Tagged: amigo

Amigo Loans Receives Good News as FCA Says it will Not Oppose its Plans to Lend Again

April 11, 2022 @ 9:35 am By JD Alois |

The UK Financial Conduct Authority (FCA) has posted a letter indicating it was OK with Amigo Loans’ (AMGO.L) plans to compensate customers that has been apparently harmed while transgressing lending rules. A previous attempt to mollify regulators failed. Amigo is a subprime lender that offers… Read More

Amigo Shares Sink as Judge Rejects Sub-Prime Lender’s Plan to Address Mis-selling Loans

May 25, 2021 @ 8:12 am By JD Alois |

A UK court has rejected a plan to address mis-selling by sub-prime lender Amigo (AMGO.L) causing shares to sink by 50%. Amigo offers loans to individuals from £2,000 – £10,000 over terms between 12 and 60 months, with a maximum APR of 49.9%. In 2020,… Read More