Amigo Sending This Out To Customers9 Jun 2021 13:32
Well here is a good sign I have just been sent this from a amigo customer that amigo has just sent them so they are looking at other options
I appreciate that you decided to vote for the proposed Scheme and wanted to take this opportunity to tell you as much as I can about what we are doing at Amigo now.
We previously said that without the Scheme, we would likely go into insolvency. This means there would be no cash compensation available for customers who were mis-sold an Amigo loan. This situation is still a very real possibility. Giving his decision in the High Court to not approve the Scheme, the judge stated that we should look at whether there was another scheme that could meet the concerns of our regulator, the Financial Conduct Authority (FCA). We have listened to the judge and are following his request by looking at all other options.
We will be working with all of our customers to ensure fair and equal compensation for all valid claims, to achieve a solution as quickly as possible. We will share a further update as soon as we can.
As a valued customer that voted on the Scheme, we would like to get your thoughts on the ongoing situation to help ensure we are working to represent the voice of all our customers. If you have two minutes, please click here to complete a short survey with five questions in. Your responses are anonymous and will not have any impact on any existing accounts you have with us. Thanks in advance.
Warm regards,
Gary Jennison
CEO, Amigo Loans