Provident Loan

SUGARSPICE

Hello All.

Has anybody had a loan with Provident? If so,could they let me know whether you think its a good idea or not.

Did it work for you?

stephen.rooke

my mum had one, the interest is massive. only use as a last resort

tealady

Have a look at the APR's, they are HORRENDOUS!!!! try a bank or credit union instead.

BartGirl

I desparately needed £400 asap cos i had council tax arrears plus owed about £100 on a credit card.
I had a handful of days to clear the CT arrears or they threatened court action - so i took out the Prov loan.
YES the APR was horrendous but i was aware from the start what the monthly payments were going to be and i stuck to that.
I have only just paid them off ( a year later :eek: ) but am glad to see the back of them.
I'd have described it as 'desparate times - desparate measures..'

sportage1kia

Hi there
I was advised not to to go with Provident because of the high interest rates but it depends on how urgent you need the money. I myself would join a local credit union, but you have to save first before you can borrow and it is normally 1 1/2 times your savings. Also I would try the local CAB who might have other companies they know.
Regards