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Amigo loans
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In jan 2019 I took a loan out for around £2000 with amigo loans. My partner was the guarantor. Fast forward a few months I became unwell and was on zero income. My partner had to enter an iva as he could not afford to run the household and pay for my share of everything. He added the loan to the iva as that was advised and when it came back amigo loans said they wouldn’t accept it on his iva. The last year he has received paperwork from the iva saying what percentage of his money has been paid to whom. Amigo are on there. I checked my credit report and they’ve been reporting it as in arrears and it’s showing as late payments because of this. It also went down in what was owing the month we got the paper work. Any advice what to do? The late payment marker is dragging my file down.
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scoops88 said:In jan 2019 I took a loan out for around £2000 with amigo loans. My partner was the guarantor. Fast forward a few months I became unwell and was on zero income. My partner had to enter an iva as he could not afford to run the household and pay for my share of everything. He added the loan to the iva as that was advised and when it came back amigo loans said they wouldn’t accept it on his iva. The last year he has received paperwork from the iva saying what percentage of his money has been paid to whom. Amigo are on there. I checked my credit report and they’ve been reporting it as in arrears and it’s showing as late payments because of this. It also went down in what was owing the month we got the paper work. Any advice what to do? The late payment marker is dragging my file down.I am a bit concerned that your partner entered into an IVA rather than a DMP which is a lot more flexible. Is he a home owner and who advised him an IVA was the way forward?0
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Were there late payments to the account?
If there were, then that data won't change as it is factually correct.Life isn't about the number of breaths we take, but the moments that take our breath away. Like choking....0 -
scoops88 said:mcpitman said:Were there late payments to the account?
If there were, then that data won't change as it is factually correct.0 -
The payments were made on time up until the iva started. My partner had good credit up until the iva began. Whilst I was unwell he could not afford to run the household and pay for car and credit card finance. Do you think I should contact amigo with a payment plan? I’m just confused as it’s now on the iva what to do. They haven’t chased me for this debt.0
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scoops88 said:Do you think I should contact amigo with a payment plan? I’m just confused as it’s now on the iva what to do. They haven’t chased me for this debt.I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions 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.
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scoops88 said:The payments were made on time up until the iva started. - Yep.
My partner had good credit up until the iva began. - key word, until.
Whilst I was unwell he could not afford to run the household and pay for car and credit card finance. - Which is why you took out the IVA. You do understand how they work don't you?
Do you think I should contact amigo with a payment plan? I’m just confused as it’s now on the iva what to do. - contact the IVA provider.
They haven’t chased me for this debt. - They won't chase you, they'll chase the IVA provider.Life isn't about the number of breaths we take, but the moments that take our breath away. Like choking....0 -
mcpitman said:scoops88 said:The payments were made on time up until the iva started. - Yep.
My partner had good credit up until the iva began. - key word, until.
Whilst I was unwell he could not afford to run the household and pay for car and credit card finance. - Which is why you took out the IVA. You do understand how they work don't you?
Do you think I should contact amigo with a payment plan? I’m just confused as it’s now on the iva what to do. - contact the IVA provider.
They haven’t chased me for this debt. - They won't chase you, they'll chase the IVA provider.0 -
Brie said:scoops88 said:Do you think I should contact amigo with a payment plan? I’m just confused as it’s now on the iva what to do. They haven’t chased me for this debt.0
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Brie said:scoops88 said:Do you think I should contact amigo with a payment plan? I’m just confused as it’s now on the iva what to do. They haven’t chased me for this debt.0
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