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Amscot - the Money Superstore in Hialeah, FL
No stored Google rating available.
Florida-based lender offering payday loans (cash advances) up to $500 and installment loans up to $1,000 with no credit checks and same-day funding at 24-hour locations.
Data compiled from public sources
Amscot - the Money Superstore Review
Amscot - The Money Superstore has operated in Florida since 1989 and has become a reported financial services provider across the state. The company is licensed by the Florida Office of Financial Regulation (OFR) and registered with FinCEN as a Money Service Business, operating under state and federal payday loan regulations.
Amscot's primary offerings are payday loans (branded as "Amscot Cash Advances") up to $500 with provider-stated funding timing and eligibility claims to verify, plus installment loans ("Installment Cash Advances") ranging from $100 to $1,000 with flexible repayment terms. Beyond lending, they provide ancillary financial services including check cashing, money orders, wire transfers, bill payment, notarization, ATM access, fax services, and stamp sales. All locations operate 7 days a week, with many branches open 24 hours year-round.
Amscot distinguishes itself through operational convenience—customers walk out with physical cash in minutes with eligibility claims to verify—and regulatory compliance. The company is a member of INFiN (Industry네트워크 for Financial Inclusion Networks) and adheres to their "Best Practices" standards. They also observe federal protections for active military members and their dependents, declining to offer cash advances to these groups.
While Amscot serves a genuine need for fast short-term funds, consumers should recognize that payday and installment loans carry high costs not disclosed on this landing page. The lack of credit checks is a feature designed for accessibility but also reflects the high-risk nature of these products. Borrowers should carefully review terms, fees, and APRs before committing, as these loans are intended as short-term emergency solutions, not long-term financial products.
Services & Features
ATM access
Bill payment processing
Check cashing
Copy services
Fax services
Installment loans (Installment Cash Advances) $100-$1,000
Money orders
Notarization
Payday loans (Cash Advances) up to $500
Stamp sales
Wire transfers
Feature Checklist
Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection
Pros & Cons
Pros
- eligibility claims to verify—accessible to consumers with poor or no credit history
- Same-day cash funding in minutes after approval
- Open 365 days a year with many 24-hour locations for maximum accessibility
- Wide range of complementary services (check cashing, money orders, wire transfers, notarization) in one location
- Licensed and regulated by Florida OFR and compliant with state and federal payday loan laws
- Member of INFiN and adheres to industry best practices standards
- Respects federal military lending protections by declining cash advances to active military and dependents
Cons
- No APR or cost information disclosed on this landing page, making true cost comparison difficult
- Payday loans are typically high-cost products with fees and interest rates that can exceed 400% APR when annualized
- Maximum loan amounts ($500 cash advance, $1,000 installment) are modest and may not fully address larger financial emergencies
- State-only operation (Florida only) limits access for consumers outside the state
- Debt cycle risk: designed for short-term use but borrowers often renew or roll over loans, creating prolonged debt
Compare Personal Loan Options
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State Consumer Finance Context
This is state-level context for Emergency Cash consumers in Hialeah, FL. It does not confirm that Amscot - the Money Superstore or this specific location is licensed.
State regulator
Florida Office of Financial Regulation
Consumer protection
Payday loan rules in Florida
Status: Permitted
Rate context: Maximum fee of $10 per $100 borrowed (minimum $10-$300 range) or $15 per $100 borrowed ($300-$500 range)
Amount context: $500
Term context: 31 days
Regulated under Fla. Stat. § 560.403. Borrowers tracked via the statewide deferred presentment database to prevent multiple simultaneous loans. A mandatory 24-hour cooling-off period is required between payday loans.
Installment loan rules in Florida
Status: Permitted
Rate context: Tiered rate caps under the Florida Consumer Finance Act (Fla. Stat. § 687.101-687.308): rates vary based on loan amount and structure; maximum rates generally range from 18-25% depending on loan size and repayment terms
Installment lenders must be licensed by the Office of Financial Regulation. The Consumer Finance Act establishes specific rate schedules for different loan amounts.
Key state rules to check
- Payday loans (deferred presentment) capped at $500 with maximum fee of $10 per $100 ($300) or $15 per $100 ($300-$500).
