Stocks into the sub-prime loan provider fall on Tuesday it will not appeal against verdict after it confirms
Amigo Loans has frozen client payouts although it considers its choices. Photograph: M4OS Photos/Alamy
Final modified on Tue 1 Jun 2021 23.22 BST
The sub-prime loan provider Amigo faces possible collapse after confirming it will perhaps not charm against a higher court choice that blocked a scheme to cap client compensation.
Amigo, which charges 49.9% interest and needs borrowers to produce a pal or member of the family to do something being a guarantor, said it could вЂњconsider all optionsвЂќ and had been taking a look at a alternate scheme to manage the expense of the rise in client payment claims. Continue Reading ->