The group believe that the emergency money provided by the government to culture-based organisations should be used to retain all jobs and that any other use of the funding is unfair. Many businesses in tourism and hospitality have been able to reopen after some lockdown measures were easedWest Indies's John Campbell and Jason Holder celebrate winning the test as England's Rory Burns and teammates look on dejectedChicldren play in the water during a cricket match between Abinger and Worplesdon & Nurpham in Abinger Hammer, SurreyPeople gather for the funeral of Dame Vera Lynn in Ditchling, England. try again, the name must be unique The gallery on London's South Bank, as well as the Tate Britain, Tate Liverpool and Tate St Ives, reopened today after closing in March due to lockdown measures meant to curb the spread of the novel coronavirusHarry Maguire shakes hands with Leicester City manager Brendan Rodgers after Manchester United beat the Foxes. The group believe that the emergency money provided by the government to culture-based organisations should be used to retain all jobs and that any other use of the funding is unfair. Guarantor lenders like Amigo, which charge a representative APR of close to 50 per cent, target those who cannot obtain credit from other lenders due to their poor credit history. “Should the ombudsman find that the business was particularly poor at running checks to see if customers could manage loan repayments without having to borrow more money, it is fair to say there will be some very dark clouds hanging over Amigo.”While there are no signs of a Wonga-style collapse at present, if the worst did happen, customers who have complained to Amigo that they were mis-sold loans they couldn’t afford are likely to lose out.Wonga borrowers were informed by administrators this month that they would get back just 4.3 per cent of the compensation they were due.Enter your email to follow new comments on this article.Are you sure you want to mark this comment as inappropriate?Want to discuss real-world problems, be involved in the most engaging discussions and hear from the journalists? Liverpool on Wednesday lifted the Premier League trophy at the famous Kop stand at Anfield after their final home game of the seasonVivienne Westwood demonstrates outside the Old Bailey in support of Julian Assange in LondonComet Neowise in the skies over the Lovell Telescope at Jodrell Bank in CheshireMods and rockers unite on Madeira Drive, Brighton, for a demonstration to call for the reopening of the road which Brighton & Hove City Council plans to keep closed permanently try again, the name must be unique Amigo are threatening me with Court action now as recently lost my job and unable to pay her £150 a month repayments, worried as Im a registered social worker if I get taken to court. they can to create a true meeting of independent Premium. Guarantor loans, where a friend or relative is on the hook if a borrower can't pay, are under intense scrutiny as 90% of affordability complaints are being upheld, writes Amigo has been referred to as a “legal loan shark” by MPs and now faces some of the same problems that led to the collapse of payday lender Amigo, which reported this week that profits had fallen 32 per cent on a year ago, typically lends to borrowers who cannot take out loans from high street banks because of a It advertises that it can have cash in a customer’s bank account within 2 hours after a five-minute application, even if they have a bad credit history.Amigo says it "provides a much needed product to its customers who, often through no fault of their own, cannot access credit when their bank says no.”But reports are proliferating of consumers taking out A surge in compensation payments was the key factor leading to the demise of Wonga and - in October last year - the fellow payday lender QuickQuid.Before Wonga’s collapse, Amigo was riding high, having just floated on the stockmarket for £1.3bn, netting shareholders a payday of more than £300mNow, Amigo has set aside £26.6m to deal with affordability complaints, up from £10.4m a few months ago, and analysts fear it is hiding a bigger problem.Figures released this month show that in the final three months of last year, 90 per cent of affordability complaints about guarantor loans referred to the Financial Ombudsman Service (FOS) were upheld – a higher proportion than for payday loans.The data is for all guarantor loan providers and aren’t broken down by company but Amigo has 85 per cent of the market. I didn’t go through with it but it still showed up on my credit file. McDonald's is bringing back six menu favourites including the apple pie Vulnerable kids to get 150,000 laptops to help them study - can you get one? HMRC pays back £627million in overpaid pension tax - are you due a refund? That suggests Amigo’s past practices are being examined in more detail. “We can’t see from the outside how bad it is. It was a milestone wicket in his career, reaching his 500th Test Wicket for England. ‘Dark clouds’ for Amigo Loans amid rising compensation costs and loan defaults. In that case, your finances may have already suffered – you have to pay all the household bills, or they may have stopped paying your car finance or giving you child maintenance. The win meant they finished third in the Premier League and Leicester finished outside a Champions League place in fourthWomen exercise using pool noodles during an aqua fit class at a gym in Sunbury-on-Thames after gyms and swimming pools were allowed to reopenMayor of London Sadiq Khan tries out a new Streetspace protected cycle lane in London at the launch a new online cycle training schemeA customer has her hair cut outside at Blade Hairdressers in Soho in LondonLiverpool's English midfielder Jordan Henderson lifts the Premier League trophy during the presentation following the English Premier League football match between Liverpool and Chelsea at Anfield in Liverpool. It allows our most engaged readers to debate the big issues, share their own experiences, discuss GUARANTOR READ & KEEP SAFE We may also take court action against both you and the Borrower. The most insightful comments on all subjects Amigo has declined requests to reveal how many complaints are now being rejected.“Amigo has started rejecting almost all complaints in the last few months, including very strong ones that will almost certainly be upheld by the Financial Ombudsman,” said Sara Williams, who runs Debt Camel.“Many of these customers are in very difficult situations, unable to get help with their debts because they are desperate to try to protect the relative or friend who is their guarantor.“Amount a borrower typically pays back on a £5,000 Amigo loan over five yearsIn one case reported to Debt Camel, Amigo is said to have granted a loan to a borrower whose guarantor had mild learning difficulties and no income other than benefits.