Category Archives: Local Title Loans

$505 Million in Refunds delivered to Payday Loan users Through the Federal Trade Commission

$505 Million in Refunds delivered to Payday Loan users Through the Federal Trade Commission

see responses to questions regarding AMG refunds

You may be getting a check in the mail from the FTC if you took out an online payday loan from a company affiliated with AMG Services. The $505 million the FTC is going back to customers makes this the biggest refund system the agency has ever administered. (FTC image)

BREVARD COUNTY, FLORIDA – If you took away an internet pay day loan from a business connected to AMG Services, you are getting a sign in the mail through the FTC. The $505 million the FTC is time for customers makes this the refund program that is largest the agency has ever administered.

The FTC sued AMG and Scott A. Tucker for misleading payday financing. When customers took away loans, AMG stated they might autotitleloanstore.com login charge an one-time finance charge.

Alternatively, AMG made numerous unlawful withdrawals from peoples’ bank reports and charged fees that are hidden. As a total outcome, individuals paid much more for the loans than that they had decided to.

In 2016 a court was won by the FTC case against AMG and Scott Tucker. Then in 2017, a jury convicted Tucker and their lawyer of crimes regarding the financing scheme. The FTC and Department of Justice are employing cash obtained in both court actions to offer refunds to customers.

Listed below are responses to questions regarding AMG refunds.

Who can obtain a reimbursement?

Checks are now being delivered to customers whom took away loans between January 2008 and January 2013 because of these AMG-related organizations: 500FastCash, Advantage Cash solutions, Ameriloan, OneClickCash, Star money Processing, UnitedCashLoans, and USFastCash. Continue reading