Are Amigo loans going into administration?

jonesMUFCforever

poppy10_2 said:

Amigo loans were being kept afloat by well known sucker Neil Woodford pumping money into them. Now that he has gone bust, the company won't last long

Do you know how shares work?
Woodford may/may not have bought shares in Amigo but the company does not get a penny from purchase and sale of their shares. The shareholders make/lose money by seeing the share price go up/down.
Now if you are saying he lent money to the company as a loan then that is completely different but I don't think that's what you were saying.

DCFC79

The founder James Benamor has left Amigo, maybe things will change.

https://www.bbc.co.uk/news/business-51752412

John_

Deleted User said:

Of course they are going into administration, when short term lenders now have to be 'granted access' to your bank account or at minimum see 3 payslips (more if paid more frequently) - I cannot begin to explain the humiliation when you have to ask a short term lender Aka payday lender to decline your application in favour of benefit fraud. When sick of explaining you only have one credit card and in x amount of years have never borrowed from Paul to give to
Peter where that's concerned.
seems good old Martin got his wish at the right time! Convenient when Universal Credit is such a mess, the job scene never worse. Just think in years time there shall be no need for the debt free wannabe forum not when the finance industry has collapsed.
lets all get down the bookies with our house deeds. That's how bonkers being a guarantor is. Who the hell would risk their house on a mate.

This post really doesn’t make any sense, and I can’t see how much of it relates to the OP’s question, or the thread.

Does anyone assist you in any way, and if so, have you spoken with them recently?

poppy10_2

jonesMUFCforever said:

poppy10_2 said:

Amigo loans were being kept afloat by well known sucker Neil Woodford pumping money into them. Now that he has gone bust, the company won't last long

Do you know how shares work?
Woodford may/may not have bought shares in Amigo but the company does not get a penny from purchase and sale of their shares. The shareholders make/lose money by seeing the share price go up/down.
Now if you are saying he lent money to the company as a loan then that is completely different but I don't think that's what you were saying.

Look up how share issues work