Guarantor lender enters administration
Guarantor lender Buddy Loans (Advancis) has entered administration.
Shane Crooks, Antony Nygate and Kiri Holland have been appointed as joint administrators of the company.
Buddy Loans is a high cost and guarantor lender, which lends money to customers for up to 60 months
All existing loan agreements remain in place and will not be affected by the proposed administration. However, the firm is no longer able to issue new loans