If you believe you have been mis-sold an Amigo loan – whether you’re a past or current customer (or guarantor) – you CAN still make a new complaint. Amigo has launched an online ‘scheme portal’ (a dedicated website) where you can submit your complaint. The deadline for submitting your complaint is 26 November 2022.
Can I get money back from Amigo?
How can I claim from Amigo?
Do I still have to pay my Amigo loan?
It is correct that your loan still legally exists. But as you have made a claim, Amigo may owe you some money… If your complaint is upheld, the interest would be removed from the current loan and any refunds from previous loans would reduce your balance.
What’s happening with Amigo loan claims?
What happens if I dont pay Amigo?
If you stop paying Amigo and win your complaint, all negative marks on your Amigo credit record will be removed. But if you stop paying other loans and credit cards in order to pay Amigo, when you win your Amigo case you will still be left with a wrecked credit record.
What happens if Amigo goes bust?
What will happen if Amigo loans go bust? If Amigo loans go bust then there might not be enough money left to pay to customers in compensation.
Do I still have to pay Amigo?
I owe money to Amigo Loans, do I still have to pay it? Amigo Loans are being investigated for irresponsible lending, but as they are still trading, you should continue to make payments, if you can afford them. If you can’t keep up with your payments, you should get debt advice.
What happens if a guarantor refuses to pay?
If your guarantor doesn’t pay, your landlord can take them to court. Your landlord might want to check your guarantor is able to pay the rent in the same way they’ve checked your ability to pay. For example, by carrying out a credit check. There is a legal requirement for a guarantee agreement to be in writing.
Will my amigo loan be written off?
If you stop paying Amigo and win your complaint, all negative marks on your Amigo credit record will be removed. But if you stop paying other loans and credit cards in order to pay Amigo, when you win your Amigo case you will still be left with a wrecked credit record.
Does Amigo Loans still exist?
We are aware that Amigo Loans’ application to enter a scheme of arrangement with its creditors (which includes both current and former customers of Amigo) was rejected by the Court on 24 May 2021.
Will my Amigo loan be written off?
If you stop paying Amigo and win your complaint, all negative marks on your Amigo credit record will be removed. But if you stop paying other loans and credit cards in order to pay Amigo, when you win your Amigo case you will still be left with a wrecked credit record.
Can I stop paying Amigo?
if you have paid more to this last loan than you borrowed, you can ask Amigo to let you pause paying until your claim is decided. This article looks at how this works and the pros and cons. if you haven’t paid that much, you can talk to your guarantor and just stop paying Amigo.
Do Amigo Loans still exist?
We are aware that Amigo Loans’ application to enter a scheme of arrangement with its creditors (which includes both current and former customers of Amigo) was rejected by the Court on 24 May 2021.
Can I sue Amigo Loans?
If you believe you have been mis-sold an Amigo loan – whether you’re a past or current customer (or guarantor) – you CAN still make a new complaint. Amigo has launched an online ‘scheme portal’ (a dedicated website) where you can submit your complaint. The deadline for submitting your complaint is 26 November 2022.
How do I get out of a Amigo loan?
How to stop paying Amigo. A borrower needs to cancel their direct debit to Amigo. And you also need to explain to your guarantor why you are doing this and why they too should not pay Amigo.
How can I rent without a guarantor?
You may be able to persuade your landlord to waive the need for a guarantor by offering them a larger deposit or 6 months’ rent in advance. This may give them the greater sense of security they are looking for. However, neither option is ideal and you may not have the money to make such a suggestion.
Should I still pay Amigo?
I owe money to Amigo Loans, do I still have to pay it? Amigo Loans are being investigated for irresponsible lending, but as they are still trading, you should continue to make payments, if you can afford them. If you can’t keep up with your payments, you should get debt advice.