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why sell this share and chase another?
IF WE GET FCA & SOA APPROVAL & START RE LENDING HOLD LONGTERM.
under these circumstances amigo will be climbing back to its float price of around £3. it might take 1-3 years so why sell so cheap knowing what the potential is over the next few years.
i don't want any hostile takeover, even up to £1. this still under values amigos potential.
long term hold with this share and you won't be disappointed.
provident have just delivered an advertisement through my door/ in the post for 535.3% apr.
the fca & fos can't hate amigo for they're rates of just 49.99% apr.
amigo has reasonable interest rates. overdrafts are sitting around 40%.
the fca & fos just need to get they're arse in gear and spell out what the rules are exactly. then customers can get decent interest rate of 49.99% apr from amigo.
customers are getting away with murder by receiving redress payments, or put it correctly fraud by they're previous lies to obtain the loans.
amigo is a long term hold and will come good.
regardless of what your intentions were when you invested in amigo it is still a good medium - long term hold.
those who wanted faster returns will just have to wait a bit longer. the returns will materialise but patients and a big set of ball are required. don't sell during a massive dip, ride out the storm.
SO AMIGO DECIDES WHO THE POLICE CHARGE NOW?
your words pasted into my paragraph. not much more of a reply but I'll explain in more detail.
an individual submits they're compensation claim to amigo. amigo investigates the claim and were fraud is detected the claim shouldn't get paid out.
the individual is presented with the evidence that they committed a fraudulent act to obtain the loan.
the individual is then informed if they proceed with the compensation claim to fos, then amigo will pass any evidence to the police.
so yes amigo can decide who the police charges in a roundabout way. if they end they're fraudulent case it goes no further if they don't it goes to the police.
fraud definition
wrongful or criminal deception intended to result in financial or personal gain.
the approach from amigo should be the following.
any loan applicant or guarantor who committed wrongful or criminal deception to obtain a loan, regardless of affordability committed a fraudulent act. the police should therefore be involved for each fraudulent case.
the individuals shouldn't be repaid and the file should be passed to the police. this will bypass fos & fca and allow a criminal case to be started against the fraudulent individuals involved.
when the individuals are charged & then prosecuted with fraud, they won't be entitled to any compensation.
the option could be given to applicants looking compensation when fraud has been detected that the fraud charges against them can be dropped, if they stop they're fraudulent compensation claim.
the police are there to stop fraud taking place & assist with punishing those who committed fraud.
do your own research before asking stupid questions.
the information below is on amigos website, i advise you spend more time on they're website then return to this board.
Why don’t guarantors get a bank loan in their own name for the borrower?
Surely a guarantor should be able to get a loan at a better rate? Some people do that too, but borrowing money yourself is very different to guaranteeing a loan. You have to manage the account yourself; make payments every month out of your own account; collect each payment from the borrower; the account is recorded on your credit file; applications, the loan balance and any late payments can affect your credit score. Most importantly, on an Amigo loan the borrower actually gets the chance to rebuild their credit rating. As payments are made on time, Amigo write back to all three UK credit reference agencies (Experian, Equifax and TransUnion) meaning that borrowers can eventually borrow on their own without help.
i'm holding longterm, awaiting this ship to turn & dividends to flow on a yearly basis. which it will.
i suggest other longterm holders switch off or take all comments on this bb like a pinch of salt.
it's fun to read but annoying to see the rampers & derampers spouting rubbish on a daily basis.
this will be a slow & steady return to much higher sp. the multiples will come, but if you want these multiples quicker your invested in the wrong share.
when good news starts to flow, the company is heading in the right direction.
who will be steering this ship will be decided soon but either captain has a cruise liner to manage.