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$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


My husband died in 2016. He had taken out many payday loans over that amount of time. I am the executor. Will his money still come to me?

If you got a check made out to someone who is deceased, and you are in charge of that person's estate, you can call Rust Consulting, the company that the FTC hired to manage the refund process. Call 1-866-730-8147. They will explain what to do.

My bank was leery about depositing my checks. They put a hold on my deposit for 7 business days.

My bank has also placed a 7 business day hold on my deposit.

my bank is holding mine for 7 days

The letter I received said it was a partial refund. Does this mean I will receive another check as well?

How do I find out if I’ll receive a check?

I believe as long as your DL is updated they will find you...they found me and I have moved 5 times since dealing with one of these payday loan companies.

Kudo’s Consumer FTC!!!

I did take loans out during that time and I believed they were taking more out of my check even after it was paid. I have moved since then but would like to know if I am listed. How do i go about finding out?

is there a list I can check to see if we are on it

I did cash advance loan in person not on line will I receive a check for that at that time of the year. is there a number I can reach someone and talk too them about it

I am eligible for a refund

I am eligible for refund

Loanmart. Are these folks Included? How do we get them off your back? They have my car want my money too..

I am a victim of identity fraud! How do I know if person who defraud me got this type of loan? Thank you, Christina M

You can report identity theft at You will get a personal recovery plan, a report to law enforcement and the letters and forms you need to contact businesses to fix problems. Order a copy of your credit report and read it to see if the thief took loans or opened new accounts in your name.


Another bogus call just received: If you want your money refunded call 1-877-951-9501. I am so glad I learned how to "block" these idiots. I wonder how many people actually fall for it.

Is Advance Financial included in this or Speedy Cash both in Tennessee? If not they need to be investigated.

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.

Why do they have to be cashed within 60 days?

Bridget, what if these companies are still operating in the NJ/NY area? I know 500FastCash is.

Hi Bridget - The letter I received indicated that I received a portion of the settlement. After reading other blog post, it appears that consumers are receiving multiple refund checks. How are multiple refund checks being determined? Thank you.

The FTC tried to combine information about accounts so it could send one check to each person. But sometimes it wasn't clear whether information was about one person or two people. When information was not clear, we did not combine it. For example, we did not combine accounts that had a maiden name and a married name, or accounts that had one name but two addresses. When we saw that, we sent separate checks.

My letter says it is a partial payment. Does that mean we will recieve multiple paymants?

i got mine today

Just curious is it a check worth getting?

Mine was over $1,000!

Yes mine were over $1000

My check was $96.00.

Absolutely! Got mine today knew nothing about this and my jaw dropped!

I got mine today and it was 164.

Absulutely! Got mine today and I knew nothing about this , imagine my surprise when mine was over $3000! I also moved to a different state 5 years ago and it was mailed to my current address.

Lisa- did you get the funds from the bank or did they put a hold
On it?

My ck was for $1,418.00. I’m just afraid it’s not real. Calling the FTC in the morning. I did use Ameriloan.

Mine was 628$ and my husbands 608$

My check was $1,769. It was worth it to me!

I tried cashing it at Walmart but got denied. Did u cash yours?

It's worth it. I complained about oneclickcash years ago but I got a refund yesterday for over 3 grand so yeah definitely worth it

Yes mine is nearly $4000!


Ours was definitely worth getting.

Mine is for over $4k

my was too, did you cash yours, chase bank has a hold on mine

Mine was over $5000

Absolutely it is! Mine was worth $1579.00!!!

I got a check for over $700 took to USbank, cashed it. No questions asked. My letter said it was a partial refund, so does this mean I’ll receive another? I had multiple payday loans

I am wondering how much the refunds are for?

I just got my check, over $500!


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