Amigo / FLM Loans - Guarantors Please be careful!!

FinanceForEveryone

meer53 wrote: »

Quite an insult really to those who use these companies responsibly, who are in the majority.

I said that was what they had my target profile as, not necessarily reflective of their entire customer base - that's your inference. Although summing up other people's responses in this thread would seem to indicate that the type of person likely to go for this type of product is not a million miles away from this.

FinanceForEveryone

meer53 wrote: »

The only ones you will hear about are the ones who don't stick to their agreements.

That doesn't prove anything. Most people that do stick to the agreement just end up suffering in silence, having to pay back the loan often double or nearly triple the original amount. They could hardly come forward and complain as everyone would just say "it's your fault you shouldn't have signed up to it", so you don't hear about these cases.

I would prefer to take the view that to err is human...but to learn from other's mistakes is better...and to warn others is at least considerate!! I would hope someone would do the same for me.:A

Would you recommend these guys to your close friend or family? If the answers "No", then I don't understand why people would go at great lengths to defend the likes of these loan sharks :mad:

Tiddlywinks

FinanceForEveryone wrote: »

Would you recommend these guys to your close friend or family? If the answers "No", then I don't understand why people would go at great lengths to defend the likes of these loan sharks :mad:

The company appears to be acting legally...

There are so many issues out there - why have you chosen this as your crusade?

Really, I am genuinely interested.

FinanceForEveryone

Tiddlywinks wrote: »

The company appears to be acting legally...

There are so many issues out there - why have you chosen this as your crusade?

Really, I am genuinely interested.

I'm not sure they are acting legally. As already stated, their Advertising is misleading and on top of this has been relentless and aggressively targeted at me!! :mad: They've already got a reputation for illegal dealings in the past and I don't think this latest loans product is much different. We've been through this at length on this thread, even their email from the Owner was suspect.

Hence, they have now succeeded in fully getting my attention, as was their intention, and having researched this I intend to make my views know publicly as much as necessary to warn others and really explain what this product is and the likely consequences of getting an Amigo Loan.

It's become a bit of a crusade as a result of an unexpected number of other MSE contributor's in the Loan section trying to justify and defend this organisations practices and product. It would seem to me that around half of the replies in this thread are from people with either vested interests in Amigo Loans, or interests to other similar loan products. Again, very surprising for a 'money saving' forum...

FinanceForEveryone

Link to the LoveMoney article, I originally read and mentioned in this post:
Amigo Loans and the dangers of being a guarantor:
http://www.lovemoney.com/news/credit-cards-current-accounts-and-loans/loans/15679/amigo-loans-danger-guarantor-50-apr

dkmattnel

I received in the post today a letter from Amigo Loans with a enveloped marked 'Please Mr Postman , get this letter to myself by Xmas' or some rubbish.

The letter was from a Mr David Sturgess who introduces himself as the 'Payout Manager' of Amigo Loans and that they could lend me £3000 if I apply by the 19th December to be paid out by Xmas.

All I need to apparently is put the application in the post and quickly to avoid delay.

I applied for an Amigo Loan about 2 years ago! This letter did not clearly state how I can unsubscribe from their marketing.

So for a company which states 'it's not in it for the money' and one which likes to parade as offering a service to people in need, why do they need to directly market people like myself to get into more debt.

You question FinanceForEveryone for having a gender against Amigo Loans? I completely understand the reason for his anger. I am absolutely furious right now. Being in debt those years ago was one of the worse times of my life and offers to get me more and more into debt nearly caused me to have a breakdown.

Amigo are currently clearly trawling through years of data to market as part of a Xmas campaign for Xmas. And this is a company who are a bunch of designers and programmers and whatever right?

Disgusting, disgracful, how the hell do I stop these people from targetting me? How do I unsubscribe?

Apples2

dkmattnel wrote: »

why do they need to directly market people like myself to get into more debt.

Maybe because you are a previous customer of theirs?

dkmattnel wrote: »

I am absolutely furious right now.

I feel your pain man! Amazon do the same to me, just because I bought goods from them, they feel obliged to pester me trying to tempt me back again.

dkmattnel wrote: »

You question FinanceForEveryone for having a gender against Amigo Loans?

I vote female...

dkmattnel

Apples2 wrote: »

Maybe because you are a previous customer of theirs?
I feel your pain man! Amazon do the same to me, just because I bought goods from them, they feel obliged to pester me trying to tempt me back again.
I vote female...

Sorry, are you taking the p***?

Let me firstly state I was never a previous customer of Amigo. I sent an application for a loan about 2 years ago. Actually to FLM as they were. I never completed the application.

And I have never received a pack through the post from Amazon, offering me bargains, ley alone with absolutely no way of unsubscribing from their marketing.

Oh and great grammar correction. You must be really intelligent. I feel so inferior.

By letter of the law, these packs have no clear unsubscribing procedure and are sent without the applicants/customers permission. They are unsolicited. Spam.

The ICO say this

"This legislation says that organisations must only send marketing to individuals if you have agreed to receive them, except where there is a clearly defined customer relationship"

Anyone receiving these packs should, like myself, send a formal complaint to the ICO

FinanceForEveryone

@Dkmattnel I think he was taking the p@@@. Insensitive and not particularly intelligent given that you never said you were a customer of theirs. There's no comparison between Amigo Loans and Amazon, other than that they both start with 'A', so that was a completely ridiculous comparison!

FinanceForEveryone

@Dkmattnel - best way to avoid this (as I have found out) is to register your address with the Mailing Preference Service: http://www.ico.gov.uk/for_the_public/topic_specific_guides/junk_mail.aspx

But you are right to register a complaint with the ICO, I don't think they can hold your data for more than 12 months etc. anyway