- Borrowers can have only one outstanding payday loan at a time, tracked via a statewide database.
- A mandatory 24-hour cooling-off period is required between payday loans.
Complaint resources
- Florida Office of Financial Regulation (OFR) - State Regulator
- Florida Attorney General Consumer Protection Division - State AG
- Consumer Financial Protection Bureau (CFPB) - Federal
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
Frequently Asked Questions
What services does Amscot - the Money Superstore offer?
Amscot - the Money Superstore offers 11 services including Payday loans (Cash Advances) up to $500, Installment loans (Installment Cash Advances) $100-$1,000, Check cashing, Money orders, Wire transfers, and 6 more.
What profile signals are listed for Amscot - the Money Superstore?
Amscot - the Money Superstore has profile signals associated with Florida residents researching short-term cash access ($100-$1,000) for urgent expenses without credit approval delays, Unbanked or underbanked consumers with poor credit who cannot access traditional loans, Individuals facing short-term cash flow gaps who can repay within weeks or a single pay cycle.
What are the strengths and weaknesses of Amscot - the Money Superstore?
Key strengths: eligibility claims to verify—accessible to consumers with poor or no credit history; Same-day cash funding in minutes after approval; Open 365 days a year with many 24-hour locations for maximum accessibility. Areas to consider: No APR or cost information disclosed on this landing page, making true cost comparison difficult; Payday loans are typically high-cost products with fees and interest rates that can exceed 400% APR when annualized.
How does Amscot - the Money Superstore compare to similar companies?
In the Emergency Cash category, comparable providers include Montana Capital Car Title Loans, Swift Title Loans, MVP Car Title Loan. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
Quick Facts
- Headquarters
- 18590 Ludlam Rd #102, Hialeah, FL 33015
- BBB Accredited
- No
CreditDoc Profile Note
Research Note on Amscot - the Money Superstore
Amscot is profile signals for Florida residents in genuine financial emergencies who are researching short-term cash access and lack access to traditional credit. However, the critical caveat is that payday and installment loans are expensive short-term products—not solutions—and borrowers must understand the full cost structure (fees, APR, renewal risks) before committing, as this landing page does not disclose pricing.
Profile Signals
- Florida residents researching short-term cash access ($100-$1,000) for urgent expenses without credit approval delays
- Unbanked or underbanked consumers with poor credit who cannot access traditional loans
- Individuals facing short-term cash flow gaps who can repay within weeks or a single pay cycle
Updated 2026-04-29
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Quick Summary
- Amscot - the Money Superstore is listed as a Emergency Cash provider in Hialeah, FL on CreditDoc.
- Use this page to check contact details, location, listed services, review signals, FAQs, and similar providers before deciding what to do next.
- If you need a loan, account, installment option, credit help, or debt support, start with the fit quiz and compare alternatives before contacting a provider.
- For broader context, continue into the free Credit Fundamentals course or a relevant financial wellness guide.
Next Steps
Find contact or location Check phone, address, map, and website availability. Check specific services See whether the provider lists the help you need. Review fit context Use the quiz to compare category, service, and public-rating fields. Compare alternatives Review similar providers before making contact. Improve your position What Your Credit Score Actually Means: Number-by-Number Breakdown Learn the basics Start the free Credit Fundamentals course.
Financial Wellness Guides
What Your Credit Score Actually Means: Number-by-Number Breakdown
A plain-English breakdown of every credit score range — what each number actually means for your loans, cards, and daily life, plus exactly what to do about yours.
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Read guide →Financial Terms Explained (10 terms)
New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.
Interest & Rates
APR — Annual Percentage Rate
The total yearly cost of borrowing money, including the interest rate plus any fees the lender charges. Think of it as the 'true price tag' on a loan.
Why it matters
Lenders are required to show APR by law (Truth in Lending Act) because the interest rate alone can hide fees. Comparing APR across lenders is the most reliable way to find the lower-cost loan.
Example
You borrow $10,000 at 6% interest for 3 years, but there's a $300 origination fee. The interest rate is 6%, but the APR is 6.9% because it includes that fee. You'd pay $304/month and $946 total in interest.
