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Amigo loans success...
Jimmycr
Posts: 5
Forumite
Well I finally got my final response from amigo yesterday stating that from my original loan of £1k with top up to £2.5k are not being upheld but the two further top ups to £5k (Feb 2017) and up to £10k (Dec 2019) are being upheld and all interest will be refunded above the principle amount plus standard interest of 8%. The loan was paid off in April 2019 thanks to some inheritance and since then I have cleared all of my debt so this is going to be welcome for me.
I now just have to wait on the redress offer to find out the amount. Is anyone clever enough to work out what I might expect?
£5k loan - Feb 2017
Top up to £10k - Dec 2018 (with £5400 paying off the remaining on the £5k.
Loan cleared 29th April 2019
49.9% APR
All interest above the loan amount refunded plus 8%.
Thanks
I now just have to wait on the redress offer to find out the amount. Is anyone clever enough to work out what I might expect?
£5k loan - Feb 2017
Top up to £10k - Dec 2018 (with £5400 paying off the remaining on the £5k.
Loan cleared 29th April 2019
49.9% APR
All interest above the loan amount refunded plus 8%.
Thanks
0
Comments
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This forum is better suited to your post.
I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
Can I ask how long you waited for final response? I made a complaint on July 10th and I am still waiting, they just keep saying they haven’t made a decision yet.0
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There could be delays due to covid.Normal responce time is 8 weeks, after which you can escalate to the FOS if you wish.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0
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