Resolved Question

Any1 ever heard of provident loan company?

can any1 tell me anything about it? is it legal?

Best Answer - Chosen by Voters

They are legal and legit but they are rip off merchants all the same. Interest is through the roof, on a £300 loan you will pay back more then £500. There a last resort, life or death thing, not to be used as a long term financial thing. There in the same bracket as payday loans or loan sharks!

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Other Answers (3)

• Provident is otherwise known as a door step lender and operate internationally.
  
  Their primary business is to lend to people with either very poor credit history or to people who have no proof of income. However the interest rates they charge are astronomical compared to the ordinary high street lenders but perfectly legal and above board.
  
  The company itself is publicly listed upon the London Stock Exchange and has its main HQ in Bradford, West Yorkshire.

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• They are legal but offer very high interest rates.

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• don't touch them, charges are ridiculous.

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