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Biglippy... I once came uncomfortably close to a camel's tongue, on holiday in Tunisia. Camels eyes are absolutely beautiful and I wish I had eye lashes like they do, but their tongues are a different calibre... *yuck :-P ... however, they can chew date-cacti, and I wouldn't advise anyone to go even near one of these lol. They have prickly bits the size of chop sticks lol
What I meant to say was: Government will reign the CMCs in, not Amigo ;-)
Franky, even Franky...errrm... Franklin couldn't have said it better :-) Amigo will be fine. Government will reign them in, as Gov did with them with the PPI and Overdraft claims. Now that our beautiful island is slowly opening up again money will be needed to re-kickstart many things and MS Banks can't cater for that alone. I'm actually considering taking out an Amigo Loan and buying Amigo shares with the money :-)
Malpenn, that is perfect. That really does ram it down her throat.
Ninjadude, that's exactly it! What most people don't understand is that you can't build up a credit rating without ever having taken out a loan and paying that back on time and banks don't like dealing with small loans.
And having said that, the financial supergau is in most cases self-inflicted and the advice from Sarah would be: "Stop paying the lenders" :-) Now THAT advice is what gets people into even further problems. Her advice is irresponsible and will cause more harm than good. Especially if her 'clients' are young and might have made a mistake or over-estimated themselves. The advice that this Sarah gives is the one-way-ticket into a dark credit history for life!
Malpenn, according to my research, it was government who told the CMCs to lay off the banks, as these were getting into trouble because of all the PPI- and overdraft claims against them. When we first settled into "Civvy Street" there was two months when my husband's last army wages didn't get in on time and his army pension hadn't gone through yet. We got overdrawn in the first month by £350 and they wanted to 'fine' us a total of £1260 (including the 350) for that. The second month the same thing happened, so we had to take bridge loan from a lender (in our case Provi) to cope with the overdraft fines alone until everything was settled and started running smoothly, but don't you think that for one second the bank was able to help. Oh no, they were not. They refused to install an overdraft facility and they refused a small bridge loan. Instead they would have happily given us a loan for a minimum of £25000. We just went "WTF???" and could not believe how hostile Civvy Street was. Where are the Camel Sarahs in these scenarios? But... oh no... they only lend a helping split hoof when there is danger of repossession and financial super-gau.
I think it's a great thing to do, dunc. Not replying to questions from the public will be negative for her credibility. For either she doesn't reply because she's arrogant, or because she doesn't know the answer. She should be made aware that the investor community keeps an eye on her.
Oh and something else just crossed my mind, that could, among other things such as end of financial year/ISA allowance, Easter, investors tweaking their portfolios around the end of financial year, have something to do with today's drop. Not only is it Easter, but people are allowed mix with more people and after a whole year of virtually being locked down, they may want to splash out and have a great time. Also remember, that the interest in the share market sky-rocketed due to Cov19 and boredom that came along with it and these may have sold off today to treat themselves and their loved ones. I'm not worried. This share does what it wants anyway :-)
truffle, the lowest you could have bought in was for 13.99, so you hit the best moment.
Same here, Laverock :-) and btw.... I usually get adverts here on lse ;-) and the last time, the week before it shot up the adverts were for Wayu Steak. Just now I got an advert for Beluga Caviar ;-)
but a great time to top up or get in for all who have funds ;-)
Scarpa, yes, exactly. The court case report was, with distance, the most important event of all of Amigo. What a time to directly a none-subject post to anyone in particular ;-) . Epic fail!
debt camel have their own Facebook page, but it doesn't seem very busy. https://www.facebook.com/debtcamel
I'm not worried about the vote. I'm quite sure that even if the vote goes against, GJ will pull another plan out of his hat. Apart from that, I'm not surprised about the SP performance. It's Easter this weekend and I believe three days left for new ISA. The beginning of a financial year is, when most investors look at their portfolios and tweak them.
Well, Scarpa, after quickly having scrolled over your posts in here, I found that you yourself do not always stick to 'Amigo only' ;-) . You're welcome ;-)
Oh oh... now he thinks I'm 'his girl'. What sort of mother brings up men like that?
LTH, but everything she mentions in there has been addressed.
HeresHopin, I have said all along that anyone who runs into difficulties with a loan due to change of circumstance can talk to the lender to find a new temporary agreement to see them through the difficult times. A lot of the borrowers got into serious problems because they didn't talk to the lender.
viking, but I want to know exactly what the judge said to her :-) something in the range of "Oh... do shut up...you stupid woman..." would suffice :-)