Provident Loan question

Chantelletj

Hello,

New to this, so apologies..

Cut a long story short, I applied for provident loan online, got accepted and an agent rang me and arranged to come round to see me tomorrow. :j

But, and this is a big but.. im struggling to find acceptable proof of address.. I'm a lodger at a family friends house therefore I have no utility bills, I have recently moved here so my provisional driving licence address has not been changed from my previous one yet, I do not gold a passport.

PLEASE can someone help who has been in the same boat as me or advice on what I could use as proof of address? :S

enfield_freddy

bank statement , letter from DWP or council tax/rent allowance , I thought that a provisional licence was not acceptable , when working in the off licence trade , local police would not accept a customer showing a provisional (easy to obtain)


with the above in mind the person from provident could quite realistically think that you are just house sitting whilst owner away (or feeding cat) and should decline a loan

HappyMJ

Bank statement?

If your proof of address is somewhere else can you get the agent to go to the address you have the proof for and get the loan from there.

Do you have any mail from the DWP or HMRC? That can be used as proof of address.

Just as an aside....it's your choice. You do know that Provident is a very expensive way of getting the funding to buy what you need. There are many other alternative options available all of which would be much cheaper and less damaging to your credit rating.

So my question...what is that you need so desperately that you need to borrow money from a doorstep lender?

Chantelletj

I mentioned bank statement to the agent and the she said it would not work (plus, I have online bank statements but would be willing to go to the branch to ask for one). I don't have council tax, rent allowance. I also mentioned provisional driving licence on the phone to the agent and she said yeah that will be OK and then it clicked it's in my old address, so not ok now.

Chantelletj

I have moved 190 miles away from my previous address so that's not an option. My letters from the taxman were in mt previous address.

Provident was the first thing that popped into my head and to be totally honest its the only comany that I knew of that i could get money from and fast (well obviously not given proof of adress issues). I need it for Christmas

DCFC79

Chantelletj wrote: »

I have moved 190 miles away from my previous address so that's not an option. My letters from the taxman were in mt previous address.

Provident was the first thing that popped into my head and to be totally honest its the only comany that I knew of that i could get money from and fast (well obviously not given proof of adress issues). I need it for Christmas

Why for Christmas ?

You working ?

Chantelletj

Its mainly for christmas i have a huge family and big birthdays coming up. Its come round so fast. Yes, I'm working but personlly i would rather get everything done and dusted out of the way and pay back weekly, i stress otherwise.

DCFC79

Chantelletj wrote: »

Its mainly for christmas i have a huge family and big birthdays coming up. Its come round so fast. Yes, I'm working but personlly i would rather get everything done and dusted out of the way and pay back weekly, i stress otherwise.

Why have you not saved up for it ?

No need to spend huge amounts for Christmas, you don't need to spend anything if your budget is non existent.

It's not a requirement you have to buy presents.

HappyMJ

Chantelletj wrote: »

Its mainly for christmas i have a huge family and big birthdays coming up. Its come round so fast. Yes, I'm working but personlly i would rather get everything done and dusted out of the way and pay back weekly, i stress otherwise.

Seriously.

Christmas and Birthday presents are not a "need".

You should only ever borrow money for a need. i.e your car has broken down and needs urgently fixing so you can get to work and earn money.

Shop around find your presents discounted and buy them using cash that you've saved. Stop spending any of your income on going out. Stay at home. If you haven't saved cash forget about it. It's not the end of the world if people don't get a present from you.

You don't even have a proper home. People will understand that you cannot afford to buy presents.

How much are you planning on borrowing at interest rates of up to 1048% APR.

£300 will cost £30 a week for 14 weeks.
£500 will cost £32.50 a week for 23 weeks.
£600 will cost £30 a week for 32 weeks.
£900 will cost £31.50 a week for 52 weeks.

You could save
£300 in 10 weeks at £30 a week...why add 4 weeks on this?
£500 in 16 weeks at £31.25 a week...why add 7 weeks on this?
£600 in 20 weeks at £30 a week....why add 12 weeks on this?
£900 in 30 weeks at £30 a week....why add 22 weeks on this?

Way cheaper to save as much as you possibly can between now at Christmas and do your shopping on Christmas Eve.

Chantelletj

I came down to my current town in late July with just myself and a suitcase of clothing and I started working soon after that and almost every single penny went towards moving my personal items that were 190 miles away down to me. Now that has been sorted its time for Christmas and celebrations.

HappyMJ

Chantelletj wrote: »

I came down to my current town in late July with just myself and a suitcase of clothing and I started working soon after that and almost every single penny went towards moving my personal items that were 190 miles away down to me. Now that has been sorted its time for Christmas and celebrations.

Starting your credit history off with a doorstep loan is a very bad idea.

Have you tried a credit builder credit card? You could borrow maybe £200 at interest rates of around 34.9% APR. The first 3 months would be free of any interest at all on your purchases.