When Jon Gomez required some cash that is quick fix a cooling fan in their 2007 Toyota, the 38-year-old distribution driver relied on a well known financial solution provided by Amscotâ€”The Money Superstore. The Cuban-American said he took down a $400 pay day loan at certainly one of their areas in Hialeah, Florida, where he lives.
All Gomez had to do was prove employment and write out a personal check from a valid bank account post-dated by 14 days, at which time he was set to receive his next paycheck to get the four Benjamins. He consented to repay the amount that is full and also a $41 finance fee, Gomez recalls.
“we repaid the $441, however the following day, we took away another $400 pay day loan because we required the cash,” he told VICE. “I became in this vicious period for 90 days.”