guarantor

Ombudsman complaints: Guarantor loans replace PPI

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Thousands of Britons are complaining to the Financial Ombudsman Service about being mis-sold unaffordable guarantor loans, new figures reveal, as Payment Protection Insurance was finally dethroned as the most complained about financial product. Complaints about PPI numbered 6,679, meaning it was not the most complained about product in a three-month period for the first time … Read more

FCA launches investigation into guarantor lender Amigo Loans

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Britain’s largest guarantor lender Amigo Loans is being investigated by regulators over its lending practices. In an announcement to the London Stock Exchange, Amigo said the Financial Conduct Authority launched an investigation on 29 May into ‘whether or not Amigo’s creditworthiness assessment process, and the governance and oversight of this, was compliant with regulatory requirements.’ … Read more