Member Info for Beevorma

winds me up that site, people moaning that they've paid interest and now the "bar stewards" at Amigo are doing something that means they wont get all their money back. She encourages them to claim but there's no mention or follow up within the advice on whether they should be complaining or not based on the actual problem...were they affordable!?

Good to see you’re still around Yuri

he's bloody James Nesbitt, I've cracked it!!

hopefully the price stabilizes today given buys have outweighed sells throughout the drop

Jimmy of course they're not positive about it, in an ideal world for the FCA Amigo would pay out on every claim every man and his dog submits genuine or not. But this isn't an ideal world and just as you don't like going to the dentist it's something that needs to be done whether they like it or not

plenty of people using this as an opportunity to load up?

Nurse - nite the last sentence relevant to relending mate

Further, the FCA continues to assess whether Amigo is failing (or is likely to fail) to satisfy the FCA's threshold conditions (minimum standards all authorised firms are expected to meet) and its proposed approach to future lending. In light of the further analysis that the FCA can be expected to complete, the FCA has informed Amigo that there is a risk that the FCA may impose a requirement on Amigo's regulatory permissions which restricts it from continuing its business and which affects SchemeCo's ability to implement the Scheme.

Thanks hound dog.
I thought the warning was the SP dropping from £3 to 8p but I’m glad you’ve pointed it out

What about the letter they will be getting from them then

Mouse i've been to Bonn many times with work, monthly up until COVID hit, lovely place to bring up a family

Sharesrising I know you would like to go up but that’s not fair, balanced advice.
This is an administration or ten bag job (IMO), but the risk of failure is there and growing ever larger if the SOA fails...

Priv they are paying out on top ups and other loans apparently so as HH alluded to it seems to be more systemic than that tbh...

Might I add all whilst the board maintains there’s no systemic issues!

HH according to debt camel it was them using market values for expenditure and thus in turn not properly checking the applicants actual income/expenditure via banking or open banking.
In my eyes this is more to do with failing to keep up with the times as opposed to them having an initial flaw in the process, they were probably comparable to everyone else when they started...

"But they will never be able to get back to lending anywhere near at the level they were if they actually ensure each loan is affordable using bank statements."

What a load of nonsense, they use open banking and it takes a few minutes, almost everyone is doing this nowadays.

my experience of anything at the moment timeline-wise is double it and add 30!

dunno about fingers crossed, I've got my palms together facing the church window!

If amigo goes bust and people have to start borrowing at 1000% I hope they go around and thank her personally for it. Silly B!tc£

they feel they've paid too much interest Thaw

#silly****severywhere

PFG pretty much is small cap now isn't it!