We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Thousands of Amigo borrowers expected to get back less than half of what they're owed

MSE_Rosie
MSE_Rosie Posts: 40 MSE Staff
Third Anniversary Photogenic Name Dropper First Post
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. 

Click reply below to discuss. If you haven’t already, join the forum to reply.

Comments

  • Ebe_Scrooge
    Ebe_Scrooge Posts: 7,320 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 16 December 2021 at 2:30PM
    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.
  • mcpitman
    mcpitman Posts: 1,267 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 17 December 2021 at 3:46PM

    Wow, sweeping, unfair statement.

    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....
  • MEM62
    MEM62 Posts: 4,983 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    @mcpitman You really shouldn't feed the trolls.  It only encourages them   ;)
  • mcpitman
    mcpitman Posts: 1,267 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    MEM62 said:
    @mcpitman You really shouldn't feed the trolls.  It only encourages them   ;)
    Can't argue with you I'm afraid, should know better! :wink:
    Life isn't about the number of breaths we take, but the moments that take our breath away. Like choking....
Meet your Ambassadors

Categories

  • All Categories
  • 346.6K Banking & Borrowing
  • 251.4K Reduce Debt & Boost Income
  • 451.4K Spending & Discounts
  • 238.8K Work, Benefits & Business
  • 614.3K Mortgages, Homes & Bills
  • 174.8K Life & Family
  • 252.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.