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Speedy Cash Advance in St Paul, MN
Speedy Cash offers payday loans, installment loans, title loans, and cash advances with same-day or next-day funding through 200+ physical store locations across 11 states.
Data compiled from public sources · Rating from CreditDoc methodology
Speedy Cash Advance Review
Speedy Cash is an established short-term lending provider operating physical storefronts primarily in the Southwest, South, and parts of the Pacific Northwest. The company has built a multi-state presence with locations concentrated in Texas (90+ stores), Tennessee (40+ stores), California (40+ stores), and Nevada (20+ stores), alongside operations in Arizona, Kansas, Louisiana, Mississippi, Missouri, Oregon, and Washington. This physical footprint distinguishes them from purely online lenders and allows same-day funding for in-person applicants.
The company's service menu spans multiple short-term lending products including payday loans, installment loans, title loans, cash advance loans, lines of credit, short-term loans, and online loan options. Beyond lending, Speedy Cash operates a financial services ancillary business including check cashing, money orders, money transfers, and Green Dot/Visa debit card services. This hybrid model positions them as both a lender and quasi-financial services provider in underbanked communities. Customer service is available 24/7 via phone (1-888-333-1360 for English; 1-855-734-0111 for Spanish).
Speedys competitive advantages include rapid funding capability, no-credit-needed accessibility, physical store presence for face-to-face service, and integrated financial services (check cashing, money transfers). The extensive store network in underserved areas provides convenience and same-day cash disbursement—critical for customers in genuine emergency situations. Online lending options broaden accessibility beyond geographic limitations of physical locations.
However, as a short-term lender, Speedy Cash operates in a high-risk lending category where APRs and fees are typically substantial, though the website does not transparently display rate information. The company's reliance on physical storefronts in lower-income neighborhoods and emphasis on speed-over-affordability suggests this is fundamentally a predatory lending business model. Customers should carefully evaluate terms and consider alternatives (credit union PALs, employer advances, non-profit credit counseling) before committing to these loans.
Services & Features
Cash advance loans
Check cashing
Green Dot Visa debit card services
Installment loans
Lines of credit
Loans by phone
Money orders
Money transfers
Online loans
Payday loans
Short-term loans
Title loans (vehicle collateral)
Feature Checklist
Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection
Pros & Cons
Pros
- Same-day and next-day funding available for in-person applicants via 200+ physical store locations
- Multiple loan products including payday, installment, title, cash advance, and lines of credit for flexibility
- No credit check required—accessible to unbanked and underbanked consumers with poor or no credit history
- 24/7 bilingual customer service (English/Spanish) via phone and online help center
- Integrated financial services including check cashing, money orders, and money transfers in one location
- Online loan application option for remote access without visiting a physical store
- Green Dot Visa debit card integration for direct deposit and account services
Cons
- APR and fee structure not transparently disclosed on website; typical payday lender rates are 400%+ APR
- Predatory lending model—designed for speed and convenience rather than affordability, creating debt traps for vulnerable consumers
- Physical store locations primarily in low-income neighborhoods, targeting financially vulnerable populations
- Short repayment terms and rollover risk can escalate total cost of borrowing significantly
- No mention of credit-building or long-term financial wellness; extractive rather than empowering business model
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 Speedy Cash Advance legitimate?
Yes. Speedy Cash Advance is a registered company, headquartered in 1488 Concordia Ave, St Paul, MN 55104.
Quick Facts
- Headquarters
- 1488 Concordia Ave, St Paul, MN 55104
- BBB Accredited
- No
- Starting Price
- Contact provider
- Setup Fee
- None
- Money-Back Guarantee
- No
CreditDoc Diagnosis
Doctor's Verdict on Speedy Cash Advance
Speedy Cash is a quick-access emergency lender best for consumers in genuine financial crises with no other options and ability to repay within weeks. The critical caveat is that payday and title loans carry extremely high APRs (typically 400%+) and are designed to be expensive; consumers should exhaust alternatives (credit union PALs, non-profit counseling, employer advances) first and only borrow what they can afford to repay in full quickly to avoid debt spirals.
Best For
- Consumers with genuine short-term cash emergencies (car repair, medical bill) who cannot access credit elsewhere and can repay within 2-4 weeks
- Unbanked/underbanked individuals without credit history or access to traditional banking who need quick physical cash
- Title loan borrowers with vehicle equity and immediate liquidity needs
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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