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Having a flick through these: https://uk.trustpilot.com/review/amigoloans.co.uk
Looks like the new CEO has ground to a halt on complaint payouts and processing. Interesting that Amigo reference problems with the FCA as the reason complaints are on hold. Any thoughts?
MriGoat - end-to-end process from application from application to money in guarantors account is 24-78 hours depending on how fast the guarantor fills out their end. Was an Amigo customer many years ago and now a holder here.
Looks suspect alright, could be the IIs looking to average down their holding price. A lot of the big boys bought in at prices we will never see again so logic would state that they'll be looking to buy once the FCA stuff is out the way to balance out their losses.
Hope its much sooner but in but seems like the recruitment drive and staff on-boarding will take around 4-5 weeks to complete, based on standard recruitment time frames.
I would expect a spike in applications as soon as lending restarts so I think they will want all hands on deck for that date. Would expect an RNS possibly the week before with details of restart date.
Anyone got the full article from this evening?
https://www.telegraph.co.uk/business/2020/09/27/amigo-founder-plays-merger-talk/