Amigo Loans
Please be aware that Amigo is currently not lending! For details and alternative loan options see below.
Secure UK website est. 2015
Amigo Loans
Amigo is no longer giving out new loans
On 23 May 2022, the High Court approved Amigo’s proposed New Business Scheme of Arrangement (which had previously been approved by Customer Creditors on 12 May). The Scheme became effective on 26 May 2022. If you’re a past or present customer who thinks they have a claim, you can now submit your claim online. You can do this on their website here.
Poor credit rating and are still looking for a loan?
Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk. AllCreditLoans is a licensed credit broker and not a lender.
Choose your loan amount: £500
How many months?
If approved, you could receive funds by 3:51 PM
- 3-minute online application
- Up to 35 UK lenders
- Instant online quotes
- No obligation
- No fees - we are a free service
Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk
All Credit Loans is a licensed credit broker and not a lender.
Allcreditloansnet Representative 49.9% APR
Representative Example: Borrow £3,250 over 36 months at a Representative Rate of 49.9% APR at an annual interest rate of 41.16% (fixed), you pay 36 instalments of £158.57. Total charge of credit is £2,464.57, total amount payable £5,714.67.
About Amigo Loans
Amigo Loans were one of the first lenders to popularise the ‘guarantor loan’ and were the most well known in the guarantor loans industry.
On 23 May 2022, the High Court approved Amigo’s proposed New Business Scheme of Arrangement. If you’re a past or present customer who thinks they have a claim, you can now submit your claim online. You can do this on their website here.
Update on the FCA website 13/10/2022
The FCA has published a letter sent to Amigo Loans which approves its request to start lending again, on a pilot basis.
Watch this space!
Questions
As of writing Amigo Loans has not gone bust. Amigo Loans was banned from lending in May 2021 by the Financial Conduct Authority, and Amigo has said it will go bust unless it is allowed to start lending and raise new equity under a proposed new rescue plan.
Amigo specialised in ‘guarantor loans’, their previous loan* features:
- Type: guarantor loan
- Amount: £1,000 – £10,000
- Term: 12 – 60 months
- APR: 49.9% representative
* We have no details currently on any future loan details from Amigo.
On 13th October 2022 the FCA published a letter on their website which approves Amigo’s request to start lending again on a pilot basis.
The lending pilot will enable Amigo to test its updated approach, policies, and procedures in a controlled environment and demonstrate that its new systems and controls meet our expectations and deliver good outcomes for consumers.
FLM Loans are Amigo Loans – in April 2012 they were rebranded as Amigo Loans.
No.
Amigo is one of a number of lenders who are no longer on our panel for a variety of reasons, others include:
Doorstep Loans
- Provident Personal Credit – the Provident business was closed on 31st December 2021 so is no longer lending.
- Greenwood Personal Credit – never directly on our panel, Greenwood Personal Credit was acquired by Provident in 1977, and as above has closed and is no longer lending.
- Shopacheck – never directly on our panel, Shopacheck was acquired by the Perpignon Group and merged with Morses Club in March 2015 (who are on our panel).
Guarantor Loans
Company Info
Get Accepted for a Loan
Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk. AllCreditLoans is a licensed credit broker and not a lender.
Choose your loan amount: £500
How many months?
If approved, you could receive funds by 3:51 PM
- 3-minute online application
- Up to 35 UK lenders
- Instant online quotes
- No obligation
- No fees - we are a free service
Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk
All Credit Loans is a licensed credit broker and not a lender.
Safe & secure UK website established in 2015
Registered
Compliant