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Lol up up and away it is :). I have to say this great work buy the guys has really made all those niggling concerns evaporate. Thanks again guys.
Mri I’d be happy if it just goes up and carries on going up if that’s alright with you?
I'll take the SP rise straight away Mri, see to it please.
Awesome work. Really impressed with your digging. Now do we want the sp to dropped to give us all time to top up? Or do we just want lending to restart. Either way I’m very happy bunny.
It’s good to see that, seems to be a bit of a shift in strategy from Amigo to not just take these complaints lying down - but instead actually challenging them and/or confirming with the regulators what is the correct thing to do (I like this idea of having a dialogue with the FCA on complaints, shows that they are trying to do the right thing and gives them a better idea too).
Thinking about it, this timing coincides with Gary coming in as CEO, and probably the conclusion of spending those few days with the complaints team... if that’s true, good on ya Gaz!
They havent been paying out where a guarantor was involved for a few weeks now..mainly becuase they re a bunch of dirty thieving gypsy b#stards and pretending they didn t know what it was all about. Vicky Pollard yeah but no but..give them f^ck all i say and pay us a frikin divi. Stick that in yer pipe and smoke it Mr ombudsman
Just back read the posts, ties in with Gabriel’s better researched post. Well done Gabriel
Just looking at some of the incredulous posts on trust pilot. Interesting that in a number of replies to complaints this line was used
“With regards to your query about your complaint, we have been seeking guidance from the regulator with how to resolve certain cases.“
I haven’t visited these sites regularly but this seems to me that they’re questioning what qualifies as a genuine appeal.
Yea I honestly think all is good at Amigo it’s just COVID fears pushing this down.
Especially now sage are saying in a couple of weeks we could see thousands of deaths a day for months ?? It’s just giving people cold feet .
The relending rns obviously would help, but if it’s not their first thing we ain’t getting one.
Fingers crossed
Great work guys !!
xel123:
Nice find
Also Just found an interesting response from the FOS on "debtcamel" (October 23, 2020 at 6:23 pm) where the FOS themselves have put claims on hold.
The FOS stated:
“The particular intricacies of this product area have needed to be reviewed in a lot of detail, for us to be confident that the decisions our ombudsmen reach are correct, fair and reasonable to both our consumers and businesses. This in turn has meant our ombudsman aren’t able to issue decisions on cases such as yours until these considerations are fully looked into and resolved. These are currently under review at a higher level and as soon as these things are sorted the ombudsman will be able to start issuing their decisions.”
The FOS appear to have taken the position that top up loans IF genuine are upheld But the previous loan isn’t, in order to be fair to "Consumers AND Businesses". Two types of cases are on hold by the FOS, those where a guarantor has made some payments and the ones involving a deduction for unpaid interest.
This in addition to Gary's statement in his recent interview that "A lot Of these claims are not genuine claims" could yet prove that the actual genuine claims are only 25% to 50% of the original provisions.
The ramifications could be game changing and it is great to hear that the FOS are taking the stance of being fair to Businesses as well as Consumers!