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Thousands of Amigo borrowers expected to get back less than half of what they're owed
Thousands of Amigo borrowers expected to get back less than half of what they're owed - but it's more than the payouts initially proposed.
Read the full story here.
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Disappointing to read in that article: "The proposal comes as Amigo, which lends to people with poor credit scores......". Come on, surely MSE staff of all people should know that a credit score has no bearing whatsoever on a lending decision? Unless they're referring to internal credit scoring, in which case this should be made clear - there is enough misinformation and misunderstanding already surrounding the CRA scores.
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Not everyone is financially educated. Not everyone has access to high street rates. Not everyone is a judgmental asshat.Life isn't about the number of breaths we take, but the moments that take our breath away. Like choking....1
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