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Loans like Rapid Cash

loans like rapid cash

Rapid Cash, also known as Speedy Cash, is a well-known direct lender with more than 140 locations in 12 states. Besides in-store services, the company also provides online loans for bad credit in 24 states. The options available include payday loans, installment loans, title loans, and lines of credit.

However, there are some considerations regarding the company’s loans. They include high APRs, hard credit checks, and limited availability. Therefore, borrowers need to consider alternatives first. We’re here to help you navigate your options and find the right loans like Rapid Cash.

Table of Contents

  1. Best Options for Emergency Financial Aid for Bad Credit
  2. Rapid Cash: Reviews and Company Description
  3. Loans Offered by Rapid Cash Online
  4. How Can I Get a Rapid Cash Payday Loan?
  5. 15M Finance: An Alternative to Getting a Rapid Cash Loan Online
  6. How Does 15M Finance Stand out?
  7. How to Apply for a Loan via 15M Finance?
  8. Other Alternatives to a Rapid Cash Payday Loan
  9. Final Thoughts
  10. FAQ

Best Options for Emergency Financial Aid for Bad Credit

If you need money quickly and have a less-than-perfect credit score, here are emergency financial aid options to consider:

Loan Types Overview Loan Amount Repayment Terms APR Collateral Credit Checks Considerations
Online payday loans Payday loans are bridge loans between paychecks. These short-term financial products are used to cover immediate expenses $100 to $1,000 By your next paycheck, typically in 2 to 4 weeks Often exceeds 400% (payday lenders usually charge a flat fee of $10 to $30 for every $100 borrowed) No Most lenders consider bad credit borrowers and run only soft credit checks Payday loans are very expensive and have short repayment terms. As a result, borrowers risk getting into a debt trap. Plus, there may be fees for late payments and rollovers, making your loan even more expensive
Installment loans Installment loans may be used for larger purchases due to higher amounts and longer repayment terms. They allow you to split the amount you owe over several months or years $500 to $5,000 2 to 24 months 16% to 100% No Most lenders consider bad credit borrowers and run only soft credit checks APRs are still higher than those on traditional personal loans. Although they are more manageable compared to payday loans, you will overpay more over the loan life
Personal loans for emergencies Emergency personal loans are bad credit loans people use to make major purchases or cover long-term needs $1,000 to $50,000 12 to 84 months 5.99% to 35.99% No A hard credit check may be involved. Credit score requirements are stricter Taking on long-term financial obligations will result in significant overpayment over time. You may have to meet certain minimum credit score requirements and demonstrate steady income to qualify
Cash advances via apps Cash advance apps allow you to borrow small amounts against your next paycheck, often without charging interest. They can be used to cover small emergencies $50 to $500 By your next paycheck, usually in 2 to 4 weeks Some apps are interest-free, while others come with APRs of over 400% No Most lenders consider bad credit borrowers and run only soft credit checks Some apps charge high APRs. Extra fees may be applied. You can only borrow a small amount for a short period
Online title loans Car title loans are cheaper payday loan alternatives that require collateral. You need to provide your vehicle’s title as a pledge to get emergency funds Up to 50% of your car’s title Usually up to 30 days but may be longer About 300% Yes, your car’s title Most lenders consider bad credit borrowers and run only soft credit checks Title loans are difficult to handle due to their high APRs and short repayment terms. Your car may be repossessed if you default on your loan
Payday Alternative Loans (PALs) Payday alternative loans are issued by credit unions to prevent their members from predatory lending practices. They are much cheaper than payday loans and come with longer repayment terms $100 to $2,000 2 to 12 months Up to 28% No Come with a hard credit check You need to be a CU member to apply. A hard credit check will drop your credit score by a few point
Pawn shop loans Pawn shop loans are cash loans that require your valuable belongings as collateral 25% to 60% of your collateral’s value 30 to 60 days Around 200% Yes, any valuable item you own None A pawnbroker will seize and sell your collateral if you don’t repay what you owe on time

Rapid Cash: Reviews and Company Description

Rapid Cash is a direct loan provider that has been operating since 1997. The company offers a wide range of loans available to borrowers with any credit history. Additionally, Rapid Cash provides in-store services in 12 states. They include check cashing, money orders, and money transfers.

The company has a 4.5 out of 5 rating on Trustpilot based on more than 9,400 reviews. However, Best Company and Better Business Bureau users rated the platform 2.4 and 1.3 out of 5, respectively.

Besides in-store products, borrowers can also access online loans via the company’s website. However, Speedy Cash only offers them in 24 states: Alabama, Alaska, Arizona, California, Delaware, Idaho, Indiana, Kansas, Louisiana, Mississippi, Missouri, Nevada, North Dakota, Ohio, Oklahoma, Oregon, Rhode Island, South Carolina, Tennessee, Texas, Utah, Washington, Wisconsin, Wyoming.

Loan amounts you can get from Rapid Cash range from $50 to $3,000. Some options need to be repaid in full within just a few weeks, while others come with affordable monthly payments over several years. However, you need to be aware of their high interest rates, which range from 160% to over 400%. In some cases, borrowers are also charged extra fees.

Loans Offered by Rapid Cash Online

Rapid Cash offers 4 main types of loans available online.

Rapid Cash Payday Loans

These short-term loans are designed to provide quick financial relief for your small emergencies. The amounts are usually between $50 and $1,000, depending on your state, income, and credit score. The repayment is made in one lump sum within 2 to 4 weeks, typically after you receive your next paycheck. Payday loans have very high APRs, which are around 300% to 400%.