Compound Interest
Interest calculated on both the original amount borrowed AND the interest that's already been added. It's 'interest on interest' — and it makes debt grow faster than you'd expect.
Why it matters
Credit cards and many loans use compound interest. If you only make minimum payments, compound interest is why a $3,000 balance can take 15 years to pay off.
Example
You owe $1,000 at 20% annual interest compounded monthly. After month 1 you owe $1,016.67. Month 2, interest is charged on $1,016.67 (not $1,000), so you owe $1,033.61. After 1 year without payments: $1,219.
MAPR — Military Annual Percentage Rate
A special APR calculation used for military servicemembers that includes ALL costs — fees, insurance, and add-ons — capped at 36% by federal law.
Why it matters
The Military Lending Act protects active-duty servicemembers and their families from high-cost lending. Any lender charging above 36% MAPR to military is breaking federal law.
Example
A payday lender charges a $15 fee per $100 borrowed for 2 weeks. For civilians, that's technically legal in some states. For military: that works out to 391% MAPR — illegal under the MLA.
Usury Rate — Usury Rate (Interest Rate Cap)
The maximum interest rate a lender can legally charge in a particular state. Charging above this rate is called 'usury' and is illegal.
Why it matters
Usury laws are your main legal protection against predatory interest rates. But beware: some states have weak or no usury caps, and federal banks can sometimes override state limits.
Example
New York caps interest at 16% for most consumer loans (25% is criminal usury). If a lender tries to charge you 30% in NY, that loan is unenforceable — you could fight it in court.
How Loans Work
Collateral — Loan Collateral
An asset you pledge to the lender as security for a loan. If you stop paying, the lender can seize and sell that asset to recover their money.
Why it matters
Secured loans (with collateral) have lower interest rates because the lender has less risk. But you could lose your home, car, or savings if you default.
Example
A mortgage uses your house as collateral. A car loan uses your vehicle. A title loan uses your car title. If you miss payments, the lender can foreclose or repossess.
Fees & Costs
Late Fee — Late Payment Fee
A charge added to your account when you miss a payment deadline. Most credit cards charge $29-$41 per late payment, and many loans have similar penalties.
Why it matters
The fee itself hurts, but the real damage is to your credit score. A payment 30+ days late stays on your credit report for 7 years and can drop your score 60-110 points.
Example
Your credit card payment of $150 is due March 1. You pay on March 18. The bank charges a $39 late fee. If it's 30+ days late, it gets reported to credit bureaus and your 760 score drops to 670.
NSF Fee — Non-Sufficient Funds Fee
A fee your bank charges when a payment bounces because there isn't enough money in your account. Also called a 'bounced check fee' or 'returned payment fee.'
Why it matters
NSF fees hit you twice — your bank charges you AND the company you were trying to pay may charge their own returned payment fee. That's $50-70 for one missed payment.
Example
Your auto-pay tries to pull $350 for rent, but you only have $280 in checking. Your bank charges $35 NSF fee. Your landlord charges $25 returned payment fee. Total damage: $60 in fees.
Legal Terms
Usury — Usury (Illegal Interest)
The practice of charging interest rates higher than what the law allows. Usury laws set state-specific caps on how much lenders can charge.
Why it matters
If a lender charges usurious rates, the loan may be void, penalties can be reduced, or you may be entitled to damages. Know your state's limits.
Example
Your state caps consumer loans at 24% APR. An online lender charges you 36%. That loan may be unenforceable, and you may only be required to repay the principal — no interest or fees.
Credit Cards
Cash Advance — Credit Card Cash Advance
Using your credit card to get cash from an ATM or bank. It's one of the most expensive ways to borrow — higher interest rate, immediate interest accrual (no grace period), and an upfront fee.
Why it matters
Cash advances are a repeat-borrowing risk: 25-30% APR with no grace period plus a 3-5% fee. Interest starts the second you withdraw, not at the end of the billing cycle.
Example
You take a $500 cash advance. Fee: $25 (5%). Interest: 28% APR starting immediately. After 30 days, you owe $536.67. After 6 months of minimum payments, you've paid $85 in interest on $500.
Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.
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