Provident Loan

Dan27

I took out a £500 loan last month. Have yet to make a payment. They want me to make a payment this friday 26th. I dont know whether I will be able to afford to make any payment till 9th August. They dont call at my home because I said I will pay by debit card. Which I did on previous loan. I just wandered if I should make a payment on friday or could they wait till the 9th. I dont want to contact my agent because he might put pressure on me to pay. I dont know what to do or who to talk to.

iolanthe07

If you gave them your debit card details they will probably just take the money when it is due. It will be much better for your credit rating if you pay on the date you agreed when you borrowed the money..

Dan27

They havent got my debit card details as I did not agree to a CPA but said I will pay by debit card.

Dan27

home loan i think

27col

davisbail wrote: »

what is meant by provident loan? Is this a type of home loan or some other type ?

Google it for yourself. You seem to be intent on getting yourself into debt without the faintest idea of anything to do with credit.

Apples2

Dan27 wrote: »

I said I will pay by debit card. Which I did on previous loan. .

In that case they do have your debit card details.

redpete

Dan27 wrote: »

I just wandered if I should make a payment on friday or could they wait till the 9th.

Presumably you agreed to make the first payment on Friday when you took the loan out (just last month), therefore of course you should make a payment on Friday. If however you don't have the money (presumably someone else undergoing 'unforeseen circumstance') Then you can't.

I dont want to contact my agent because he might put pressure on me to pay.

I too whould expect them to pressurise you to pay when you agreed to. I think that Provident agents have penalties if their borrowers don't pay when expected.

I dont know what to do or who to talk to.

You could discuss it with Provident and let them know the situation and try to persuade them to accept a later payment - be prepared for pressure to pay what you might not be able to afford and to be asked lots of questions.
You could discuss the situation with CAB or one of the debt charities to see what they might suggest.

Dan27

They haven't got my debit card details because I have changed my card no since then

gb12345

Dan27 wrote: »

They haven't got my debit card details because I have changed my card no since then

That won't stop them - they have a continuous payment authority to take the payment, which will transfer to your new card after you 'lost' the last one.

happy_bunny_2

Ring your bank to make sure any previous CPA is cancelled, just in case if worried they may take money. Bank may say they cant, but the have to.

Dan27

Didn't sign the cpa part. And if so how come nothing being taken. They are supposed to paid back weekly.