Installment Loans

Installment loans are longer-term options that are repaid in equal monthly payments. Depending on your state and income, you can access up to $3,000. Unfortunately, the company doesn’t specify the maximum repayment period. In most cases, it ranges from several months to several years.

Lines of Credit

Lines of credit are revolving, meaning that you can use them again after you repay the amount you borrowed. They are also called open-ended, meaning that there’s no specific repayment period. Speedy Cash borrowers can access credit limits of up to $3,000 and use the funds when needed to cover emergency expenses.

Online Title Loans

Title loans can be used as a cheaper alternative to payday loan options. They use your vehicle’s title as collateral and, therefore, offer lower interest rates. The amount you can borrow depends on your car’s price. It’s typically a percentage of its estimated cost. Although you can still drive your car while it’s pledged, it can be repossessed if you default on the loan.

How Can I Get a Rapid Cash Payday Loan?

To qualify for a Rapid Cash payday loan, you need to meet a few eligibility requirements:

Be of legal age, typically the age of 18; Be a US citizen or permanent resident; Have an active bank account; Provide proof of steady income.

Additionally, you will be asked to specify some information, such as your Social Security number, valid ID, phone number, and routing number.

The application process may be completed online or in a store. If you visit the lender’s location, you need to bring all the supporting documents with you and fill out a form in a branch. An online application procedure is available via the company’s website. Just keep in mind that the application involves a hard credit check that may affect your credit rating.

If approved, you will get an email with an offer. Then, you can choose whether you want to receive your money on hand in a store or get a direct deposit into your bank account.

15M Finance: An Alternative to Getting a Rapid Cash Loan Online

A Rapid Cash loan may be a convenient option for borrowers who need money fast and have bad credit. However, the company’s hard credit checks, high interest rates, and limited operating zones can be drawbacks for many. Luckily, there are always alternative online lenders ready to lend you a helping hand. 

15M Finance is proud to be one of them. Our loan marketplace partners with multiple direct lenders offering loans with no credit check through major credit bureaus. This means that your credit score won’t suffer. Our partners provide loans between $100 and $5,000, so you can find an option that meets your unique needs. We make the process smooth and fast, so you can apply in a few clicks via our website. Borrowers who get approved before 10 AM on weekdays can even get same-day loans with bad credit.

Get a rapid cash loan online

How Does 15M Finance Stand out?

15M Finance is a connecting service that expands your choice by offering options from multiple lenders at once. You can access them by filling out just one application form, which saves you time and effort. This also increases your chance of approval and getting a loan with favorable terms.

We go above and beyond to ensure our borrowers will get the service that meets their needs. Fast loan approval, quick cash loans’ deposits, and flexible repayment options make 15M Finance a smart choice for those seeking affordable and prompt borrowing options. You will also enjoy our no hidden fee loans with transparent loan terms.

How to Apply for a Loan via 15M Finance?

The application process is very plain, so you can complete it in just 5 minutes. Here are steps to take to request a loan via 15M Finance:

  1. Fill out an online application form on the website. The information you need to provide is basic and includes your personal, contact, and financial details.
  2. Wait for an approval decision. One of our lenders will make a soft credit check to estimate your financial shape and send you a response via email. If approved, review the terms thoroughly and sign the loan agreement.
  3. Get a direct deposit. The money will be in your checking account as soon as the next business day. Some lenders make same-day transfers for applicants approved before noon on weekdays.

Other Alternatives to a Rapid Cash Payday Loan

If you’re looking for cheaper options or want more flexibility, here are a few alternative options available, even with bad credit:

Secured loans. By providing a lender with collateral, you can get a higher loan amount on more favorable terms, including lower rates and repayment flexibility. Just note that defaults may lead to collateral repossession; Payday alternative loans. Payday alternative loans are much cheaper than payday loans, as their APRs are capped at 28%. With their help, you can get up to $2,000 for 1 to 6 or 12 months. PALs may be obtained from credit unions, but you need to be a member of one; Peer-to-peer loans. These loans allow you to borrow money from other individuals via online lending platforms. They often come with more favorable terms and lower rates but may involve extra fees. The lack of regulation is also a consideration; Family loans. You can always turn to your loved ones in the moment of need. Although it may be difficult to admit your tough financial situation and ask for help, it may result in significant savings over time. Just make sure to repay the money on time to maintain good relationships.

Final Thoughts

Loans like Rapid Cash can be handy if you have bad credit and need money quickly. They can help you cover both your short-term and longer-term financial needs, but the price can be quite high. Such loans often come with limited repayment terms and high APRs, making them difficult to handle.

Services like 15M Finance help borrowers access multiple offers from trusted direct lenders. This increases their approval chances at more favorable terms due to high competition. You can also consider other alternatives before making a final decision. Learn more about all the options available to you to choose the one that suits you best.


Is Rapid Cash Legit?

Rapid Cash is a legal company that belongs to the Online Lenders Alliance (OLA). This trade association ensures borrowers are fully informed and fairly treated as it is provided for in their Code of Conduct and Best Practices.

How Much Do Speedy Cash Loans Cost?

Speedy Cash loans are quite expensive. Their APRs range from 200% to over 400%. The exact cost depends on the loan type and the state you live in.

Where Can I Find Loans Like Rapid Cash?

Feel free to choose 15M Finance! You can fill out just one online application form and make your loan request visible to multiple direct loan providers.

How Much Can I Borrow with Rapid Cash?

Rapid Cash offers loans between $50 and $3,000. The amount you can get depends on the loan type, your credit score, and your monthly income.