Provident loan

glennstar

sarahhellhound wrote: »

Would this come under irresponsible lending?
Any advice please

Provident Door Step products have been reviewed by the OFT and FCA for a significant number of years and constantly get a fantastic bill of health. The fact the you mention Would this come under irresponsible lending? makes me think you have an ulterior motive.

The Provident Group has been in the business of lending money to your demographic since the time of Florence Nightingale, I doubt they have a rouge agent "making suggestions". My experience of these guys and girls that they operate in an extremely equitable manner.

Would you care to add any additional information for some real help?

I am not affiliated with or have ever been associated with the Provident group of companies.

Arleen

sarahhellhound wrote: »

Ps the money was not frittered away it was used to get to car so he could get back to work after illness

Then what's the problem? Can't he just repay the loan and move on with his life, happily uncaught?

marcarm

sarahhellhound wrote: »

They seem to prey on the vulnerable in this area he was desperate to get his life back on track this seems immoral to me not the only person it has happened to around here when you are desperate they seem to take advantage and target you so they can make a quick buck like a shall we say nice loan shark

And I'll say it again, he was not forced to sign and accept the money. He may have been persuaded, hell he was talking to a salesman and that's what they do, but at any time up to signing the document and accepting the loan he was free to say no and kick him out of the house, but he chose not to.

Why doesn't he sell the car, repay the loan and he will be back to where he was before this started, maybe paying a shortfall?

This really is what is is like nowadays, always someone else's fault. Why can't people accept they have made a mistake? Nobody takes responsibility anymore.

glennstar

marcarm wrote: »

And I'll say it again, he was not forced to sign and accept the money. He may have been persuaded, hell he was talking to a salesman and that's what they do, but at any time up to signing the document and accepting the loan he was free to say no

I'm not sure I entirely agree;

1. when people are under duress (for any given value thereof) they do not make sensible decisions... so saying you didn't have to do it is not terribly helpful.
2. I take umbrage at the suggestion (and again I state I have no affiliation with Provident) that these guys are "salesman". The are all, every last man jack of them, qualified and regulated in this line of work with quite an amount of discretion and control and, more importantly, responsible for the loans they write.

marcarm wrote: »

Why doesn't he sell the car, repay the loan and he will be back to where he was before this started, maybe paying a shortfall?

Sell a depreciating asset 2 minutes after it was acquired!? Really!?

marcarm wrote: »

This really is what it is like nowadays, always someone else's fault. Why can't people accept they have made a mistake? Nobody takes responsibility anymore.

Ah yes. I'm rather hoping, marcum, that you are as old as I am... as this is exactly what I was thinking... although it dawns on me that maybe we all need a little life experience to spot these sorts of mistakes - and that having others comment with the benefit of hindsight might not be that well received, as valid as your observation on the matter is.

[Deleted User]

sarahhellhound wrote: »

Ps the money was not frittered away it was used to get to car so he could get back to work after illness

Jeez, Who else would have helped then?

Your fella no doubt had no family members he could ask.

Respects to him for being positive tho and trying to better himself, (because I kinda know the shame well in taking out these loans once upon a time) He should be more prouder if his on way to settling or paid up.
Please don't get engrossed in the I got thousands back.

I didn't and karma's loved me back in the end I think.

dealer_wins

sarahhellhound wrote: »

Ps the money was not frittered away it was used to get to car so he could get back to work after illness

Boom so he is back at work, pay off the loan, and be grateful for someone who risked his job by bending the rules to help him out when the chips were down.

Surely you wouldn't want the agent to suffer seeing how he put his job on the line to help!

antrobus

sarahhellhound wrote: »

My partner was given a provident loan even though he had no income the agent put on his form that he was in employment and happily handed over £800 pounds.would this come under irresponsible lending? ....

Based on the facts you have provided;

sarahhellhound wrote: »

Ps the money was not frittered away it was used to get to car so he could get back to work after illness

then, no. I don't see how it could be 'irresponsible' for a lender to advance £800 to somebody to buy a car that allows them to get back to work.

sarahhellhound wrote: »

...Any advice please

Pay back the loan, and keep your fingers crossed that no one ever finds out that your partner knowingly made a fradulent loan application. A criminal conviction is not going to help their future career.