in Payday Loans from AmscotUnaffiliated
|Loan Amount||Up to $500|
|Minimum Monthly Income||N/A|
Amscot Cash Advance Review
Amscot Cash Advance is offered by Amscot, a direct lender founded in 1989 and based in Tampa, FL. Amscot Cash Advance is available in 1 state across the USA.
What are the Amscot Cash Advance rates & fees?
These loans are meant as a short-term source of credit but if you calculate the annualized percentage rate of those fees you get rates ranging from 271.14% to 365%.
How much can you borrow from Amscot Cash Advance?
Loan amounts start at $ and go up to $500.
What do you need to qualify for Amscot Cash Advance?
When it comes to credit scores, Amscot doesn't have a set minimum or maximum. People with all types of credit scores can apply. The minimum age to be eligible is 18 or the state minimum, whichever is higher.
Amscot Cash Advance does not have or does not disclose a minimum annual income eligibility requirement. Amscot Cash Advance only considers borrowers who are employed.
The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. APRs for the Amscot Cash Advance product fall outside of the MLA limits, and as a result, the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.
U.S. citizens are, of course, eligible for the services offered by Amscot Cash Advance. Permanent resident / green card holders are also eligible to apply.
To qualify, applicants may need to provide the following documentation:
- Applicants must have an active and valid personal checking account
- Driver's license
- Government issued photo ID
- Proof of citizenship or residence permit
Does Amscot Cash Advance run credit checks?
No, Amscot Cash Advance will not run your credit with the three national credit reporting agencies (Equifax, Experian, and TransUnion). However, they may look at other databases to check your payment history.
What is the estimated funding time for a payday loan via Amscot Cash Advance?
Amscot Cash Advance will typically provide a credit approval decision in less than an hour and fund the loan within 0 business day.
Does Amscot Cash Advance report your account activity to credit bureaus?
Yes, Amscot Cash Advance reports your account activity to the following credit reporting agencies:
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.
Message From Amscot Cash Advance
|Checking Account Required|
|Credit Score Range||300 - 850|
|Employment Statuses Considered||
|Immigration Status Considered||
|Supported Income Types||
|Verification Documents Required||
|Credit Bureau Reporting||
|Funding Time Range||0 days|
|No Credit Check|
|APR||271.14% - 365%|
|Loan Amount||Up to $500|