Amigo Loans Irresponsible lending complaints thread

robboa

Hi all

Now you can complain against this horible company to the ombudsman and with over 83 percent of cases siding with the creditor - i thought i'd start this thread for success stories.

ndf9876

I'm going to assume you actually mean debtor; 83% in favour of the creditor would mean complaints against Amigo Loans would have been mostly in their favour.

Anyway, surely Amigo Loans have been regulated by the FCA for a while now?

sourcrates

ndf9876 wrote: »

Anyway, surely Amigo Loans have been regulated by the FCA for a while now?

From FCA register :

Status Effective Date This is the date from which the Current Status has applied :

22/06/2016

SnowTiger

robboa wrote: »

Hi all

Now you can complain against this horible company to the ombudsman and with over 83 percent of cases siding with the creditor - i thought i'd start this thread for success stories.

ndf9876 wrote: »

I'm going to assume you actually mean debtor; 83% in favour of the creditor would mean complaints against Amigo Loans would have been mostly in their favour.

Anyway, surely Amigo Loans have been regulated by the FCA for a while now?

https://www.financial-ombudsman.org.uk/data-insight/ombudsman-decisions:

from 20th September 2017 to 20th September 2019: 8 complains upheld; 41 complains not upheld.

glennstar

sourcrates wrote: »

From FCA register :

Status Effective Date This is the date from which the Current Status has applied :

22/06/2016

Amigo was originally registered by the FSA. All companies with a lapsed Interim Permission were migrated from the FSA to the FCA in 2015/2016. They were issued an Interim Permission and then had to apply for their lending license again, hence the 2016 date.

glennstar

robboa wrote: »

Hi all

Now you can complain against this horible company to the ombudsman and with over 83 percent of cases siding with the creditor - i thought i'd start this thread for success stories.

Have you had a success story? It seems odd you might want to single Amigo out if you haven't had a relationship with them. Why are they a "horible company"? I could probably come up with a good list, but I'm interested in your motivation.

[Deleted User]

robboa wrote: »

Hi all

Now you can complain against this horible company to the ombudsman and with over 83 percent of cases siding with the creditor - i thought i'd start this thread for success stories.

That nasty company, lending money to people and then expecting it to be paid back. Outrageous!

It's the people who are so terrible with money and drag their friends and family into paying their debt off that are horrible. Is there anything more !!!!less than persuading someone to guarantee a loan and then not paying it?

Caz3121

robboa wrote: »

and with over 83 percent of cases siding with the creditor - i thought i'd start this thread for success stories.

SnowTiger wrote: »

from 20th September 2017 to 20th September 2019: 8 complains upheld; 41 complains not upheld.

OP are you hoping some of the 8 successful claimants are on here to share their story?

[Deleted User]

Oh behave, you really think some of the darlings at the FOS who now have to work as late as 8pm (they never use to) are really that bit interested.

Go on, try ringing past 6pm and note the quality you might speak to.

onwards&upwards

camelot1971 wrote: »

That nasty company, lending money to people and then expecting it to be paid back. Outrageous!

At nearly 50% interest, you don’t think that’s outrageous?

Willing2Learn

Personally, I do not think 50% is outrageous. Their target market are for borrowers with a poor credit history. Borrowers who are unable to get a loan without a guarantor. The borrower has the choice whether or not to accept the lenders terms and conditions.