Robert Spence and Gareth Slater of Interpath Ltd were appointed as Joint Administrators (“the Joint Administrators”) of Amplifi Capital (U.K) Limited (“ACL”, or the “Company”) by the Company’s directors on 9 June 2026 (the “Administration”). ACL trades under the names Reevo Money, which previously provided personal loans to consumers, and My Community Finance, a credit broker for a network of credit unions, namely Castle Community Bank (“CCB”). For customers who have loans or savings with CCB, your loan and savings will not be impacted by the administration.

Shortly prior to the appointment of the Joint Administrators, processing of Reevo Money loan applications ceased and have since ceased lending.

However, customers will continue to be supported, with the Customer Portal, customer service team and processing of direct debit repayments all continuing to operate as normal. It is important that customers continue to make payments on outstanding loans held with Reevo Money and CCB as they fall due, as not doing so is likely to impact their credit rating/profile and ability to borrow.

FAQs for customers of Reevo Money regarding the impact of the administration are provided – click here.

Castle Community Bank “CCB” and My Community Bank “MCB” are two separate legal entries that are not impacted by this announcement and can be accessed via:

CCB: Castle Community Bank

MCB: My Community Bank

Further information for customers, including an initial list of frequently asked questions (“FAQs”), is provided for your information at the Company website: https://www.mycommunityfinance.co.uk/help/for-customers/

The Company’s customer service centre continues to operate as normal.

How does the loan calculator work?

Our personal loan calculator takes the amount you want to borrow, the representative interest rate and repayment term to give you an approximate idea of how much your monthly repayments could be on a loan from one of our credit union partners.
The overall cost of your loan may be higher or lower than the example provided - the loan calculator should be used only as a guide.

What is APR?

APR stands for annual percentage rate and is a figure used to help you understand the total cost of a loan, including the interest rate and any additional fees or charges. All loan providers must tell you what the APR of your borrowing will be before you sign a credit agreement.

How do you calculate a monthly repayment on a personal loan?

My Community Finance is a broker, not a lender. We’re providing the following information as a guide only. Your monthly loan repayments will be made to the lender - one of the credit unions we work with.

Your loan repayments are calculated by dividing the amount you want to borrow with added interest by the length of the term of your loan (the number of months or years you want to borrow the money for).

The loan repayment calculator will do this sum for you, providing you know how much you want to borrow from one of the credit unions we work with and how long for.
It’s important to remember the loan calculator should only be used as a guide - it uses a representative APR, which gives an indication of how much interest a typical borrower will be charged.

When you apply for a loan with one of our partner credit unions, you’ll receive a personalised interest rate based on your personal circumstances.

This may be different from the representative APR used in the loan calculator, and the overall cost of your loan may be higher or lower than the example provided.

Does a loan calculator affect my credit score?

No - using a personal loan repayment calculator won't impact your credit score. It's a tool to help you understand how much a loan from our partner credit unions might cost, using a representative APR.

The calculator will only use the information you provide and won't check your credit history. We'd only check your credit rating if you decided to apply for a loan via one of the credit unions we work with.

How do I calculate interest?

It's easy to calculate how much interest you'll pay on a loan if you have the correct information. You’ll need the amount you want to borrow, the representative interest rate and total number of months you'll repay the loan over.

Your monthly repayment will be the same each month.

How much can I afford to borrow?

The amount you can afford to borrow will depend on your personal circumstances.

You can start working this out by adding up your monthly incomings and subtracting your monthly outgoings. Once you've done that, you should also budget for one-off annual costs like holidays, car repairs and funds for unforeseen emergencies like fixing a broken boiler or replacing a washing machine.

Whatever you have left over is what you can afford to borrow in monthly repayments.

It's vital to be realistic about how much you're regularly spending every month so you don't overstretch yourself financially by taking on a loan you can't afford.