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Amigo Loans Refund Claim

Amigo Loans Claims & Refunds

You can no longer claim against Amigo Loans  If you believe you have been mis-sold a loan from RewardRate, or any other lender, click below to get compensation


Amigo Loans Mis-Selling

Guarantor lender Amigo Loans have been at the heart of the recent mis-selling scandal, due to the large numbers of unaffordable loans they approved over many years. Hundreds of millions of pounds have been reclaimed by past customers. As a result, Amigo is trying to introduce what is known as a Scheme Of Arrangement. This is when a company tries to get approval to pay creditors (in this case, previous customers who were mis-sold to) a portion of what is owed to them. The reason they do this is that they claim not to be able to afford to pay out the full amount, and so a scheme could be better than bankruptcy for previous customers if an appropriate scheme is proposed. 

Amigo's first attempt to introduce a scheme failed. Even though it was voted for by past customers, The courts blocked it after the Financial Conduct Authority (FCA) objected to the scheme. The reason for this is that the scheme was not seen as generous enough, and shareholders were not contributing as much as they should.

Amigo is making a second attempt at getting a scheme approved, which includes more of a contribution from shareholders as well as raising equity. If this is not approved then Amigo will propose to wind down the company.

You can no longer claim against Amigo Loans  If you believe you have been mis-sold a loan from RewardRate, or any other lender, click below to get compensation

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For Hassle-Free Refunds

A claims specialist
can do all the hard work so you don't need to!

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Simple Process

Making a claim is simple. With just a few details you can start your application.


No Win, No Fee

You are only charged after the claim has been won and you have your refund!

You do not need to use a claims management company to make your complaint to your lender. If your complaint is not successful you can refer it to the Financial Ombudsman Service yourself for free.

Why Could I Receive An Amigo Loans Refund?​

There are various reasons why you may be due a refund from a lender. The main reason for a claim is that the loan was unaffordable. These are general signs that the lender did not perform sufficient affordability checks:

The amount borrowed increased loan by loan without reassessing your situation


The loan was extended each month without reassessing your situation


You were struggling to pay essentials (rent, bills, food) because of my repayments


You had to borrow money from another lender to pay back a loan or cover essentials


Your income changed between taking out and repaying the loan but the lender didn’t check


The lender didn’t ask you any questions to confirm that I would be able to repay the loan in a sustainable way


You rolled over your loans

Even if during your application process, you did not mentioned all of your debts or stated your correct regular income. Amigo Loans should have checked your credit record and ensured you had a regular, consistent income before giving you a loan.

You can no longer claim against Amigo Loans  If you believe you have been mis-sold a loan from RewardRate, or any other lender, click below to get compensation

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Maximise Your Compensation

We will go through your previous borrowing and can help you claim from an extensive list of lenders.

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Your complaint is handled by professionals

Your claim will be handled by an experienced team, who will complain to your lender on your behalf.

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Reclaimed funds to be Transferred

After a claim is successful, the redress money is transferred straight to you.

Our claims handler Sanderson Drake have a 4.4* Trustpilot score

"They have done it again. After fees paid to them £3200 in the bank, money that was long gone 10 years ago. Thank you very much . Laura was extremely helpful this morning Very much appreciated." - RY, Trustpilot

"You helped me a lot, saved me from bankruptcy. Very professional. I want to thank you all for your effort. You save me and my kids." - SH, Trustpilot

"Very good service . I received great results with little effort" - LC, Trustpilot

"Excellent support and service. I received back approx £3,500. Highly recommended and easy to deal with." - KW, Trustpilot



Are Amigo Loans In Trouble?

Amigo Loans has been banned from lending since May 2020 by the FCA. Since then they have made it clear they will go bust if they can't get a "scheme of arrangement" approved to pay the costs of customer redress from complaints. This would mean that claimants get paid an estimated 41% of the compensation they would normally be owed from a claim. This is more than they would get if Amigo went bankrupt and into administration. Currently, the court has approved the scheme, however, they still need to jump through a couple more hoops to get it over the line (e.g. raising funds and being allowed to lend again).

Why Use The Claims Guide For My Claim?

Help Maximising Claims - We will go through your previous borrowing and help you claim from an extensive list of lenders. Other claims companies will more likely turn you away if you are not claiming against one of their few approved lenders.

Low Fees - Our rates are also competitive and lower than many other claims management companies. You pay nothing upfront and we work on a no win no fee basis. A breakdown of our fee structure can be seen here.

We Make It Easy - Claiming a refund can be a daunting task. We make it easy and ensure everything you need is included so you don't have to spend much time on it.

Professional - Each claim is different and specific circumstances that are relevant to the claim should be explained by a professional. The Financial Ombudsman has previously been unable to progress some complaints that involved a “template” or “standard letter”.

How Much Will I Receive If My Claim Is Successful?

If you successfully claim a refund from a lender, you can claim back the interest and charges on your loans, plus, typically, 8% statutory interest. For more information on how this is calculated click here.

What Information Do I Need to Provide?
You just need to provide the name of your lender and your personal details including the address that you lived at when registering with them. Once you have given these we can obtain details of any loans where a refund may be due.

How much will I be charged?

Claiming through us always works on a no win no fee basis, meaning you won't pay a thing unless you win compensation. You will have the right to cancel the agreement within 14 days with no penalty. If you cancel after 14 days you may be charged for work done up until the time of cancellation. We use multiple partners to ensure we are able to offer claims against all lenders, from whom we receive payments. The exact fee structure will depend on which lender you are claiming against, as this decides which of our partners is most suitable for your claim. A breakdown of our fee structure can be seen here. The fees for Diesel Emissions Claims are calculated differently due to it being a group action lawsuit.

How Do I Submit My Claim?

Simply complete our online application form by clicking on the "Get Started" button. This is the first stage of your complaint to the payday lender where you could receive compensation. For more information on the process please click here.

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