Amigo Loans help please

Pixie5740

Thankfully it seems that Amigo inform the guarantor when the borrow fails to make the repayments.

I think the OP means that the interest has been frozen rather than capped but what would I know, I'm just a bozo.

SilverSaloon

all i can say is good luck to the unfortunate guarantor....

he is going to need it. Lets hope his wife/other half knows that he has been guarantor for this... situations like this can easily break up lives. an, in the wors of the OP, well he can happily "jog on" leaving the trail of misery behind him.

with friends like OP, who needs enemies eh!?

AndyPix

selkirk44 wrote: »

lmfao........
yet again false post's by the know it all doom mongers who just love to put people down to make themselves feel better................ its interest capped bozo's
jog on

Your attitude is absolutely terrible.
Its likely this nonchalant attitude that made you have to go begging someone else if you could destroy their credit file in the first place, having done the same for your own.

Good luck for the future, your gonna need it.

Oh, and don't come on here asking for advice in a couple of months when you have killed off this agreement too.

:mad:

wiltsguy_2

so glad im not the guarantor on this loan....:rotfl:

OP my advice would be to try and pay the full amount, even if it means some hard cutbacks. And keep the guarantor informed every step of the way.

I cringe everytime i see the amigo advert on tv

d70cw6

oh this is absolutely delicious!

GG OP!

CHR15

Another guarantor to add to the ever growing list of victims.

What's the plan for next time you need to borrow money champ (hint: you won't be needing advice from a Loans forum)?

wiltsguy_2

CHR15 wrote: »

Another guarantor to add to the ever growing list of victims.

What's the plan for next time you need to borrow money champ (hint: you won't be needing advice from a Loans forum)?

a guarantor and his money are soon parted!

Dajwright

I am a guarantor for an old friend since the loan has been taken out we are no longer on speaking terms. The past 4-5 payments they have missed and I am sat here paying it for them. If I was to clear the loan would I win in a small claims court to retrieve all the money from them? And help with this will be highly appreciated.

Gaz83

Probably not. You agreed to meet the person's repayments. You (presumably) don't have an agreement between you and your friend saying he would owe you the money.

Even if you did, and if you did take him to a small claims court, and even if you won, you might not get any money back. Particularly if he doesn't have any money to give.

Valli

Dajwright wrote: »

I am a guarantor for an old friend since the loan has been taken out we are no longer on speaking terms. The past 4-5 payments they have missed and I am sat here paying it for them. If I was to clear the loan would I win in a small claims court to retrieve all the money from them? And help with this will be highly appreciated.

You could well win; if, however your former friend doesn't have the money you still might not get it. Given the repayments aren't being made it look like the money isn't there.