Quick Answer: Can You Claim PPI From Amigo Loans?

No, Amigo Loans have never added PPI to our loans.

There is no PPI on any loan you have or had with us.

Can you stop being a guarantor for Amigo Loans?

Unfortunately, if you have signed the loan agreement and the loan has been successfully paid out, you cannot stop being someone’s guarantor. So the answer is simply, ‘no.

How far back can I claim PPI on a mortgage?

How far back can I go? As long as the PPI was active within the past six years (or is still active), then reclaiming is fine: for example, you took it out in the Nineties but were still paying it five years ago. For older policies, you can still try to reclaim (and some succeed), but the chances are lower.

Can Amigo loans be trusted?

Amigo Loans uses the tag line “if your friends trust you, we can too”. But on closer inspection this claim doesn’t quite ring true. In reality, Amigo isn’t putting its trust in the borrower but putting a legal obligation on to the borrower’s friend to repay the money.

Do Amigo Loans send letters?

It’s important your guarantor always knows exactly what’s going on with the loan, so we’ll post a confirmation letter once it’s been paid out. We’ll also send monthly statements after the loan has been paid out so that they know how you’re getting on with the repayments.

How do I remove myself from being a guarantor?

Steps

  • Speak with your guarantor. Talk to your guarantor about why you would like to remove her or why she no longer wants to act as your co-signer.
  • Review the terms of your loan.
  • Schedule a meeting with your lender.
  • Explore your options.
  • Make the best decision for you and the guarantor.
  • Renegotiate the terms of your loan.

Can a guarantor withdraw his guarantee?

1) You have to see the guarantee deed. Normally, the deed should contain something like “the guarantor shall not revoke/withdraw his guarantee without the prior written consent of the bank in writing.” This means that the guarantor can withdraw his guarantee if the bank chooses to let him do that.

Can you claim PPI from 20 years ago?

Yes, you can claim from 20 years ago. However, you might find it to be more difficult unless you have the old financial paperwork with evidence of the PPI policy. However, it’s not impossible. Our financial experts at Canary Claims can try to uncover any mis-sold PPI policies for you.

Can you claim PPI from 30 years ago?

Even if your account is inactive or has been closed for longer than six years, it’s still possible to make a PPI claim. You can claim back as many years beyond the six-year time limit if you believe that PPI was mis-sold to you. If you have all of the correct paperwork, it will make the claim easier.

How much PPI will I get on a 3000 loan?

£3,000 Loan PPI Example:

Loan Amount: £3,000 over 5 years (60 months) at 7.9% APR. PPI on loan: £600 (PPI policies vary in cost. It is often 20%, i.e. 20% of £3,000 = £600.)