Yes! Car Credit to Close - GOOD RIDDANCE

withabix
withabix Posts: 9,508 Forumite
in Debt-free wannabe
Provident Finance, that rip-off loan shark is to close their Yes! Car Credit business next month.

It made a £24 million loss last year. GOOD!

Good riddance to bad rubbish.

It's a shame Provident aren't closing down altogether!!!
British Ex-pat in British Columbia!
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Comments

  • silverfoxdude
    silverfoxdude Posts: 1,331 Forumite
    Great news.. I had a bad time with Provident and feel they are dispicable. So part of them are closing.. Hooray!!

    Thanks for the good news iainkirk
  • ---lee---
    ---lee--- Posts: 921 Forumite
    I just had to say YES!

    Although it’s a shame for the employees, especially at this time of the year.
  • tigtig
    tigtig Posts: 98 Forumite
    I have heard some really bad stories about Yes car credit, A company like that could have worked so well without ripping off people with poor credit histories. I went to welcome car finance in the end. There APR is slighty higher than Yes but they seem to have a better reputation.

    I know how hard it is to get a car with a bad credit history.
  • rchddap1
    rchddap1 Posts: 5,926 Forumite
    Fantastic...what great news.
    Baby Year 1: Oh dear...on the move

    Lily contracted Strep B Meningitis Dec 2006 :eek: Now seemingly a normal little monster. :beer:
    Love to my two angels that I will never forget.
  • Justicia
    Justicia Posts: 1,437 Forumite
    First Anniversary Combo Breaker
    Excellent news, that! :beer:

    It's a shame that it didn't decide to just not exist to begin with...

    Any links to your source so that we can all revel in the glory!! lol ;)

    :)
    "Part P" is not, and has never been, an accredited electrical qualification. It is a Building Regulation. No one can be "Part P qualified."

    Forum posts are not legal advice; are for educational and discussion purposes only, and are not a substitute for proper consultation with a competent, qualified advisor.
  • rchddap1
    rchddap1 Posts: 5,926 Forumite
    Here's some news if you're interested:-

    http://news.bbc.co.uk/1/hi/business/4528162.stm
    Baby Year 1: Oh dear...on the move

    Lily contracted Strep B Meningitis Dec 2006 :eek: Now seemingly a normal little monster. :beer:
    Love to my two angels that I will never forget.
  • Justicia
    Justicia Posts: 1,437 Forumite
    First Anniversary Combo Breaker
    Thanks for the link :)

    I liked this bit best, I think;
    Provident said tough competition and changes to the regulatory environment had changed trading conditions, and Yes had ceased to be profitable in 2004.

    Mwahahahahahaaaaaa!!!
    "Part P" is not, and has never been, an accredited electrical qualification. It is a Building Regulation. No one can be "Part P qualified."

    Forum posts are not legal advice; are for educational and discussion purposes only, and are not a substitute for proper consultation with a competent, qualified advisor.
  • CharleneUK
    CharleneUK Posts: 3,206 Forumite
    Name Dropper First Post Photogenic First Anniversary
    Fantastic! They really are the pits.

    Provident just wrote to me offering me a loan for the christmas time, I ripped it up and mailed it back to them :D
    "I did then, what I knew then. And when I knew better, I did better"
  • James240
    James240 Posts: 16,387 Forumite
    Name Dropper Photogenic First Post First Anniversary
    Excellent!!!!

    I feel sorry for some of the employees, the ones that are honest and do there job, but not for the ones that have ripped off and fleeced thousands of people who cant afford to get a car by any other means.
    Savings Total so far for 2023: £8,062.58
  • Realist
    Realist Posts: 256 Forumite
    First Post First Anniversary Combo Breaker
    Are these the same people called "Welcome Finance"????

    They do the same tricks and charge a wack in interest as well.
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