How much money will Amscot give you?

Amscot will offer you a cash advance of up to $500 ($1,000 with Amscot Installment Cash Advance). You can easily apply for this service and sign an agreement with the company in order to get the money on the spot. The company charges a flat fee for its service, which is deducted from the amount that you have borrowed.

How much cash advance can I get with Amscot?

Amscot uses the information you provide while applying for a loan to determine how much it can offer you. Your income, frequency of pay, and other things are used to establish your creditworthiness. They don’t do a credit check to do this.

Who is eligible for Amscot cash advance?

To be eligible for an Amscot cash advance,

1. You must be 18 years old and have a valid government-issued ID that has your picture on it.
2. You also need to provide the phone number where you can be reached at all times. This will help them contact you in case they need further information from you about the loan.
3. You must have a bank account that is open and active, as well as the banking details of your account with you when you visit their office to complete the application process.

What does Amscot charge for a cash advance?

Amscot charges a fee of 10% for availing a cash advance. There will also be a verification fee of $2. For example, In order to avail a $100 cash advance, you have to pay a fee of $12.00 as the rate is 10% for this transaction. And, you will have to pay an additional fee of $2.00 for the verification process.

Thus, the total amount that you get after all this is just $86. You can calculate the Amscot fee you will be charged by using the above-mentioned rates. In order to get an Amscot cash advance, you will have to write a check for Amscot for the total amount i.e. Amount Borrowed + Total fees.