![]() If you think you may have been mis-sold an Amigo loan, you maybe able to claim back compensation from Aimo Loans. Amigo have set aside over £100 million to cover mis-selling cases but this figure is likely to grow. Refunds can run into several thousand pounds as interest refunds can be high due to the high interest rate charged on the borrowing. However, the level of compensation is calculated on a case by case basis but relates to the costs, difficulties and level of breach by Amigo. Amigo Loans Refund?Īmigo loans which have been mis-sold will often obtain compensation which includes refunds of interest paid and on occasions the refund of borrowing in place. The FCA became concerned at the level of guarantors being requested to make payment which highlights the firm’s policy of not assessing borrowers correctly and relying on guarantors to repay their debt. There has been an increase in complaints over the last few years as a result of the company’s failure to provide reasonable and proportionate checks when lending money to clients via the guarantor loans. The FCA launched an investigation in May 2020 to establish if the lender was undertaking the correct credit worthiness assessments of its clients that met with the regulatory requirements that the FCA requires. ![]() Complaints are now being seen on a large scale where clients are challenging the sale of their Amigo loan and obtaining compensation as a result, The FCA Investigation into Amigo loans. The FCA launched an investigation into the firm due to the concerns it had in the way that loans were provided and whether the correct affordability checks were undertaken. You can get compensation if the Amigo loan that you have or had was mis-sold.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |