Introduction

The legal system can be complex and intimidating for many people, especially those who are unfamiliar with the intricacies of the law. This is especially true when it comes to loan agreements and other financial contracts. Amigo Loans, a UK-based lender, has recently developed an AI-powered app called Legalese Decoder to help borrowers better understand their loan agreements. This article will discuss how the Legalese Decoder app can help borrowers understand their loan agreements and get their money back if they are eligible for a refund.

What is Legalese Decoder?

Legalese Decoder is an AI-powered app developed by Amigo Loans to help borrowers understand their loan agreements. The app uses natural language processing (NLP) to break down complex legal jargon into simple, easy-to-understand language. It also provides helpful tips and advice on how to best use the loan agreement to get the most out of it. The app is available for both Android and iOS devices.

How Can Legalese Decoder Help Borrowers?

Legalese Decoder can help borrowers understand their loan agreements and get their money back if they are eligible for a refund. The app can help borrowers identify any potential issues with their loan agreements, such as hidden fees or unfair terms. It can also provide helpful advice on how to best use the loan agreement to get the most out of it. Additionally, the app can help borrowers identify any potential refund opportunities and provide guidance on how to pursue them.

Statistics

Since its launch in 2019, Legalese Decoder has been used by over 200,000 borrowers. According to Amigo Loans, the app has helped borrowers save over £2 million in fees and interest. Additionally, the app has helped borrowers secure over £1 million in refunds.

Conclusion

Legalese Decoder is a powerful AI-powered app that can help borrowers understand their loan agreements and get their money back if they are eligible for a refund. The app uses natural language processing to break down complex legal jargon into simple, easy-to-understand language. It also provides helpful tips and advice on how to best use the loan agreement to get the most out of it. Since its launch in 2019, Legalese Decoder has been used by over 200,000 borrowers and has helped them save over £2 million in fees and interest, as well as secure over £1 million in refunds.