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How to Choose a
Cash Advance Company

How to Choose a Cash Advance Company

In order to provide the peace of mind of knowing you’re doing business with a reputable company, it’s important that your cash advance provider is a Community Financial Services of America (CFSA) member.

CFSA members, like Amscot, practice responsible lending by adhering to industry best practices and provide strong consumer protections.  CFSA members are required to prominently display the CFSA Member Seal and Industry Best Practices in all store locations.  They also must provide new customers with the CFSA Best Practices Brochure.  

Amscot has been a CFSA member in good standing since 2005.  Ian MacKechnie, Founder and CEO of Amscot Financial, serves on the CFSA Board of Directors. 

*You must be 18 years or older and you cannot have any outstanding cash advances with Amscot or any other provider. Some restrictions apply. If your check is dishonored a return check fee and non-sufficient funds fees may apply. As a member of CFSA, Amscot abides by the Fair Debt Collection Practices Act, as applicable, to collect past due accounts. Non-payment does not affect your credit score. Amscot does not offer automatic renewals. APR 265.93% to 312.86 %. APR example provided is representative range based on a fourteen (14) day hold period with one payment. Amscot is licensed by the Office of Financial Regulation pursuant to Florida law governing Money Service Businesses. Notice to Our Customers: A single cash advance is typically for two to four weeks. However, borrowers often use these loans over a period of months, which can be expensive. Cash advances are not recommended as long-term financial solutions.