provident personal credit

moxie_2

I keep getting unsolicited letters from this lot, offering me loans at average apr of 177%! Of course I'm not going to go there, but how have they got my details? They seem to know that I have a terrible credit record, defaults etc. Who told them?

Arnold's_mrs

HEY LOOK AT ME I'M STUPID!!!!!

I have 3 loan with them, i used to pay then £85 per WEEK
i paid the loans for 12 months !!!!BAD THINGS HAPPENED happened and now i dont pay them anymore. i owe them in total on a £1000 loan £1360 and i've paid then for 12 months i also have another loan with them for £500 again been paying them for 6 months i owe now £660.

They are a discusting company who have sent the "Heavies" round to try and scare me and have even looked through my letterbox and shouted "we know you're in there your keys are on the table"

I was unemployed and was trying to pay bailiffs at the time i would NEVER touch this company or the sister company Greenwoods personal credit or
Shoppacheck whick is a member of Welcome finance group Avoid them like the plague they are not nice people and will use every tactic in the book to get your money i learned my lesson and am still suffering from them learn from my mistake don't do it PPPLLLLEEEAAAASSSSEEE

Arnold's_mrs

I can find my books and they wont tell you the Apr, and as for the NI number it's traceable and also they wont lend to immigrants that is one of the reasons they ask for it, as they have been taking loans and running away, free money.

rog2

Many people have tried to justify Provident's extortionate interest rates by saying that it is a 'short term' loan, often provided to people who would not be considered by mainstream lenders.
Often, though, as shown in these posts, the truth is somewhat different. Second, and subsequent, loans are offered for higher amounts so that the 'client' can 'pay off' original loan and still have 'money in his pocket'. Before long these 'clients' are trapped in the Provident clutches, borrowing to pay back borrowing.
Unfortunately, Provident and others are going to have a bumper time this Christmas - boosted by the FarePak scandal.

nomoneytoday

robnange wrote:

why does provident personal credit require your national insurance number.
ithought they didnot require informationfrom you astheydonot do credit checks.

Of course they do credit checks, otherwise I could pretend to be Mr J Smith of 10 Acacia Avenue

What they don't do is credit score very highly, where as a mainstream lender will cherry pick people to lend money to.

AGB863

They have changed their web pages and the link to the on line calculator and the APR you pay is below - have a play it is frightening

http://www.providentpersonalcredit.com/products/LoanCalculator.aspx

I use this when I give talks on debt and APR's

dazman36

If you have the credit rating you can get an overdraft or bridging loan for less but 98% of the customers have an adverse credit record and most high st financial institutes will not ouch them.
National Insurance number is taken to validate identity in line with the money laundering act their customers are not credit checked. They are given a small starter loan based on risk.