RE: Shore Cap22 Feb 2022 09:29
Jimmg56
Ok let me explained then, Amigo have not lent for 2 years now they have no revenue so will go bust simple, Morses do have revenue and most loans are small in comparison and do not have guarantors as Amigo had.
Morses made the adjustment a few years back to deal with mis selling loans i.e. relending to existing borrowers, so most of these claims are historic or chancers from CMC, I feel Morses will survive and thrive this FCA witch hunt on loan companies.
Morses also I believe tend to settle most claims without contesting them with being so small that's why its 71% upheld
IMO