Proposition for the repayment of payment claims by way of a scheme of arrangement

Proposition for the repayment of payment claims by way of a scheme of arrangement

A process that is legal a scheme of arrangement (the “Scheme”) has been proposed for the intended purpose of evaluating and spending settlement claims against Provident Personal Credit Limited (“PPC”) (which traded beneath the brands Provident, Glo and Satsuma) and Greenwood Personal Credit Limited (“Greenwood”) for unaffordable financing. The Scheme would protect clients to who loans were written by Provident, Glo, Satsuma or Greenwood, or and also require guaranteed in full that loan from Glo, between 6 April 2007 and 17 December 2020.

In the event that you think you may have a claim if you received a loan from PPC, or guaranteed a loan from Glo, between 6 April 2007 and 17 December 2020, you can visit Provident Scheme of Arrangement website where you will be able to view more information about the Scheme and next steps. It is necessary that clients take the necessary action they may have a claim as failing to do so may result in customers not receiving compensation if they believe.

Stop to lending

Within the full years, we’ve been proud to aid individuals whom require that loan and can’t get one somewhere else. Nonetheless, the tough financial status has lead to us making the hard choice to avoid financing.

At the time of tenth might, we won’t issue any brand new loans. This includes brand new loans to customers that are existing. Discover down more browse our FAQs. When you have cash concerns, we’ve additionally included some handy links below you may possibly find helpful.

As a substitute, for information on other house gathered and money loans in your town, you’ll see lenderscompared

In the event that you’ve recently sent applications for a loan or have that loan in progress

  • In the event that you’ve currently finalized your loan contract, you’ll get your loan still
  • In the event that you’ve perhaps not yet finalized your loan contract, unfortuitously we won’t have the ability to complete the job

Your Rep can get in touch to talk you through what this signifies for your needs. They’ll also have the ability to respond to any questions you may have. It is possible to read our FAQs .

Current loans

We’re dedicated to caring for current clients and their loans. We’re nevertheless right here to aid.

With us, it’s important that you continue to repay your current loan(s) if you’ve already got a loan. Checking up on your repayments may have a good effect on your credit rating. We comprehend it’s a time that is difficult to , so get hold of your Rep in the event that you can’t create a repayment. There are methods they are able to allow you to.

Go to our produce a repayment web page to discover more on the ways that are different will pay.

You will find out more by reading our FAQs or by talking to your Rep.

Are you searching for that loan?

We now have stopped lending that is new there might be other choices for you personally;

  1. Credit Unions are community cost savings and loans providers. They are able to offer affordable loans to individuals of their geographic area. Credit Unions in many cases are in a position to provide to individuals whoever circumstances might suggest they battle to get that loan off their loan providers. They frequently have actually branches in addition to phone and support that is online. You can find a huge selection of Credit Unions across great britain. To get one in your neighborhood also to see if you should be entitled to join see
  2. Community Development Finance Institutions (or CDFIs) are community loan providers that provide affordable and loans that are flexible free use of advice. You will find a dozen CDFIs in the united states. You are able to submit an application for a loan from the CDFI either on line or higher the phone and you will find branch services obtainable in some areas. Look for a CDFI by going to. Please note that search engine results can be found in alphabetical purchase.

Credit Unions and CDFIs offer loans at also particular times such as for example xmas, for college uniforms as well as for other one off expenses.

Cash concerns

If you’re struggling with cash there was support and help accessible to you. We’ve popped some links below which you may find helpful. You can read our FAQs .