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Part of the Speedy Cash chain · locations
Speedy Cash in Memphis, TN
Speedy Cash on Elvis Presley Boulevard in Memphis, TN offers fast payday and title loans with same-day service.
Data compiled from public sources · Rating from CreditDoc methodology
Speedy Cash Review
Located at 4041 Elvis Presley Boulevard in Memphis, TN, this Speedy Cash storefront provides quick access to payday and title loans. The Memphis location operates Monday through Friday with extended hours (9 AM to 7 PM on Mondays and Fridays, 9 AM to 6 PM Tuesday through Thursday), plus Saturday hours from 9 AM to 4 PM. As a standalone location, it's easy to find and parking is available directly at the storefront.
This Memphis branch specializes in payday loans and title loans, with flexible terms and fast approval processes. Contact the location directly at 901-396-5737 to discuss your borrowing needs, ask about current rates, and learn about eligibility requirements. The knowledgeable staff can walk you through the application process and answer questions about your specific situation.
If you're a Memphis resident needing quick cash for an emergency or unexpected expense, Speedy Cash on Elvis Presley Boulevard can provide same-day funding. Bring a valid government-issued ID, proof of income, and proof of address to speed up your application. Visit during business hours or call ahead to ensure availability.
Services & Features
Check cashing
Green Dot prepaid Visa debit cards
In-store loan applications and document signing
Lines of credit up to $4,000
Money orders
Online loan applications
Payday loans up to $425
Title loans up to $4,000
Vehicle appraisals for title loan collateral
Wire transfers
Feature Checklist
Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection
Pros & Cons
Pros
- Offers same-day or next-day funding for emergency cash needs
- No specific credit score requirement mentioned; accessible to those with poor/no credit
- In-store application with live staff support to answer questions before signing
- Flexible lines of credit up to $4,000 with draw-down flexibility as needs fluctuate
- Title loans leverage vehicle equity for larger loan amounts up to $4,000
- Multiple locations across Memphis (9 stores listed) for neighborhood convenience
- Additional money services (check cashing, wire transfers, money orders) in-store
- Transparent pre-application information available in-store and online
Cons
- APRs and total finance charges not disclosed on website; actual cost of borrowing unclear
- Payday loans ($425 max) are extremely small and require full repayment within ~2 weeks, creating debt cycle risk
- Title loans require vehicle collateral, risking loss of transportation if repayment fails
- Short repayment terms make monthly debt obligations difficult for low-income borrowers
- In Alabama, title lending is structured as 30-day pawns rather than traditional loans, indicating regulatory restrictions
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 legitimate?
Yes. Speedy Cash is a registered company, headquartered in 4041 Elvis Presley Blvd, Memphis, TN 38116.
Quick Facts
- Headquarters
- 4041 Elvis Presley Blvd, Memphis, TN 38116
- BBB Accredited
- No
- Starting Price
- Contact provider
- Setup Fee
- None
- Money-Back Guarantee
- No
CreditDoc Diagnosis
Doctor's Verdict on Speedy Cash
Speedy Cash is best for working-age consumers in immediate financial crisis who prefer in-person service and understand the high cost of short-term lending. The main caveat is that payday and title loans are expensive emergency products—useful for true one-time shortfalls but dangerous if used repeatedly, as the high costs and quick repayment terms create debt cycles. Borrowers should exhaust payday-alternative options (credit union PALs, employer advances) before applying here.
Best For
- Workers facing urgent cash shortfalls between paychecks who prefer in-person service
- Vehicle owners needing $1,000–$4,000 quickly who can afford title loan repayment
- Consumers uncomfortable with online-only lending who value face-to-face staff interaction
- Individuals with poor credit or no credit history unable to access traditional bank loans
Updated 2026-04-29
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Financial Wellness Guides
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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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