Non Standard Finance (NSF) made a surprise bid for the much larger Provident Financial Group (PFG) in February 2019. The bid was eventually withdrawn by NSF in June 2019. Every debt adviser will be familiar with "the Provvy" but it's interesting to take a look at the two companies and their respective brands - they cover most sorts of high cost, bad credit lending in the UK. NSF's … [Read more...]
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
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...]