RE: Amgo will still fly!18 Mar 2021 12:58
Just email this to MP Stella
Good afternoon, I fully understand your grievance with high interest loans, but what I would like you to explain is where would sub-prime customer go to as main line bank’s would not consider this clientele, your proposal would be interesting, as loan companies like Amigo have high risk reward basis, the loans would be granted on the principle that the guarantor is credit worthy, usually a family member, or do you wish the sub prime customers to go to loan sharks feeding of the massive interest and intimidating tactic’s or are you blind to the obvious, at least these companies although have a higher interest than your local bank are regulated unlike the sharks that pray on the vulnerable, look forward to your comment,i will keep you informed