A: If you are unable to repay your cash advance on time you could be eligible for alternative payment arrangements such as the Grace Period, or if you meet certain requirements, the Extended Payment Plan. Please come into a branch and ask an Amscot associate for more details.
How long do you have to pay amscot back?
Q: How long do I have before I am required to pay back my cash advance? A: We hold your check until your next scheduled payday. Q: If I currently have a cash advance through another provider, can I get another cash advance here? A: Under Florida law you can only have one outstanding cash advance at a time.
How does amscot installment loan work?
The Amscot Installment Cash Advance offers qualified customers access to loans from $100 to $1,000. Rather than being paid back in one lump sum on your next pay day, installment cash advances are typically paid back in scheduled installment payments that coincide with your paydays.
Can amscot sue me?
Yes, Amscot can sue you. Amscot can hire a lawyer to file a breach of contract lawsuit against you for the underlying debt, fees, and costs. If you've been sued by Amscot, do not ignore the lawsuit; you may have defenses.
What is amscot extended payment plan?
Apply for an Amscot Installment Cash Advance* (also known as an installment loan) and get from $100 to $1,000 in cash with no credit checks. Plus, get more time to pay it back with our flexible payment options.
Can you pay back a payday loan in installments?
Payday installment loans — small-dollar, high-cost loans that you can pay back in multiple installments — are not meant to be a long-term financial solution. If you find yourself routinely strapped for cash, consider talking with a credit counselor before getting a payday installment loan.2021-11-01
How do I pay back amscot?
How it works... Complete a short application, sign an agreement, and write a check for the loan amount plus fee. Receive cash on the spot and we will hold your check until your next payday when you're due to repay. Amscot charges a flat, one-time fee for its service.
Does Amscot have a grace period?
Amscot's total fee is $11 per $100. ... Florida law requires that customers who tell Amscot they cannot pay a loan be connected with a financial counselor to set up a repayment schedule. In that case, that account enters a 60-day grace period, where it does not accrue additional fees.2016-07-23
How does Amscot installment loan work?
The Amscot Installment Cash Advance offers qualified customers access to loans from $100 to $1,000. Rather than being paid back in one lump sum on your next pay day, installment cash advances are typically paid back in scheduled installment payments that coincide with your paydays.