Blog

  • This kind of short-term loan can be an excellent way to get access to cash quickly and in an efficient manner, enabling you to get money into your account to help with a financial emergency in a minimal amount of time. However, given that a......

  • With the coronavirus having cut through the world’s population like a hot knife through butter, the fallout has had most Payday Lenders running for the hills while others have simply pulled down the shutters and gone into hibernation for the duration...

  • Or: why does my APR  say 5000% when my lender says I repay 40 in every 100 pounds? Who’s right?   Answer: They both are. Doesn’t make much sense right? Unfortunately there’s a lot of confusion around APRs so let us try and make them......

  • Yes, it is possible that Amigo Loans could take court action against you, but it is worth keeping in mind that this is always a last resort. Amigo Loans, or any other kind of guarantor lender will tend to avoid going to court and sort......

  • Yes, it is definitely possible to improve your credit score through a guarantor loan, provided you pay it back on time and do not miss payments. In fact, many people struggling with a bad credit score (or alternatively, no credit history at all) take...

  • No, it is not possible to change guarantors after the initial two week cooling off period has been granted. Once someone has agreed to be your guarantor, they then have a legal obligation to complete the loan or see it through until it is paid.......

  • No, if you have agreed to become a person’s guarantor for a loan , when you cannot suddenly stop being a guarantor once the full loan amount has been paid out. We understand that the duration of a guarantor loan can last for a long......

  • No, in most cases, whether it is a secured or unsecured loan you will not be approved for a loan without employment. However, with some types of lending like a guarantor loan, it could be possible. The main thing lenders will be looking for is......

  • Yes it is possible for you to be taken to court if you have taken out multiple payday loans and failed to pay them back. In this scenario, a lender might decide to take you to court in order to be able to issue a......

  • No, you will not go to prison Standard attempts to take payment will first be made first The lender will contact you by phone, email and post Interest and fees may apply Your credit score can be affected   No, you will not end up......

WARNING: LATE REPAYMENT CAN CAUSE YOU SERIOUS MONEY PROBLEMS.
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