The closure of doorstep lender Provident Financial: abondoned customers can turn to us

Monday 17th May, 2021

We are urging members and their friends, neighbours and relatives who may be affected by the closure of Provident Financial to turn to us to take control of their money matters with affordable and ethical loans and savings.

We are urging members and their friends, neighbours and relatives who may be affected by the closure of Provident Financial to turn to us to take control of their money matters with affordable and ethical loans and savings. 

FTSE 250 doorstep lender Provident Financial is closing its business 141 years after its launch. Its credit control arm will either be sold or wound down- meaning customers with high-cost loans are faced with uncertainty about their financial future.

Our chief executive Angela Fishwick, says: “For years, we have seen people get themselves into high-cost debts with the likes of doorstep lenders- for Provident Financial customers to be left in the lurch and facing the uncertainty of what will happen to their high-cost debt is unacceptable. We need people to know that their local credit union is here to help - and not rip them off.”

We know of many members affected by borrowing from doorstep lenders such as Provident Financial - finding themselves in financial difficulty due to their high costs. One member says "When I was with Provident I worried about the knock on the door each week, now I'm with Unify I feel much less stressed and I'm building savings while I pay back my loan!"

See how we can help you borrow a loan you can afford- while also building up your savings at the same time. Speak to us today. 

 

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