Sub-prime lender Amigo Loans to liquidate after funding shortfall

Amigo Loans is going out of business because it was unable to get sufficient funds for its continued operation.

Sub-prime lender Amigo Loans is to be liquidated after failing to raise the necessary funds to compensate customers, leaving shareholders with nothing. The Financial Conduct Authority’s recent investigation found that the lender had put business interests ahead of customer needs, placing them at high risk of harm. Despite this, Amigo managed to avoid a £73m … Read more