Member Info for nursesteve

The key to recovery is addressing the problem behind underlying complaints issue!
With Glen back he should be able to address with the FCA what lending criteria Amigo should be using going forward. He can also address the reason behind such a high level of upheld complaints when he was with Amigo and previously had FCA approval. When this is sorted the business of lending can restart in time for a foreseeable increase in demand and the share price will recover. Good for borrowers, good for shareholders and good for the FCA (as otherwise they could be accused of removing support to the niche market of people who don’t have access to mainstream lending and are unable to build their credit without Amigo).

That was rubbish. I think if JB called for a vote to remove the board now it would sail through. I also asked a question online that wasn’t answered. If they haven’t identified a systemic problem in the high number of upheld complaints (76%) then how can investors have confidence in the lending and business model going forward?