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Loans firm Amigo to halt lending and wind down

Summary by Ground News

High-cost lender Amigo has said it will halt all lending and wind down its business. Its failure has left more than 200,000 customers in the dark over compensation they will receive for mis-sold products. Amigo had been sanctioned by regulators for insufficient affordability checks on people it lent to.

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Loans firm Amigo to halt lending and wind down

The struggling high-cost firm has immediately halted all lending after failing to secure cash from investors.

2 years ago·United Kingdom

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Amigo Loans to wind down business as it halts all lending

The company will be liquidated once the wind-down is complete

2 years ago·Wales, United Kingdom

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Leaning Left1Leaning Right0Center1Last Updated2 years agoBias Distribution

50% Left, 50% Center

Bias Distribution

50% of the sources lean Left, 50% of the sources are Center

50% Center

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Wales Online broke the news in Wales, United Kingdom 2 years ago on Thursday, March 23, 2023.

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