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provident personal credit

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robnange
robnange Posts: 3 Newbie
in Debt-free wannabe
why does provident personal credit require your national insurance number.
ithought they didnot require informationfrom you astheydonot do credit checks.
:confused:
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Comments

  • file_wizzard
    file_wizzard Posts: 879 Forumite
    robnange wrote:
    why does provident personal credit require your national insurance number.
    ithought they didnot require informationfrom you astheydonot do credit checks.
    :confused:
    More than likely so they can trace/ identify you if you default. although how they get hold of the information is anyone’s guess.

    This company really are the lowest of the low, if you are even considering using them think about it very carefully
    :rolleyes: It’s hard enough remembering my opinions - without remembering my reasons for them :rolleyes:
  • Ember999
    Ember999 Posts: 1,022 Forumite
    1,000 Posts Combo Breaker
    robnange wrote:
    why does provident personal credit require your national insurance number.
    ithought they didnot require informationfrom you astheydonot do credit checks.
    :confused:

    I worked for this company many years ago in the office. Avoid like the plague is all I will say.

    Ember xx
    ~What you send out comes back to thee thricefold!~
    ~
  • Addicted2Chocolate
    Addicted2Chocolate Posts: 747 Forumite
    they are laon sharks totally immoral charging over 100% APR and i cannot see any justification for them needing your NI number....
  • davels
    davels Posts: 109 Forumite
    Pull your pants down... lean forward... your about to get a provident loan.
    Only Irish coffee provides in a single glass all four essential food groups: alcohol, caffeine, sugar, and fat.

    :coffee:
  • file_wizzard
    file_wizzard Posts: 879 Forumite
    davels wrote:
    Pull your pants down... lean forward... your about to get a provident loan.
    Many a true word said in jest !
    :rolleyes: It’s hard enough remembering my opinions - without remembering my reasons for them :rolleyes:
  • Penny-Pincher!!
    Penny-Pincher!! Posts: 8,325 Forumite
    OH used to work for them and they require NI number for tracing purposes incase you go AWOL.

    They do do credit checks and searches are made on your credit files!

    They do charge extortionate interest rates but most people who take out the loans are people with very bad credit/on benefits/non british people etc so they do have little choice/options available to them.

    My husband used to hate working for them!

    PP
    xx
    To repeat what others have said, requires education, to challenge it,
    requires brains!
    FEB GC/DIESEL £200/4 WEEKS
  • moo842
    moo842 Posts: 446 Forumite
    i got a letter from these guys offering me credoit at 177% do you think it was a typing error? or do they really charge that much?
  • file_wizzard
    file_wizzard Posts: 879 Forumite
    moo842 wrote:
    i got a letter from these guys offering me credoit at 177% do you think it was a typing error? or do they really charge that much?
    They obviously liked you, their rates can be far more than that if they really try !
    :rolleyes: It’s hard enough remembering my opinions - without remembering my reasons for them :rolleyes:
  • crystal_clear
    crystal_clear Posts: 544 Forumite
    robnange wrote:
    why does provident personal credit require your national insurance number.
    ithought they didnot require informationfrom you astheydonot do credit checks.
    :confused:

    My cousin worked for them from the 90's to 2000 so i asked and the reply was They conform to data protection act and do credit searches using your NI number and it is also used by outside collection agencies and courts if you later default and the matter is taken or passed on further.

    I agree with others avoid like the plague interest rates are beyond belief but I am also told they are on the whole cheaper than many others :eek: SO what they charging at these other places :eek: :eek:
    £2.00 savings club =£2.00
  • file_wizzard
    file_wizzard Posts: 879 Forumite
    crystal_clear wrote:
    My cousin worked for them from the 90's to 2000 so i asked and the reply was They conform to data protection act and do credit searches using your NI number
    Would love to know how they think that one works, your NI number is in no way shape or form linked to your credit file.

    The only purpose i can see in obtaining the NI number is to prove beyond reasonable doubt that you are who you claim to be on the application form, and also if any recovery procedure needed to be undertaken as a restult of a default then the NI number could again be used to validate identity.

    However as far as I am aware no private company has access to the data base of all NI numbers, so they would have to use this method of ID validation on a case by case basis
    :rolleyes: It’s hard enough remembering my opinions - without remembering my reasons for them :rolleyes:
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