Nemo rumoured to have won Argos contract

Nemo Personal Finance is believed to have fought of rivals to become Argos main business partner for secured loans.

Central Trust is also rumoured to have been appointed as a secondary partner and will get a percentage of the leads.

Argos did offer the loans through FirstPlus until it pulled out of the secured loan market in August.

Nemo would not comment as to whether it had been successful, while Argos says it is still making a decision.