Is Provident in trouble?
Provident has lost more than 70 per cent of its value over the past two years after a string of problems including a £169m compensation bill and a £2m fine for mis-selling financial products which put customers further into debt..
How long does it take for Provident to pay out?
Provided your tax affairs are in order, and you have submitted all the required documents (such as a copy of your ID, a completed instruction form stating where the money should go, and proof of banking details), it normally takes 14 to 21 business days to receive your provident fund pay-out.
What happens if you don’t pay Provident?
All loans and repayments are recorded in your credit file. Therefore missed repayments are reported to credit agencies as a missed repayment and could have a negative effect on your credit score. Missing repayments also puts you in arrears, which could mean you’re behind on your agreed payment schedule.
How do I make a complaint to Provident?
0800 121 8034 Get in touch with us on our online complaints form and a member of our team will get in touch.
Do Provident do credit checks?
To apply for a Provident loan, you first need to complete a form online or over the phone. At this stage of the application we carry out a credit check. This check helps us to decide whether we are able to lend to you and helps to confirm your identity.
Is Shopacheck part of Provident?
We have a close relationship with both of the UK’s best known doorstep lenders – Provident Personal Credit and Morses Club (previously known as Shopacheck). Below is more general information about them.