This is because we not have your own personal informative data on our bodies; this is often because of a wide range of reasons including information security legislation or you formerly asked us to get rid of it. In the event that you aren’t able to login towards the on the web portal then please call us on 01202 629798. Certainly one of our agents will ask you to answer some questions regarding once you had been a client of ours. We will make an effort to match your details using what we could retrieve. Take note, in some instances we might struggle to match sufficient consumer data to validate your eligibility to vote, meaning you’ll not have the ability to vote in the Scheme.
Do i need to vote?
You don’t need to vote in the Scheme. Nevertheless, we might encourage that you do, so your views as an Amigo consumer are represented, particularly if you think you have got a legitimate claim to help make.
What the results are if i actually do maybe perhaps maybe not vote in preference of the Scheme, or never vote after all?
If you either vote contrary to the Scheme, or usually do not vote at all, you may be in a position to submit a claim within the Scheme in case it is authorized. You are allowing others to make the decision on your behalf regarding how your claim will be dealt with if you do not vote on the Scheme.
What are the results in the event that vote is unsuccessful?
In the event that Scheme will not receive sufficient votes ‘for’, this implies it’s not approved by clients. Amigo will enter insolvency. Any redress claims of Amigo borrowers and guarantors would be classed as unsecured creditor quantities into the insolvency. It really is very most likely that within an insolvency, unsecured creditors will get absolutely nothing. Voting ‘for’ the Scheme may help avoid this from taking place.
Whenever will the Scheme meeting be held?
The Scheme meeting (for the clients, previous and present, while the FOS) should be held practically by Video Conference on 12 might 2021 because of the ongoing pandemic that is covid-19. We estimate that the meeting might take around five hours and certainly will ask that you register in advance through our website if you wish to attend. It is to make certain we could allow for suitable access. In the event that you’ve inform us you intend to go to the conference, you’ll be contacted with attendance details. You certainly do not need to go to the conference so that you can vote. Voting can be achieved beforehand on our Scheme site.
Will the Scheme impact my loan repayments?
You ought to carry on making repayments on your loan, whether or not the Scheme is authorized. The mortgage conditions and terms remain as consented once the loan ended up being removed. The repayments you make and continue to make is supposed to be factored in to the valuation of any Scheme that is valid claim you may possibly have.
What exactly is redress?
Redress is just a re re re payment (money or a modification to your loan stability) which can be because of you when you yourself have a claim against Amigo as you are or happen: a debtor that took down that loan from Amigo Loans Ltd (Amigo) that will not need been made since you could perhaps not manage to repay it; or perhaps a guarantor for the Amigo loan and either: (a) Read Full Report that loan should not need been made; or (b) you shouldn’t have now been accepted as being a guarantor as you could perhaps not manage to make repayments; or even a debtor or even a guarantor of a Amigo loan along with any kind of declare that might arise away from, or in relation to, an Amigo loan.
Do i must make use of an adviser, referred to as a Claims Management Company (CMC), to greatly help me claim settlement?
No. The procedure is made to be easy for clients to perform and to make certain that there’s no take advantage of employing a CMC. If you opt to make use of a CMC, please make certain you comprehend the solutions they have been offering and just how much their participation can cost you before agreeing to its solution. Significantly, your capability to produce a claim for money will be increased in the event that you vote ‘for’ the Scheme. You are allowing others to make the decision on your behalf if you choose not to vote.
