Provident Loans | www.providentpersonalcredit.com Reviews

Provident Loans

About Provident Loans

This is the most historic brand in subprime lending worldwide, in operation since 1880. You could in essence tie them back a little further to 1877 through Greenwood loans that they acquired, but later closed in 2014. In those early days they issued vouchers that could be exchanged for coal and food through weekly collections. Provident’s dominance in doorstep lending hasn’t been troubled. They have however lost a fair share of their user base. We can recall them having close to 800,000 customers. Today, this tally has almost halved to 440,000. They also used 11,000 agents, that has dropped to 2500. A savvy move was the launch of their online equivalent service (Satsuma Loans) that now has 120,000+ customers.

The larger group collectively has 2.3 million customers. Most of which are using Vanquis (1.7 million) and a small portion of 62,000 use Moneybarn for finance. GLO was a brand composed to compete in the guarantor loan sector, but they closed this. Provident’s doorstep product is importantly nationwide and they also have a dedicated site for Ireland. They deliver sizeable sums of £1000 and £2500 when reloaning. There are wide repay selections of 13, 26 and 52 weeks, whilst 78 and 104 weeks becomes available on reloans. This span is much longer than their rivals. Further advantages are that they process applications on Saturdays and charge no late fees. You can now also pay online, although this doesn’t replace visits.

Company Details

Address: 1 Godwin Street, Bradford, BD1 2SU

Brand: Provident (aka: Provident Personal Credit)

Company: Provident Personal Credit Ltd (subsidiary of Provident Financial Plc)

Contact (📧): No email contact

Contact (☎): 0800 096 6064

FCA Licence: 002529

Launched: 1880

Niche: Doorstep

Opening Hours: Mon/Fri (8am-8pm), Sat (8am-5pm)

Related Brands: Aquis, Chrome, Moneybarn, Satsuma Loans, Vanquis Bank

Site Address: www.providentpersonalcredit.com

Site Rank (Alexa UK): #47,651

Product Specs

Amounts Available: £100 to £1000 (£2500 on reloans)

Late Payment Fee: £0

Login Provided: No (one-off payments only)

Pricing: £43 /£100 (13w) & £56 /£100 (26w) & £872 /£1000 (52w)

Repayment Terms: 13, 26 & 52 weeks (plus 78 & 104 weeks on reloans)

Review Feedback

Feefo: No longer listed

Reviews: Not listed

Trustpilot: 17% (70+ count)

Rivals & Similar Lenders Like Provident

Just to note on reviews, a strange recent move has seen Provident’s Feefo pages (Ireland/UK) both closed. They had been scoring at 96% from close to 3500 reviews over a year. Without this, they have poor feedback elsewhere online and so this won’t help their cause. Many people are actively searching for doorstep loans like Provident online. With the greatest chance of coverage it is usually advised to use the other big 2 nationals being Loans At Home and Morses Club. There isn’t much incentive in choosing any of those. The more competitive sector deals tend to come from the small localised firms (especially Mutual). We’d however recommend sidestepping doorstep products for online instalment lenders.

Last Check @ www.providentpersonalcredit.com: June 22nd, 2019

Submit your review
1
2
3
4
5
Submit
     
Cancel

Create your own review

www.providentpersonalcredit.com Reviews
Average rating:  
 0 reviews