$505 million in refunds sent to payday loan customers

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If you took out an online payday loan from a company affiliated with AMG Services, you may be getting a check in the mail from the FTC. The $505 million the FTC is returning to consumers makes this the largest refund program the agency has ever administered.

The FTC sued AMG and Scott A. Tucker for deceptive payday lending. When consumers took out loans, AMG said they would charge a one-time finance fee. Instead, AMG made multiple illegal withdrawals from peoples’ bank accounts and charged hidden fees. As a result, people paid far more for the loans than they had agreed to.

In 2016 the FTC won a court case against AMG and Scott Tucker. Then in 2017, a jury convicted Tucker and his attorney of crimes related to the lending scheme. The FTC and Department of Justice are using money obtained in both court actions to give refunds to consumers.

Here are answers to questions about AMG refunds.

Who will get a refund? Checks are being sent to consumers who took out loans between January 2008 and January 2013 from these AMG-related companies: 500FastCash, Advantage Cash Services, Ameriloan, OneClickCash, Star Cash Processing, UnitedCashLoans, and USFastCash.

How many people will get refunds? More than 1.1 million people will get refunds.

How does the FTC know who to send the checks to? The FTC and a refund administrator have used AMG’s business records to identify eligible consumers and calculate their refunds.

I’m eligible for a refund. What do I need to do? If you borrowed from one of the lenders listed above between January 2008 and January 2013, you don’t need to do anything. The checks are being mailed to eligible consumers automatically. There is no application process. If you borrowed from one of those lenders before January 2008, please call 1-866-730-8147.

How can I get more information? Visit the FTC’s AMG refund page or call 1-866-730-8147.

Three tips from the FTC:

  1. If you get a check, deposit or cash it within 60 days.
  2. The FTC never asks people to pay money or give information to cash refund checks. If someone asks you to pay to get a refund from the FTC, it’s a scam.
  3. The FTC has advice if you’re thinking about a payday loan or an online payday loan.
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Money & Credit


Yup, for partial refund for illegal fees that you were charged for a pay day loan.

Yes I got one saying partial refund.

I did, mine said partial refund. Does it mean more to come?

Mine says partial refund

Yes i did

I have.

Yes, I got one that says partial refund too. Does that mean another check is coming???

The letter you got from the FTC said your check is a partial refund. It says partial refund because the amount of your check is less than the total amount you paid to AMG Services, Inc. when it illegally charged you undisclosed and inflated fees. The FTC has sent out all the money that is available.

Yes, my check says "partial refund".

Yes. My letter said partial refund as well

Yes mine says partial refund also and I'm worried that when I was at my PO Box several weeks ago I had a lot in there and rush through things and might have tossed one it looks like junk mail. U.s. bank would not cash mine today because it was over $2,000 made me mad also I tried to cash it at a check cashing place but they couldn't get through to anyone at the number to verify it was legit. Hopefully I won't have trouble with Citibank I had closed the account last year and attempted to reopen it today have to check back with them Monday that they will reopen it

Mine says partial too not sure why though...in the letter it also said the check was my share so I don't get the partial refund part

The letter you got from the FTC said your check is a partial refund. It says that because the amount of your check is less than the total amount you paid to AMG Services, Inc. when it illegally charged you undisclosed and inflated fees. The FTC has sent out all the money that is available.

I also received a check and the letter stated that this was a partial refund. Does this mean I another check in on the way?

yes I received a letter and a check saying this is a partial refund for illegal finance fees. Does that me I will get another check.

Yes Mine said partial check. Does that mean we receive another check sometime?

Yes I have...

why would the FTC post something that was not legit on their site? you don't want your check sign it over to me! lol

Received mine today! WOW!!!!! I hella overpaid. My birthday was on the 2nd. Happy damn birthday to me!

Exactly for goodness sake cash the dang check smh.

Totally legit..I got mine for $370 today. Cashed no problem.

Yes this check is legit. I cashed my check today.

yes it is

Yes this is legit, I got 2 checks in the mail.

if you don't mind me asking how much was your 2 checks and what was the time difference between the checks

Yes it is..i deposited mine..

It’s legit! I cashed ALL four of my checks at US Bank. They are well aware of these checks. If you have not done so already, cash your check(s) before the deadline.

Its very legit I got mine for $1,695.00 came right when i was dead broke.

I contacted US Bank, they said it was a valid check

Did you cash the check? I received one over the weekend and I am afraid to cash it,

I tried cashing check at walmart and the check was rejected they would not cash it. Any suggestions?

try cashing check walmart would not cash it

Yes! I received my check today and immediately deposits it within my bank! Thank you!

Have you cashed the check is it legit?

I receive mines 2 days ago but I'm having trouble cashing it

Walmart denied my check. So I am now wondering do I mobile deposit it? Has anyone mobile deposit there check and got money back?????

Yes I mobile deposit

Did you have a problem cashing it?

Is this legit or a scam

I received a check on 10/01 for $361.61, they are legit. Any website that end with “.gov” is legit. The notice attcotonthe check referred me to www.ftc.gov. Very unexpected but well deserved.

i got it yesterday, i am a little hesitant. has anybody messed with your account like making it likes a good check. because i am scared that it good be a fake or unsufficient funds on thier behalf

I tried to cash mine yesterday and it was declined. Anyone else have this issue?

Are these checks legit I got one as well

Received mine today!

I got a check today October 1st....GOOGLED it it's for real those are the dates I had gotten payday loans!! Finally a real check and not one of those BOGUS one's!!!

Got mine today but having issues cash it. Even Walmart reject the cm. Any suggestions?

The checks are fake. They do not read through the machines at the bank

I received mine Saturday. I will worn you that I almost just threw it away thinking it was just junk mail before I even opened it because it was so plain. Check all mail!

On the front of the letter it says "presorted"" which usually is junk mail. So thankful I opened it for some reason. I will now be opening all mail!!! Glad you didn't throw yours out either.

I got mine today and I was pretty suprised in the amount I got..


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