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An investigation by alternative lender Amigo Loans found payday lenders are ignoring affordability checks after its researcher was granted eight payday loans. Lisa Kelly, a researcher at Amigo Loans, applied to a number of payday lenders in the UK and was offered eight loans simultaneously, meaning she would have to repay £2,853. According to Amigo, her repayment the following month would have been almost eight times her disposable income, while not one lender questioned her financial commitments. The company has urged the government and the Financial Conduct Authority (FCA) to take immediate action to tackle “exploitative” payday loan firms.............Read more here
Other Amigo Loans from the past at aad blog pages;
'Guarantor lender' AmigoLoans crashes twice in 2days - from cyber attack http://forums.all-about-debt.co.uk/s...ht=amigo+loans
Richmond Group - Amigoloans http://forums.all-about-debt.co.uk/s...ht=amigo+loans
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