Internet's first get-out-of-debt community - 144,000 members

Posted: Thu Oct 11, 2007 11:26 am Subject: Help amscot payday loan

Hi, I currently have a $500 PDL with Amscott. Every two weeks i go in and pay it off and then take out another one in 24 hrs. The fee is $51 every two weeks. I am in such a hole from this now that I have had to retake the loan every two weeks for MONTHS!! I can't get out I tried going down by $50 everytime but that plus the fee is more then $200 a month I cant do it anymore I am so in the hole. I am going to see if there is anyway they can take payments to pay this off instead of the constant paying and renewing. I can't keep doing it. Can they sue me or can I get in legal trouble for not paying it back and doing a payment arrangement? It scares me because they take a check but i think legally if the check is post dated that they cant report me to the bad check system? Has anyone out here gone through Amscot and did a payment arrangement? I am afraid of the repercussion but I know I can't pay it back and can't keep doing this every two weeks. They make a $100 off me every month for probably the past 4 months or more.

Posted: Fri Oct 12, 2007 5:32 am Subject:

I am not familiar with Amscott. What state?

Posted: Fri Oct 12, 2007 6:03 am Subject:

Toby is in Florida ( this is his new thread he started that got mixed with another thread)

Thanks for starting a new thread Toby!

Posted: Fri Oct 12, 2007 6:04 am Subject:

Toby-Just to confirm, is this Amscott a storefront loan? I see where you say "...i go in" so can you confirm internet loan or store?

Thanks!

Posted: Fri Oct 12, 2007 6:07 am Subject:

In Florida payday loan companies have to offer a payment plan.

Posted: Fri Oct 12, 2007 6:31 am Subject:

Amscott is a storefront loan.

Posted: Fri Oct 12, 2007 6:55 am Subject:

AMSCOT is a member of the CFSA. This means that regardless of state laws they must offer an extended payment plan.

Posted: Fri Oct 12, 2007 7:33 am Subject:

Thank you for this information that makes me feel better. I will have to call and see what they will do. You hear so many horror stories from these places I was afraid of what might happen.

Benjamin Bridwell · Posted: Mon Oct 22, 2007 8:33 am Subject: Please contact Amscot

Hi,

Information removed for your safety - Goudah

Benjamin Bridwell

Operations Director
Amscot Financial

Posted: Mon Oct 22, 2007 1:31 pm Subject: reply

toby, just a person opinion here, but I would contact the Amscott you have the loan with. I don't know if "Benjamin Bridwell" is a corporate person or who he is. However, you honestly need to go to the Amscott that has your loan and see what they have to say. Just my opinion here. Whenever I've dealt with store fronts, I deal with the manager of the actual store. If something "goes wrong" and it gets turned over to corporate or collections, that's when I deal with them. Until that point, I only deal with the storefront that has my check. Just my own person opinion here, toby. Wink

If you do this, mention that "Benjamin Bridwell" gave you his information and give them the phone number posted. See what they have to say regarding this information.

Posted: Mon Oct 22, 2007 1:45 pm Subject: reply

Just called the phone number. It was answered with "Hello." Ummmm.... no company name. Sounded like someone's house....... Definately go to the Amscot store where your check is and give them this information and see what's up.

Posted: Tue Oct 23, 2007 6:54 am Subject:

I removed the info. I think it's just some joker out there, and I'd hate to have someone from this site that needs help call them and give them identifying information and have it just be some dude sitting in his house looking to steal his ID or something.

To Amscott Employee - If you really want to help people, train your employees to treat people with respect and understanding, and let them set up payment plans.

Traci82 · Posted: Wed Nov 26, 2008 3:48 pm Subject:

I just did a payment plan with Amscot. You have to go in and sign some paperwork saying that you will repay them in 4 installments. You also have to go to a credit counseling course which was completely pointless. My Amscot place gave me a lot of trouble over it and because of that, I'm never going back, not even for a money order. Hopefully yours will be better. Good luck.

amscot · Posted: Thu Dec 04, 2008 9:50 am Subject: amscot

Amscot has an Extended Payment Plan you can do once a year if your check hasn't gone to the bank. Ask about it when you do your next advance. It is also on the folder they put your copies of the paperwork in. You pay 4 equal payments to get you out of the advances, which that pays off your check.

shev · Posted: Tue Jan 06, 2009 6:49 am Subject: Amscot

What if your check has gone to the bank can they come after you with the law!? for passing a bad ck

PDL Owner · Posted: Tue Jan 06, 2009 7:30 am Subject:

Shev,

The answer to your question is NO!!

*Name:
*Email:
*Phone:
*Zip:
*Debt

	* denotes required field

Internet's first get-out-of-debt community - 144,000 members

Help amscot payday loan

Members Area

Free Debt Counseling

Ask the community

Also See

Featured Discussions

Featured Articles

Recent Forum Discussions

Recent Blog Post