We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
MSE News: Provident is latest firm caught sending misleading payment demands
Options

Former_MSE_Paloma
Posts: 531 Forumite


in Loans
Short-term lender Provident is the latest firm to have used dubious 'legal' tactics to pressure people to pay off debts ...
Read the full story:
Provident is latest firm caught sending misleading payment demands

Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
Provident is latest firm caught sending misleading payment demands

Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
0
Comments
-
Provident are owned by Unum so I am not the least bit surprised at their dirty tricks.Blessed are the cracked for they are the ones that let in the light
C.R.A.P R.O.L.L.Z. Member #35 Butterfly Brain + OH - Foraging Fixers
Not Buying it 2015!0 -
external firms, means bigger costs for the debtorDon't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.0
-
Misleading payment demands to people who have failed to pay back what they borrowed.
Not sure I would trust either party in this grand mess of lies, deceit and broken promises."We act as though comfort and luxury are the chief requirements of life, when all that we need to make us happy is something to be enthusiastic about” – Albert Einstein0 -
I don't see anything misleading about that letter if you bother to read it fully. It is from a solicitor, they state their relationship to Provident, and they state that they are referring the case to a debt collection agency. What is misleading about that?0
-
I don't see anything misleading about that letter if you bother to read it fully. It is from a solicitor, they state their relationship to Provident, and they state that they are referring the case to a debt collection agency. What is misleading about that?
It's misleading because it's designed to make it look like you're dealing with someone other than Provident. They put in small print that they're an in-house recoveries unit for Provident subsidiaries, but how many people actually read the header and footer on letterheaded paper?
Most people only bother with the content - you know, the important bit.
It's like if I come up to your house and state that I'm from CK Edrupt & Co, but wear a Provident ID badge down near my waist, where you're unlikely to see it. It is very misleading.What will your verse be?
R.I.P Robin Williams.0 -
external firms, means bigger costs for the debtor
No one is suggesting they use external firms, just that they identify themselves as who they actually are rather than acting like they're an external firm.
I had some debt with Halifax a few years ago and I know that Halifax did send out some debt demands themselves, but they then passed it onto Blair, Oliver & Scott. Makes you wonder why Halifax would pass it onto their in-house debt collection unit at all when they send out their own demands anyway. It's clearly done to mislead.What will your verse be?
R.I.P Robin Williams.0 -
To be clear; we are not talking about Provident Financial plc a uk listed lender.0
-
Pinner_Ram wrote: »To be clear; we are not talking about Provident Financial plc a uk listed lender.
To be clear, WE ARE talking about Provident Financial plc a uk listed lender.
They even share the same address as Provident Financial plcStill rolling rolling rolling......<
SIGNATURE - Not part of post0 -
All these companies are committing fraud. If people are unable to pay or fall behind these company's send it down the hall and add more fees, and say they are lawyers... These companies should have there licences revoked, absolutely disgraceful, :money:0
-
maybe just maybe the people who borrow the money could pay back the loan they choose to take out which would avoid any letters at all. If you get into financial trouble you contact the manager who makes an arrangement to reduce your payments...I should know I used to be a provident agent0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards