Amigo still giving out loans.27 Oct 2020 16:17
So....Yesterday I decided to see how easy it was to get a loan from Amigo.
My son and I have quite a few shares with Amigo, so i thought i would find out if they are still lending.
My son applied for a £5000 loan for a debt consolidation (his credit rating is actually as good as mine), I was his guarantor.
After showing proof of salaries, credit checks and a few other hoops to jump through, they accepted the loan of £5000 over 24 months at the cost of £309/month.
Quite a lot to repay, but as a dummy loan it didn't matter.
It took just over 24 hours to get £5000 off amigo.
Not at all important in the bigger picture of things, but at least they are still lending (Got to be a good thing), Now all i have to do is stop the pushy phone calls to persuade us to have it.