Background
FastBucks was a financial services provider specializing in short-term consumer cash solutions, including payday loans, check cashing, and other small-dollar consumer loans. The company targeted individuals in need of quick access to funds, often serving those who may not have qualified for traditional bank loans.
History
FastBucks began operations in 1998 and grew to serve customers in multiple states through both storefront locations and online services. The company was known for its fast approval process and convenience, allowing borrowers to access emergency funds with minimal paperwork. Over time, FastBucks and related entities such as FastBucks and PayDay EveryDay operated in locations including Texas and Idaho. However, as of recent years, FastBucks is no longer in business.
Types of Loans and Fees Charged
Loan Types: Short-term payday loans, cash advances, check cashing services, and small consumer loans.
Loan Amounts: Typically up to $500 or less, depending on state regulations and borrower eligibility.
Repayment Terms: Loans were generally due in full on the borrower’s next payday, usually within two to four weeks.
Interest Rates (APR): Payday loans from FastBucks carried high APRs, often exceeding 300%. For example, a typical fee might be $15–$30 per $100 borrowed, resulting in very high annual rates.
Fees: In addition to finance charges, borrowers could incur late payment fees, returned payment fees, and other penalties if unable to repay on time.
Locations
FastBucks operated storefronts in several states, including Texas (Dallas area) and Idaho (Boise area). Example locations included:
8050 Fairview Ave #A, Boise, ID 83704
6868 Greenville Ave, Dallas, TX 75231-6404
7920 Belt Line Rd Ste 600, Dallas, TX 75254-8132
States Where Loans Were Offered and Not Offered
Available States: FastBucks operated in states where payday lending was legal, such as Texas and Idaho.
Unavailable States: The company did not operate in states with strict payday lending bans or heavy regulation.
Consumer Sentiment and Reviews
Consumer sentiment toward FastBucks was mixed, with some customers appreciating the speed and convenience, while others criticized the high costs and aggressive collection practices. The company is now out of business, and its locations are closed.
Current Status
FastBucks is no longer operating. The business is not BBB accredited and has no current rating, as it has ceased all lending activities. Consumers seeking payday loans should look for reputable, licensed lenders and carefully review all terms and conditions before borrowing.
