UPDATES In May 2021 the court rejected the Amigo Scheme accepting the arguments of the FCA that it was not the fairest that could be proposed to customers. See Court rejects Amigo Scheme of Arrangement for details. In December 2021 Amigo published the proposals for its Second Scheme. See Amigo's new Scheme for the latest news. Amigo announced on 21 December 2020 that it is seeking … [Read more...]
Articles about Amigo
These articles are about Amigo itself, the company and its finances.
In March 2023 it announced that it could not raise the money it needed from shareholders so it will be would down and liquidated.
Amigo's Scheme continues in the Fallback option, but there will be less money for refunds.
For articles about guarantor loan complaints, including the templates for how to complain if you are a borrower or if you are a guarantor, see Guarantor loans complaints.
Amigo won’t give complaint details in July 2020 & the board room bust up
This article summarises four articles: three that looked at how Amigo has reported to shareholders about complaint numbers in 2019 and early 2020 and one about the major Amigo board room and shareholder battles in 2020 Affordability complaints about guarantor loans First, as background, what are these complaints about? Although the existence of the guarantor gives Amigo additional comfort it … [Read more...]