The rescue plan was put forward by Amigo after complaints about the lender rocketed to 13,000 in 2020 - up from 500 in 2019. High Court judge Mr Justice Miles yesterday rejected its pay-out scheme, saying he was "not satisfied that the court should sanction" it. It comes two weeks after the Financial Conduct Authority (FCA) also criticised the rescue plan, saying it wasn’t fair for customers to lose out on compensation. Do you have a complaint against Amigo Loans? “It placed a disproportionate burden on customers, as opposed to shareholders and bondholders, to keep the company afloat.”(Image: Getty)What does the decision mean for Amigo customers?

Source: Daily Mirror May 26, 2021 10:40 UTC