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Articles about Provident

Provident Financial Group (PFG) specialises in bad credit lending in the UK. Founded in 1880, Provident is Britain's largest doorstep lender.
It also owns the Satsuma payday lending brand, the Vanquis credit card brand and the Moneybarn car finance brand.

Provident – home credit in crisis

Provident shares crash, graph from Bloomberg

On 22 August 2017, Provident Financial's share price dropped c 70% after a profits warning. For a FTSE 100 company such large price moves are extremely rare. The Daily Mail shrieked: Provident Financial goes into meltdown ... now 800,000 customers of its doorstep collection business are at risk.   Provident's doorstep lending re-organisation Provident's doorstep loans used to be … [Read more...]

August 24, 2017 Author: Sara Williams Tagged With: High cost credit news/policy, Provident, Vanquis

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