Amigo Loans really are an evil company

T-G-C

Pixie5740 wrote: »

Helpful in what way? This thread was started in July and the OP hasn't logged in since August. The OP is long gone and hopefully took the advice to contact one of the debt charities.

Some other disgruntled Amigo customer resurrected the thread earlier this month to warn others about Amigo being evil and then you waded in wanting to make call center staff sob for simply doing their job.

I have my opinion about it, you have your opinion about it. We can argue about this until the next eclipse, but like you said, the OP has gone and won't see it.

I am always respectful and polite to call center staff when I phone companies. I would not give someone a hard time for doing their job unless they were unnecessarily disrespectful and rude, in which case it would only be fair for me to mirror the same response. When I read the person in question's post about being passive aggressive and raising their voice, especially with the situation they were in, I would have done as I said and showed them I am not being spoken down to like a rat up a drainpipe.

ReadingTim

T-G-C wrote: »

I am not sure I agree with your point about people gaming the system. If Amigo allowed people to wipe their debts with a sob story, then of course I would agree that it is open to abuse, however offering more options to borrowers who cannot pay, such as the same types of payment arrangements that non-guarantor lenders would make, should be exercised first before going to the guarantor. People gaming the system would not benefit from this change, because they still have to pay the debt regardless, so they are not getting anything out of it.

...

People do not want to borrow from loan sharks or legal loan sharks like Amigo, but the pressures of life force them into doing it. If it means putting food on the table or in this case, burying their child, then so be it. It comes down to the business and their practices, who they are aimed at etc. rather than the vulnerable borrower. If someone has the moral and ethical attitude of being in a dire financial situation but still wanting to honor their debt with the lender through an agreement, this is much more admirable than someone walking away and discharging the debt to their trustee. The whole industry needs reform, including payday lenders. A business like Amigo is targeted at the desperate and takes full advantage of that.

People lie and cheat/game the system all the time - head over to the debt free wannabe board and many of the posts are about debts being statue barred, whether the correct process has been followed etc, not the principle of whether the money was borrowed/is still owed. As with any rule or law, there will be those who follow the letter of the law, but not the spirit, and look for loopholes; and that's exactly what is happening there on a daily basis - you're either being hopelessly naive or wilfully obtuse to think otherwise.

Furthermore, whilst "the system" may need some reform, so do people's expectations - credit is a privilege not a right, and there are some who frankly, cannot or should not be allowed to borrow money as they either lack the resources (or possibly the willingness) to repay it.

ncvireland

It is annual, not not monthly

foxy-stoat

ncvireland wrote: »

It is annual, not not monthly

Wrong thread

nguyeny

Amigo just want the payments to be made, maybe defaulting is an option, speak to 1 of the debt charities.

rickhm33

I'm interested to see how realistic the "49.9% indicative rate" actually is. Has anyone taken out a recent loan, in which case can you provide me with basic information (ie nothing personal about you) - amount of loan, term, interest rate and monthly repayments. Thanks

[Deleted User]

It'll be realistic for 51% or more of the successful applicants. Others will get more.

Kaiktin

So here’s a thing. I came to this thread thinking it’ll help me.

But actually it’s made me feel desperately sorry for the OP and worse about myself too.
Being in a similar situations, struggling, wanting to sort things out with just a little helping hand - I thought some of you might have a few more interesting tips or tricks.

“SPEND LESS!!!” seems to be the common answer - well no sh*t!!

Ya’ll have been rude and judgmental, not helpful at all.
The OP is obviously going through the worst time ever at the moment and all you lot can say is “it’s your problem grow up!” No wonder they’ve not been on since last August, they’re probably in a worse situation now.

And don’t you dare say “but I did help, she just didn’t listen and wasn’t being clear” she’s scared worried and grieving, emotional answers will always overshadow practical ones.
Have a little patience and compassion.
Jeez!

Came to this site for help, not judgement.
Some of you need to take a good hard look at how you’ve replied to this poor woman, Pixie5740 and ReadingTim I’m looking at your for some of those more recent posts. Just bad form guys.

I really don’t care about your “just telling it like it is, people need to get a grip” responses and attitudes, you’ve been rude and any help you could give will be overshadowed by your obnoxiousness.


Peace out ✌️

dealer_wins

Kaitain go to the DFW board and post your SOA, You can be sure that the helpful people there will make sure you are not overspending on anything.

Regarding you finding posts rude, you have to remember that people are signing a contract, and the company is LENDING their money, and expect it back as agreed, regardless of the circumstances it was lent in. Yes all manor of horrible things happen in life, but the cold hard facts are that if you agree to borrow money then you need to pay it back as agreed.

fwor

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