Amigo guarantor loan

edited 21 May 2021 at 9:56AM in Loans
5 replies 601 views
Frenchy83Frenchy83 Forumite
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edited 21 May 2021 at 9:56AM in Loans
I'm a guarantor, left paying the debt long story short, I'm trying to find out what happens if redress scheme is a none starter, what will happen to me??

I believe I should not have been accepted and Checks were not completed so I feel I have a complaint.

Replies

  • There's very little in the way to be paid out even if your complaint is successful, so you might want to send your complaint in quickly.
  • edited 21 May 2021 at 9:57AM
    MEM62MEM62 Forumite
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    edited 21 May 2021 at 9:57AM
    Frenchy83 said:
     I believe I should not have been accepted and Checks were not completed so I feel I have a complaint
    You feel that you should not have been accepted yet you still applied.   
  • edited 21 May 2021 at 9:57AM
    superbigalsuperbigal Forumite
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    edited 21 May 2021 at 9:57AM
    Frenchy83 said:
    I'm a guarantor, left paying the debt long story short, I'm trying to find out what happens if redress scheme is a none starter, what will happen to me?? I believe I should not have been accepted and Checks were not completed so I feel I have a complaint
    Nothing will happen to you if you continue to pay the debt on time.
  • jjdcjjdc Forumite
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    I'd get it in very quickly, the court have rejected the SOA despite creditors backing it - bear in mind redress claims have been on old since december. They're an appeal away from liquidation now.
  • superbigalsuperbigal Forumite
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    The Judge and FCA clearly think Amigo are "At it"
    I see the 95% of creditors who backed it is actually about 8% of those eligible to vote.
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