PREVIOUSLY HAD GUARANTOR LOAN DEBT?
Claim your Amigo Loans refund
This lender is currently in a ‘scheme of arrangement’ which means they preparing to settle all unaffordable lending cases in one go. If you’ve had a loan from Amigo, you can submit your claim below.
Who are Amigo Loans?
Originally established in 2005 by James Benamor, Amigo Holdings is the largest guarantor loan operator in the market with over £210m revenue (2018) and is listed on the London Stock Exchange.
What’s the current situation?
So far Amigo Loans have paid out over £xm in compensation to customers mis-sold or unfairly treated. In a recent announcement Amigo increased the amount of money set aside for compensation payouts to cover additional claims.
They are currently in a legal process called a ‘scheme of arrangement’ and are no longer lending to new customers.
A scheme of arrangement (or a “scheme of reconstruction”) is a court-approved agreement between a company and its shareholders or creditors (e.g. lenders or debenture holders). It may affect mergers and amalgamations and may alter shareholder or creditor rights Wikipedia
What is the deadline?
Amigo is currently still paying out compensation and the recent announcement does suggest they’re not going to fold, but that doesn’t mean they can’t go into liquidation in the future. If you’ve had a loan from them which was unaffordable you could have a claim and should consider applying now.
Unfortunately we’re not submitting claims against this lender.
Amigo proposed 2 schemes, with the higher offering 42p in the £. A claim of £1,000 would get back £420.
Guarantor loan refund calculator
Find out how much compensation you could be owned with the amigo loans refund calculator
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You may still have a claim
We cannot claim against this lender because they are in a ‘scheme of arrangement’. However, that doesn’t mean you may not have another claim against another lender. Our software checks multiple lenders in just 5 minutes, so why not check now?