Frequently Asked Questions

You have questions we have answers.

Does your company charge a fee?

We do not charge any fees. If you receive a guarantee, you may need to get verified through a third-party verification service which may charge a fee.

If approved, how long does it take to receive my funds?

If you receive a guarantee, then a personal loan can usually be funded within a day or two, sometimes the same day. Lines of credit may take longer. Funds are usually issued directly into your bank account by check and the first payment is usually due 30 days after funds are received. Lenders will report your monthly payments to the credit bureaus.

Am I guaranteed to be approved?

If you receive a guarantee from us, then yes. The guarantee will be subject to either the terms and conditions on this website or to the terms of any signed agreement between you and our company. If you also receive a separate guarantee from one of our partners, then they will provide you with their guarantee details and terms.

Are the loans unsecured?

Any guarantee that is made will be based on you, and you alone, for personal loans and/or lines of credit. No co-signers, home ownership or collateral is usually necessary..

Is the interest rate guaranteed?

The interest rates we show are based on the credit situation selection that you have made. But ultimately it is based on your actual credit situation and is up to the individual lender or lenders to make that determination.

What is an Installment Loans?

An Installment Loan is a loan that is repaid over time with a set number of scheduled payments.

What is the difference between an Installment Loan and a Payday Loans?

Repayment in full of a Payday Loan is typically due on your next Payday, whereas an Installment Loan typically accrues daily interest and is paid back in instalments over a longer period of time.

What types of Installment Loans does Rapid Cash offer?

Rapid Cash offers quick cash Installment Loans, which are useful for paying bills, making credit card payments, etc. Our Installment Loans carry a longer term than a typical Payday Loan but are not as long-term as some secured Installment Loans (such as a mortgage)

How do Installment Loans work?

A common example of an Installment Loan is a car payment. You pay a specific amount periodically (usually bi-weekly or monthly), with interest accruing at a daily fixed rate. Once you’re approved for an Installment Loan, your repayment schedule will be determined. These scheduled payments are over a set period of time and will include your loan principal and interest.

How much can I borrow with an Installment Loans?

The amount you can borrow depends on several factors, including your monthly income, credit score, and the maximum loan amount available in your state.

What do I need to have to apply for an Installment Loans?

To apply for an Installment Loan you will need:

To be at least 18 years old
A valid ID
A steady source of income
An open bank account
If applying online, you will need to provide your social security number and a valid email address.

Can I pay off my Installment Loans early?

Absolutely. In fact, it’s within your best interest to do so. Paying more than the minimum amount due results in less interest accruing on your loan.

Be aware, however, that some lenders may tack on early payoff fees. Review your loan agreements for such fees. Alternatively, Speedy Cash offers an early payoff option to all Customers for all loans, with no early payoff fees.

What if I can’t pay my scheduled loan payment?

Contact Rapid Cash to let us know if you are experiencing financial hardship. In most cases, we’ll work with you to make alternate payment arrangements.

Can I qualify for an Installment Loan with bad credit?

At Rapid Cash, we try to be understanding in regard to the financial implications of bad credit. You may qualify for an Installment Loan despite bad credit, depending on your income and ability to repay the loan.