Provident Selling Loans In Woolworths

carolwat

I never said it was the OP who made the flippant remark.

I can confirm that the above mentioned stores do have Provident agents and canvassers working in them from time to time canvassing for customers. Whether you have seen them or not doesnt really matter.

It is of course your choice to complain to management of HofF should you ever see someone canvassing but I dont fancy your chances of stopping it happening. The stores need to have a lot of vouchers spent in their shops to remain part of the Provident gift voucher scheme and if their sales fall below that then they will be removed from the list of retailers. Whether you like it or not people who are not like you are shopping at these places and using vouchers to pay. Some people obviously think they are better than other such as those with the chav comments.

I agree some agents may prey on those people who are more vulnerable but please dont tar all agents with the same brush. If you know of an agent knowingly ripping people off them please report them otherwise leave people to make their own minds up where they choose to get their credit from.

codger

carolwat wrote: »

I agree some agents may prey on those people who are more vulnerable but please dont tar all agents with the same brush. If you know of an agent knowingly ripping people off them please report them otherwise leave people to make their own minds up where they choose to get their credit from.

Provident's operation is posited on hooking people who can't get 'regular' credit and offering them loans on repayment terms which make their financial position even worse.

Drawing attention to some rogue agent or other is like blaming the cabin boy for the course taken by a ship. He's not at the helm; he just goes along with it.

The day that every one of the stores you mention allows a representative of a local Credit Union to take space alongside that occupied by a representative of Provident is the day I'll bin my objections.

Though admittedly, that'll also be the day when flying pigs really will fill the skies.

Homework

It doesn't matter how nice the agent is.

If you went into the bank and asked for a loan and they gave you a leaflet offering 180+% you would run out. Some people though have no choice and pay these kind of rates in desperation.

If the rates were 2 or 3 % above the banks no one would complain that much.

The product is priced for the desperate at an unbelievable level. People don't choose to pay that level because the agent is nice it is because of their circumstances they have no choice.

That is why people get so irritated by this product. There are the kids in Woolworths looking for toys and someone there offering extortionate loans to buy the toys for the kids. It's very sad.

hollydays

carolwat wrote: »

I never said it was the OP who made the flippant remark.

I can confirm that the above mentioned stores do have Provident agents and canvassers working in them from time to time canvassing for customers. Whether you have seen them or not doesnt really matter.

It is of course your choice to complain to management of HofF should you ever see someone canvassing but I dont fancy your chances of stopping it happening. The stores need to have a lot of vouchers spent in their shops to remain part of the Provident gift voucher scheme and if their sales fall below that then they will be removed from the list of retailers. Whether you like it or not people who are not like you are shopping at these places and using vouchers to pay. Some people obviously think they are better than other such as those with the chav comments.

I agree some agents may prey on those people who are more vulnerable but please dont tar all agents with the same brush. If you know of an agent knowingly ripping people off them please report them otherwise leave people to make their own minds up where they choose to get their credit from.

"If you know of an agent knowingly ripping people off please report them".

Well ,thats all of them then.

nomoneytoday

Homework wrote: »

Some people though have no choice and pay these kind of rates in desperation.

They do have a choice. Woolies sell a wide selection of toys, tvs, phones, sweets and drapery. There is nothing in that list that you "need" to have, only "want"...

trisontana

codger wrote: »

The day that every one of the stores you mention allows a representative of a local Credit Union to take space alongside that occupied by a representative of Provident is the day I'll bin my objections.

I was walking past the offices of a Credit Union in Worksop on Wednesday. They have a large poster in their window with the message:-

Our Loan Rate 28%. Provident's Loan Rate 182%

Let's hope enough people read that, and avoid borrowing money from Provident.

sg01red

i have a small furniture shop, and dont offer any finance at all at the moment, but would like to! most folk in our area wouldnt get finance from regular companies, and although i dont agree with pushing people further down i do believe people should make up their own mind and if i could get accepting provident vouchers it would help folk out hugely here! reason being i am currently selling a leather corner sofa for £700 which is advertised by a large retailer for £1200- the difference in the cost is because they build all the finance in and probably have huge overheads in comparison to us! but if our customers paid £100 deposit with £500 vouchers and £100 nbalance in cash six weeks after ordering the sofa on delivery i feel in our case they would be paying no or little more for the sofa than they would if they went to the big retailer and it would be paid in a year rather than three! problem is i cant find how to go about being approved to accept the vouchers.

DCFC79

sg01red wrote: »

i have a small furniture shop, and dont offer any finance at all at the moment, but would like to! most folk in our area wouldnt get finance from regular companies, and although i dont agree with pushing people further down i do believe people should make up their own mind and if i could get accepting provident vouchers it would help folk out hugely here! reason being i am currently selling a leather corner sofa for £700 which is advertised by a large retailer for £1200- the difference in the cost is because they build all the finance in and probably have huge overheads in comparison to us! but if our customers paid £100 deposit with £500 vouchers and £100 nbalance in cash six weeks after ordering the sofa on delivery i feel in our case they would be paying no or little more for the sofa than they would if they went to the big retailer and it would be paid in a year rather than three! problem is i cant find how to go about being approved to accept the vouchers.

did you really have to drag up an old thread just to post that

NiallB

Did you actually search 4 years back to find this thread sgo1red? !!!!!!?

pmduk

I think we realise now why Woolworths were working so hard to find new sources of income.