Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk
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5 Minutes min read

Updated: 2nd July 2024

Are you looking for a loan? Amigo Loans is no longer accepting new applications; however, CashLady could help you search for a suitable loan for your circumstances.

CashLady is a credit broker; we work with a large panel of lenders, all of whom are authorised and regulated by the Financial Conduct Authority (FCA). Our lenders offer short-term personal loans between £100 and £10,000. Depending on how much money you are approved to borrow, you could have the option to spread the cost of your repayments across a range of terms from 3 to 60 months.

Are Amigo Loans still trading?

Amigo Loans began winding down the business in May 2022 and is no longer offering new loans.

However, there are a number of alternative companies, including CashLady, who could help you search for a loan.

What happens if I already have a loan with Amigo?

If you already have an open loan with Amigo, you should visit the Amigo Loans website, which contains the most up-to-date information for existing customers.

The Amigo Loans website currently states:

"All outstanding loans remain subject to the existing payment terms agreed with Amigo. Customers should continue to make payments in the usual way."

As of February 2024, they also state that their call centre is still open to answer customer queries and can be reached on 01202 629161.

Can I stop paying my Amigo Loan?

The Amigo Loans website states that the terms and conditions of all loans remain as agreed when the loan was taken out and that payment is due in line with your agreement. If you fail to make your repayments, you will be in breach of your credit agreement. You could be charged late fees, and your credit score will suffer.

Are Amigo Loans refunding customers?

Amigo Loans is in the process of working through a high number of refund claims from customers who felt their affordability was not responsibly taken into account when they were approved for their loan. Amigo is aiming to complete responses to all claims by April 2024.

If you have any questions regarding your Amigo Loans claim, please contact them directly using the contact information on their official website.

You can find out more about the Amigo Loans Scheme and the latest developments here.

An Amigo Loans alternative: reasons to choose CashLady

  • We welcome all credit scores to search for a loan with us.
  • Our straightforward form is completed online, meaning you can search for a loan at a time and place that suits you.
  • We use soft search technology to scan our lenders for a suitable loan for you. Soft searches do not affect your credit score in any way.
  • If you’re approved for a loan with one of our lenders, your money could be sent the very same day.*
  • Our service is free to use – we will never charge you a fee.

Who can search for a loan with CashLady

You can search for a loan with CashLady if you:

  • Are over the age of 18;
  • Are a UK resident;
  • Have a UK bank account with a valid debit card; and
  • Have a regular income paid directly into your bank account.
Get my personalised quote

CashLady Representative 79.5% APR

Can I search for a loan with CashLady if I have bad credit?

Whether your credit score is perfect or poor, you’re welcome to search for a loan with CashLady. Some of the lenders on our panel specialise in loans for those with bad credit; however, loans are subject to affordability and the successful completion of a hard credit search by the lender.

Can applying for a loan affect my credit score?

When you apply for a loan directly with a lender, they will run a hard credit search on your credit profile. Most hard searches can remain on your file for up to 12 months, and too many hard searches over a short period of time could cause your credit score to decline.

Using a credit broker like CashLady to search for a loan could help to protect your credit score from multiple hard searches. When CashLady search for a loan for you, we use soft search technology to gain an insight into your credit history. This won’t harm your credit score and will not be visible on your credit file to other companies. You will only complete a hard credit check if we are able to match you with a loan offer.

How to search for a loan with CashLady

Here at CashLady, we understand that life isn’t always plain sailing. Not being able to cover the cost of a financial emergency upfront is a worry that many of us have had to contend with at some point in our lives. When you need money in a hurry, the last thing you want is to have to muddle your way through long, complicated forms.

Our online form should take less than five minutes to complete.

  • Fill in the form, answering the questions as accurately as possible.
  • In just 60 seconds, we’ll use the information provided to run a soft search on your credit profile and scan our lenders for a loan to suit you.
  • If we’ve found you a loan, you will be redirected to the lender’s website to complete your application. This will include a hard credit search.
  • Once the lender’s checks are complete and they are satisfied with the outcome, you will be sent a loan agreement to read through and sign. Make sure that you can comfortably afford the monthly repayments, which will include interest.
  • Once you have signed and returned the agreement, your money will be sent to you. Please note that every lender has different payout timeframes.

I’ve taken out a loan but can no longer afford my repayments. What can I do?

If you’re struggling to keep up with the repayments on your loan, you should contact your lender as soon as possible.

There may be several solutions they can offer you to help.

Where can I find money and debt advice?

Free money and debt management advice can be found across a number of websites, such as Citizens Advice, National Debtline, StepChange, and MoneyHelper.

CashLady Representative 79.5% APR

Representative Example

Amount of credit:
£1000 for 12 months
at £123.40 per month
Total amount repayable of £1,480.77
Interest: £480.77
Interest rate: 79.5% pa (fixed)
79.5% APR Representative

Warning: Late repayment can cause you serious money problems.
For help, go to moneyhelper.org.uk


Get your personalised quote today!

How much do you want to borrow? Representative 79.5% APR

CashLady Representative 79.5% APR