MoneySavingExpertAmigo wants to limit guarantor loan mis-selling payouts to avoid going bust – what it means for you

Anyone with a current or future guarantor loan mis-selling claim from the sector’s largest lender, Amigo Loans, may not get the full redress. It’s because the firm has asked the courts to approve a new scheme which would limit payouts and set a time restriction on them in a bid to stave off liquidation given the surge of complaints it’s facing.