An update from Amigo Loans

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An update from Amigo Loans

We are well into the new year and although it may not feel that much is different for us all, we wanted to check in and bring you a quick roundup of all things you need to know right now, as a customer of ours.

COVID-19 Support

We continue to provide support for customers who have been affected by Covid-19. There are various support options available and we want to do all we can to help anyone in need during this difficult time. The simplest way for us to understand your situation and work out which support option is right is for you to complete our online Covid-19 form. You’ll find this when you log in to your online account (please note this form is not available through our app). Once we’ve received your form, our review team will look at your circumstances and see how we can best help you. 

Our phone lines remain busy during this period so if you do have a question or need help with anything, we advise to first check our website to see if we can help you there. For things such as updating your personal details, making extra payments or to check the status of your account and more, simply log in to your online account at www.amigoloans.co.uk/login. You can also get in contact with us by sending us a message on Facebook.

Other support

A top priority of ours is to ensure the wellbeing of our customers. 2020 was a tough year for lots of us and the importance of looking after each other has never been greater. That’s why we’ve been spending extra focus on being able to provide you with expert guidance, tips and resources. We’ll be looking to introduce a Support Hub to our website very soon! If you find yourself struggling with anything that you think could impact your ability to maintain the loan repayments, then please get in touch with us as soon as you can. We have a specially trained team who are here to listen to you and put in place any necessary support on the account. We’re here for you, if you need us.

Scheme of Arrangement

Ensuring we’re treating customers fairly is at the core of our business. 

Many of you will already be aware that we are entering into a Scheme of Arrangement (The Scheme). The aim of the Scheme is to provide a fair outcome for all our customers by enabling equitable treatment for all customers who have a valid claim. 

The alternative we are facing is a likely insolvency. If declared insolvent, based on our calculations, no compensation would be paid to customers who have a valid redress claim. We therefore strongly believe that the Scheme is in the best interest of our customers. 

 There are a large number of deserving people that still need access to affordable finance, as they’ve been turned down by other mainstream lenders, and we want to play our part in making that possible. For more information on this please visit: https://www.amigoscheme.co.uk/

And lastly

To ensure we’ve got all hands on deck to support customers who are financially struggling due to Covid-19, we’re still not taking any new loan applications.

But for now, (given it really is a bit dreary out there) we thought we’d leave you with some of our tips for getting through the lockdown days. 

  • Going for a lunchtime walk: With the winter days meaning we don’t have much daylight, getting out for fresh air and sunlight (if we’re lucky) should help keep your energy up
  • Exercise daily: Moving our bodies is important for ironing out any aches or niggles we have from being cooped in. Even if it’s a little walk or some stretching! 
  • Keep up communication: Even though we can’t enjoy company how we’d want to right now, checking in with your family and friends will keep up good spirits and talking about things help unload any feelings you may have
  • Enjoy the little things!: Find enjoyment in the small stuff like cooking a nice meal, learning a new skill or listening to your fave music or podcasts. Take each day as it comes and be kind to yourself.

From us all at Amigo x

Don't stop there!

There's so much more to keep you going.