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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.

Home E Guarantor Loans E Amigo Loans

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.

Key stats

Success Rate
Unfortunately we’re not submitting claims against this lender.

Average Payout
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

Why choose Claims Bible?

100% Confidentiality

Being discreet is part of our business, our legal representatives will never discuss your case without your permission.

Proven Track Record

So far we’ve handled over 10,000 cases and claimed back over £2,000,000 for our clients so you are in safe hands.

Claim Professionals

We partner with specialist firms so your claim is handled by an expert who is familiar with your type of claim.

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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?

You do not need to use a claims management company to make your complaint to your lender. If your complaint is not successful you can refer it to the Financial Ombudsman Service for free. Claims Bible does not charge you for our service, we may be paid a fee by the final supplier for any introductions. This will not impact on any costs incurred by you.

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