• Welcome to the LegalBeagles Consumer and Legal Forum.
    Please Register to get the most out of the forum. Registration is free and only needs a username and email address.
    REGISTER
    Please do not post your full name, reference numbers or any identifiable details on the forum.

Provident Irresponsible Lending

Collapse
Loading...
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Provident Irresponsible Lending

    Hey guys, i posted this elsewhere but yet to have any replies so I'm hoping someone can shed some light.


    I've sent off my complaint to Provident about irresponsible lending, what i am wondering about is what would be refunded (if successful).

    From what i have read up on, it would be interest + 8% of that interest.

    So for example, one of my loans were £1600, over a period of 104 weeks with an interest rate of 181.4%.

    Using an interest calculator online, it shows the interest on that loan would be £4,409.70 plus 8% of that which is £352.78, totalling £4,762.48.

    I just want to make sure because that seems an awful lot, considering i had 10+ loans from them over the years and this is just one of those.

    Apologies if the calculations are wrong, I'm terrible at maths, hopefully someone can shed some light on this.
    Tags: None

  • #2
    Re: Provident Irresponsible Lending

    [MENTION=48934]Debt Camel[/MENTION] ??? Any idea??
    Debt is like any other trap, easy enough to get into, but hard enough to get out of.

    It doesn't matter where your journey begins, so long as you begin it...

    recte agens confido

    ~~~~~

    Any advice I provide is given without liability, if you are unsure please seek professional legal guidance.

    I can be emailed if you need my help loading pictures/documents to your thread. My email address is Kati@legalbeagles.info
    But please include a link to your thread so I know who you are.

    Specialist advice can be sought via our sister site JustBeagle

    Comment


    • #3
      Re: Provident Irresponsible Lending

      provident will usually send you a statement of your loans if you ask for this. You can work from that or from your bank statements .

      Comment


      • #4
        Re: Provident Irresponsible Lending

        i asked for statements on the complaint so fingers crossed they comply, I'm just going off memory for now. I wasn't in a great place, financially or mentally during most of the time i borrowed from them so I'm just amazing at how much interest they can charge

        Comment

        View our Terms and Conditions

        LegalBeagles Group uses cookies to enhance your browsing experience and to create a secure and effective website. By using this website, you are consenting to such use.To find out more and learn how to manage cookies please read our Cookie and Privacy Policy.

        If you would like to opt in, or out, of receiving news and marketing from LegalBeagles Group Ltd you can amend your settings at any time here.


        If you would like to cancel your registration please Contact Us. We will delete your user details on request, however, any previously posted user content will remain on the site with your username removed and 'Guest' inserted.
        Working...
        X