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Amigo Loans sets itself on the block – what it indicates for borrowers and may you nevertheless repay loans?

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Amigo Loans sets itself on the block – what it indicates for borrowers and may you nevertheless repay loans?

GUARANTOR loans company, Amigo, has placed it self on the block when confronted with exactly exactly what it calls a “challenging operating environment” that is seen other comparable loan providers get under.

As the loan provider claims it “remains confident”, its owners state they have been concerned by “increased pressure” and whatever they say may be the changing approach of this Financial Ombudsman provider to complaints.

Pay day loan complaints soared by 130 % in 2018 (the newest figures available) with all the Ombudsman dealing with almost 40,000 brand new complaints.Read More »Amigo Loans sets itself on the block – what it indicates for borrowers and may you nevertheless repay loans?