Provendent.......New ploy to get more money from us.

neverlearn

Well, yesterday morning, I got a phone call from my Provident Agent to say.......... they have found 3 debts in my name.

She gave me the company name and the amounts ( i am assuming these are the debts thats I have in my signature under DCA £???.

she had the original company names not the DCA names.

She told me That Provident have a new scheme, where they will pay these Debts and i will then pay them and they will deduct money off each account to "help" me !

I could not talk to her as I had company at home. So she is going to call on Monday.

Now I have no intentions of getting any more loans but I want her to call, as I want to know.

1. Who gave permission to search my credit file now ?

2. If they have had this information from searching when I first applied for a loan, have they got the right to hold that information, after giving me a loan ?

Any information welcome, for when she arrives on Monday, expecting me to sign up for another 3 loans.


On a good note, I now know that the amount that was £??? is £600

:money:

chanz4

they have been buying a load of old debts, tell em to take a walk

neverlearn

Hiya chanz4,

Am I to assume that there are now a DCA aswell now ?

As anyone ever paid there provident via standing order ? If she is now going to be at my door every week harassing me for other payment I would rather she did not call at all. But I need to pay my loan payments.

:money:

WRINKLES

neverlearn wrote: »

Well, yesterday morning, I got a phone call from my Provident Agent to say.......... they have found 3 debts in my name.

She gave me the company name and the amounts ( i am assuming these are the debts thats I have in my signature under DCA £???.

she had the original company names not the DCA names.

She told me That Provident have a new scheme, where they will pay these Debts and i will then pay them and they will deduct money off each account to "help" me !

I could not talk to her as I had company at home. So she is going to call on Monday.

Now I have no intentions of getting any more loans but I want her to call, as I want to know.

1. Who gave permission to search my credit file now ?

2. If they have had this information from searching when I first applied for a loan, have they got the right to hold that information, after giving me a loan ?

Any information welcome, for when she arrives on Monday, expecting me to sign up for another 3 loans.


On a good note, I now know that the amount that was £??? is £600

:money:

Hi neverlearn , my advice to you is , ring Provident tell them you do not want to take uo their offer , tell them you want another collector to call at your house , what they are trying to do is get you to take out a loan with them to pay debts owed to dca , s , this is illegal , tell them you are seeking advice and will be making a complaint to the relevant regulatory bodies,it is never a good idea to take out a loan to pay a debt , this just puts you in more debt ,

neverlearn

Hiya wrinkles.

I think they maybe thought if I was faced with my collector every week I would take out the loans ?

I cannot believe this ? I can see me having a full scale battle on Monday !

:money:

neverlearn

Does anyone know what the relevant legal body, this situation would come under ?

:money:

WRINKLES

neverlearn wrote: »

Does anyone know what the relevant legal body, this situation would come under ?

:money:

FSA , FOS , TRADING STANDARDS , these three for starters , then your MP ,

neverlearn

OK, Thank You for that information Wrinkles

:money:

WRINKLES

neverlearn wrote: »

OK, Thank You for that information Wrinkles

:money:

Let us know what they say , Provident are a scumbag outfit who prey upon people who are living below the poverty line, credit unions are a much better option .

neverlearn

I will keep you updated. It will be Monday before there is any new information from Provident. I am going to write a list of questions to ask and the names of the relevant legal bodies. Doubt she will be expecting all that. And to top all that. I believe the three debts are over 6yrs old. Wont go on about it as it all in my diary thread.

In my diary thread. I posted a few days ago that, I had been to my local credit union and put in £5, she explained everything to me, so I am going to put into there regularly. Lady said it should not be a problem to get a loan but they do like to see regular saving first. So that will be my safety net in future, should I ever need a loan again. Hopefully not.

:money:

chanz4

Provident have bought the debts from dca's, they are not breaking any laws as they are offering an intrest free refinance plan and you can decline it.