RE: Peoples thoughts on the vote ??1 Apr 2021 00:18
Like many have said simple decision. Approve it, you get a payout, you don’t, you get jack!
Plus they will probably cause job losses too. In addition if Amigo did fold, where are these folks going to get a loan from where they have bad credit, oh another company who may charge more interest and less competition in the market.
You would think the bad practices have gone with new people onboard and amigo probably have helped people who really needed financial support. A major bank wouldn’t touch people with bad credit, not after the financial crisis so amigo do actually serve a need for this type of loan facility.
I do think if lending is to start again the regulators will probably cap interest to a lower amount, let’s say 30%