business headquartered in Columbus, OH, with locations including Memphis, Tennessee. The company positions itself as a direct lender providing short-term cash advances to consumers facing immediate financial emergencies. Their Memphis location at 2600 Thousand Oaks Blvd opened to serve local residents and is staffed by a branch manager. The company advertises availability across multiple application channels: in-person store visits, phone applications, and online submissions through their website portal.
The company's primary product is payday loans, marketed as short-term borrowing solutions for amounts up to $1,000. They advertise average turnaround times of less than 30 minutes for in-store approvals and claim next-business-day funding for online applications. Quick Cash Loans explicitly states they accept applicants with bad credit and perform soft credit checks rather than hard inquiries. Eligibility requirements are straightforward: applicants must be 18+, provide a valid ID, proof of income, active checking account, and contact information. The company emphasizes that applying does not affect FICO credit scores.
Quick Cash Loans distinguishes itself through rapid approval and funding speed, local in-store presence, willingness to serve subprime borrowers, and transparent communication about rates/fees availability. Their branch manager structure and extended business hours (8 AM–9 PM Monday–Saturday) suggest operational infrastructure beyond purely online lending. The company uses a referral model, noting that those who don't qualify with their lenders may be referred to alternative providers, positioning themselves as a connecting service rather than sole lender.
A critical caveat: the company's website footer contains a disclaimer stating QuickCashLoansWow.com is an "online direct lender connecting service, not a lender or broker," which contradicts the store-based lending representation. Payday loans carry significantly higher interest rates and fees than traditional credit products and are explicitly flagged as unsuitable for long-term borrowing. The company acknowledges this risk, advising customers to borrow only what they can repay by their next paycheck. No specific APR, fee schedule, or rate transparency appears on the provided page content.
See which lenders actually approve borrowers with bad credit. We compared APRs, fees, minimum scores, and funding speed.
Yes. Quick Cash Loans is a registered company, headquartered in Memphis, TN.
Results vary by individual situation. Contact the provider to discuss expected timelines for your specific needs.
CreditDoc Diagnosis
Quick Cash Loans is best for employed individuals with immediate, genuine emergencies (car repairs, urgent bills) who can repay within a single pay cycle and have exhausted traditional credit options. The critical caveat is that payday loans are high-cost products with significant rollover risk; the website itself warns they are unsuitable for long-term financial needs. Applicants should only borrow the minimum amount necessary and confirm their repayment capacity before applying, as the fast approval timeline can obscure the predatory loan structure.
Nevada Title and Payday Loans, Inc. (Cash Cow Corporation) offers fast title loans up to $15,000, payday loans, and installment loans with same-day or next-day funding at their Las Vegas location.
Best for: Vehicle owners with paid-off cars facing immediate cash emergencies who cannot access other credit, Salaried or hourly employees needing short-term bridge loans between paychecks for urgent bills
Pacific Cash Advance offers payday loans with same-day funding at a Los Angeles location. Direct lender with no hidden fees and a referral rewards program.
Best for: Los Angeles residents facing immediate cash shortfalls before payday, Consumers with poor credit who cannot access traditional bank loans
The Loan Source is an SBA-licensed Small Business Lending Company (SBLC) since 1994, offering SBA loan programs, PPP forgiveness servicing, and a business services marketplace.
Best for: Small business owners seeking SBA-backed financing through a long-established, stable lender, PPP loan recipients needing professional forgiveness application support and guidance
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Read guide →New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.
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.
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.
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.
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.
A special APR calculation used for military servicemembers that includes ALL costs — fees, insurance, and add-ons — capped at 36% by federal law.
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.
The maximum interest rate a lender can legally charge in a particular state. Charging above this rate is called 'usury' and is illegal.
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.
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.
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.
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.
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.
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.'
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.
The practice of charging interest rates higher than what the law allows. Usury laws set state-specific caps on how much lenders can charge.
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.
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.
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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