Provident Financial axes doorstep lending after 141 years putting 2,100 jobs at risk By Lucy White For The Daily Mail Published: 21:50 BST, 10 May 2021 | Updated: 21:50 BST, 10 May 2021 Provident Financial is closing its 141-year-old doorstep lending business – putting 2,100 jobs at risk. The firm, which specialises in loans for … Read more
Crisis at the Provvy: Shares dive 28% and watchdog launches a formal probe as doorstep lending arm faces collapse By Mark Shapland For The Daily Mail Published: 21:57 GMT, 15 March 2021 | Updated: 21:57 GMT, 15 March 2021 Provident Financial lost more than a quarter of its value after warning that its doorstep lending … Read more
Provident Financial shares tumble as it reveals fresh watchdog probe and warns its doorstep lending arm could collapse after compensation claims jump FCA launches probe into ‘affordability and sustainability’ of loans handed out Provident is proposing £50m compensation scheme as complaints jump 200% Borrowers would receive ‘significantly’ less compensation under the scheme But if it’s … Read more
Sub-prime lender Provident Financial slumped to a £32.6million loss in the six months to 30 June, new results show. The group, which runs Vanquis Bank and Moneyfarm, said the loss was better than it had been expecting given the potential impact of Covid-19 on its business. Provident now plans to repay all the cash it … Read more
Former government minister Margot James joins board of doorstep lender Provident Financial By Daily Mail City & Finance Reporter Published: 21:59 BST, 27 July 2020 | Updated: 22:20 BST, 27 July 2020 Former government minister and millionaire business woman Margot James has joined the board of doorstep lender Provident Financial. The 62-year-old, who served as … Read more