thecomplaintscentred around affordability and mis-selling concerns. Where a customer’s complaint is upheld, Amigo must refund the interest paid or update the outstanding balance. However, it cannot afford to pay all the compensation claims in full. The sub-prime lender is not offering loans at ...
recent events amigo loans reported back in may that there was a potential buyer who would be willing to pay £100 million for the company. which, on its own, truly surprised me considering the abysmal state that amigo loans is currently in and the continuous capitulation the company's valua...
“Once the scheme has started going through the courts and we’ve agreed the go forward business model with the FCA, then we can turn our attention to lending. We’ve seen our customer base shrink by over 30 per cent over the last 12 months, as they’ve settled or finished t...
The old business — giving loans to people who never should have loans — we are not going to reopen that. That is maybe the worst business idea whatsoever. His main focus seems to be the nascent payments firm Payzinos, which he envisions offering bridging loans to businesses: Don’t give...
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