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Hi, thanks for your enquiry. Have Amigo loans already sent out the loan amount or not? I look forward to hearing from you. Al
Hi, that's great. There is no cooling off period for a Guarantor, but a Guarantor is free to cancel the arrangement at any time before the money is lent. Amigo would normally wait a good few days after sending out the Guarantor's letter which your Son has received , before sending out the loan. Therefore, your Son is free to phone Amigo loans and say that he has changed his mind. They aren't open again until Monday, so please et him to give them a call first thing Monday! I hope this assists and sets your mind at rest. If I have helped, please don't forget to rate my answer. Kind Regards Al
Hi, he is free to pull out of the Agreement any time BEFORE the money I lent. If, for example, the money had been lent a couple of weeks ago, he would not be able to get out of it, unless the borrower paid back in full what was outstanding. I hope this clarifies matters for you. Kind Regards Al