Amigo Loans Reports 40% Rise in Profits
Guarantor loan market leader, Amigo Loans, posted a 40% increase in profits this year, despite a 1.15% fall in share price at 262p. The Bournemouth based lender floated on the stock exchange earlier this year with a £1.3 billion valuation which pocketed £327 million for the founders of the company. The firm has since raised £150 million in the form of securitisation, taking their loan book into a
Read MoreBlack Friday Statistics
The Black Friday frenzy is upon us! Whilst the 'holiday' used to be a way for American companies to see their profits to go from the red into the black after Thanksgiving, the discounting day has become a worldwide phenomena and the UK has jumped on the bandwagon. Here are some quick stats on Black Friday for you: Expected spending to be £7 billion this year, up from £4.5
Read MoreArchbishop Welby Fails To Get Momentum For Loans Alternative
Britain's Archbishop of Canterbury, Justin Welby, has failed to get momentum in his war against 'high cost loans.' The regularly outspoken minister has always spoken openly about his war against high cost loans such as payday loans and other forms of high cost-credit. The Archbishop received a recent surge to his campaign against high cost lending when the market leader's Wonga, recent announced its administration. This comes falling an
Read MoreHow Many Guarantor Lenders Are There in the UK?
There are around 12 official guarantor lenders in the UK, making it quite a small but effective industry. The first lender was Amigo loans which emerged in 2005 and the other lenders followed suit. You can find statistics about the industry here. Guarantor Loan Comparison is an aggregator and comparison website for the main lenders in the country, helping you compare rates and find the best lender
Read MoreWhat are budgeting loans?
A budgeting loan is essentially a loan which provides extra money to those in society who are on benefits. This extra money is lent out in order to help people on benefits who are struggling to buy necessities and essentials. Unlike benefits, however, you will be required to pay back a budgeting loan. What can a budgeting loan help you pay for? Furniture Household equipment Rent in advance Costs which
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