Half Year Results 

Amigo beats on loan arrears

Amigo beats on loan arrears

High-cost credit providers have already been forced to improve disclosure and sales practices – and guarantor loan providers may be next, after the Financial Conduct Authority extended its affordability review in July. Amigo's (AMGO) legal director, Nick Beal, reckons this could focus on ensuring guarantors understand their obligations, but points to the group’s practice of sending monthly statements and having a recorded phone call with guarantors before lending any money.

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