Payday Loans Online by Amscot
No matter what you are looking to get a payday loan for, we can help you at Amscot. Amscot payday loans are fast, easy, and do not need a fax or walkin. Simply click, fill out the application and wait for the lenders to send you offers. Get your cash NOW! Don't change your life to get the cash you need, simply spend 30 seconds, and get the Payday Loan Online.
Many surveyed lenders automatically renew loans by electronically withdrawing the finance charge from the consumer's checking account every payday. If consumers fail to have enough money on deposit to cover the finance charge or repayment, both the payday lender and the bank will impose insufficient funds fees.
No matter what you are looking to get a payday loan for, we can help you at Amscot. Amscot payday loans are fast, easy, and do not need a fax or walkin. Simply click, fill out the application and wait for the lenders to send you offers. Get your cash NOW! Don't change your life to get the cash you need, simply spend 30 seconds, and get the Payday Loan Online.
Many surveyed lenders automatically renew loans by electronically withdrawing the finance charge from the consumer's checking account every payday. If consumers fail to have enough money on deposit to cover the finance charge or repayment, both the payday lender and the bank will impose insufficient funds fees.
MUM-OF-TWO Helen found herself £10,000 in debt after taking out several payday loans, despite having NO JOB.
She says: “The loan companies hound you all the time — I didn’t know where to turn.
“They got me from every angle — text messages, three or four phone calls a day, letters... they just don’t leave you alone.
“The amount of pressure I was under is unimaginable.
“In the midst of my debt, I went to see my GP who gave me some sleeping pills and put me on anti-depressants.”
Now feeling much better as her debts are under control, single Helen, from Basingstoke, Hampshire, wants to warn people about the addictive nature of loan sharks.
After struggling to get by on around £120 a week income support, £33 child benefits a week and full housing and council tax benefit (around £112 per week), Helen jumped at the opportunity to borrow £300 from a company offering cash to those with bad credit.
That was in 2005 and over the following seven years, Helen continued to borrow from doorstep lenders, landing herself in deep water.
She says: “I admit now that I was naive but it was like a lifeline.
“Two men just waved the cash in my face and I couldn’t help it — I had to say yes. I was desperate.
“I genuinely had no idea what I was doing when I took my first payday loan out.
“I promised to pay back £10.50 per week without realising what the small print said.”
Unknown to Helen, the interest rate offered on her loan was a whopping 97.5 per cent and 399 per cent APR.
As a result, the total she would be paying back on the £300 was £525 — almost double the amount she borrowed.
After being encouraged by her family, Helen contacted Hampshire Credit Union, who she claims saved her life.
The credit union phoned all the companies she owed money to and calculated her total amount of debt — which was £10,000.
They then prioritised the debts for Helen and came up with a structured plan to help her pay them off by April 2013.
She says: “The loan companies hound you all the time — I didn’t know where to turn.
“They got me from every angle — text messages, three or four phone calls a day, letters... they just don’t leave you alone.
“The amount of pressure I was under is unimaginable.
“In the midst of my debt, I went to see my GP who gave me some sleeping pills and put me on anti-depressants.”
Now feeling much better as her debts are under control, single Helen, from Basingstoke, Hampshire, wants to warn people about the addictive nature of loan sharks.
After struggling to get by on around £120 a week income support, £33 child benefits a week and full housing and council tax benefit (around £112 per week), Helen jumped at the opportunity to borrow £300 from a company offering cash to those with bad credit.
That was in 2005 and over the following seven years, Helen continued to borrow from doorstep lenders, landing herself in deep water.
She says: “I admit now that I was naive but it was like a lifeline.
“Two men just waved the cash in my face and I couldn’t help it — I had to say yes. I was desperate.
“I genuinely had no idea what I was doing when I took my first payday loan out.
“I promised to pay back £10.50 per week without realising what the small print said.”
Unknown to Helen, the interest rate offered on her loan was a whopping 97.5 per cent and 399 per cent APR.
As a result, the total she would be paying back on the £300 was £525 — almost double the amount she borrowed.
After being encouraged by her family, Helen contacted Hampshire Credit Union, who she claims saved her life.
The credit union phoned all the companies she owed money to and calculated her total amount of debt — which was £10,000.
They then prioritised the debts for Helen and came up with a structured plan to help her pay them off by April 2013.
