Proposal for the payment of compensation claims through a scheme of arrangement

A legal procedure called a scheme of arrangement (the “Scheme”) will be proposed for the intended purpose of evaluating and spending settlement claims against Provident Personal Credit Limited (“PPC”) (which traded under the manufacturers Provident, Glo and Satsuma) and Greenw d Personal Credit Limited (“Greenw d”) for unaffordable financing. The Scheme would protect customers to whom loans got by Provident, Glo, Satsuma or Greenw d, or who may have fully guaranteed financing from Glo, between 6 2007 and 17 December 2020 april.

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 simply take the required action when they think they might have a claim as failing continually to do this may cause customers not receiving compensation.

Stop to lending

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On the years, we’ve been proud to greatly help those who require a loan and can’t have one somewhere else. Nonetheless, the tough situation that is economic led to us making the hard datingmentor.org/victoria-milan-review choice to prevent lending.

At the time of tenth May, we won’t issue any loans that are new. This consists of new loans to customers that are existing. To find out more browse our FAQs. For those who have money concerns, we’ve additionally included some handy links below you may possibly find helpful.

As a substitute, for information on other house collected and money loans in your town, it is possible to visit lenderscompared

If you’ve recently applied for that loan or have loan in progress

Your Rep will get in touch to talk you through what this implies for you. They’ll also be able to respond to any relevant questions it’s likely you have. You’ll be able to read our FAQs .

Existing loans

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We’re focused on caring for current clients and their loans. We’re still here to aid.

If you’ve already got financing with us, it is important that you continue steadily to repay your overall loan(s). Keeping up with your instalments has an impact that is positive your credit rating. We understand it is a time that is difficult to Covid-19, so get hold of your Rep in the event that you can’t make a payment. There are ways they are able to allow you to.

Visit our produce a payment web page to discover more regarding the ways that are different will pay.

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

Are you l king for a loan?

We have stopped brand new lending but there could be additional options for you personally;

  1. Credit Unions are community cost savings and loans providers. They are able to provide affordable loans to individuals within their local area. Credit Unions in many cases are in a position to lend to individuals whose circumstances might suggest they battle to get yourself a loan off their lenders. They often times have branches as well as phone and online support. There are hundreds of Credit Unions across great britain. To locate one in your town also to see if you’re eligible to become listed on visit findyourcreditunion
  2. Community Development Finance Institutions (or CDFIs) are community lenders that provide affordable and versatile loans alongside free use of advice. There are certainly a dozen CDFIs in the united states. It is possible to obtain a loan from the CDFI either on line or higher the phone and there are branch services obtainable in some areas. Search well for a CDFI by visiting findingfinance please be aware that search results come in alphabetical order.

Credit Unions and CDFIs offer loans at also particular times such as for example Christmas time, for sch l uniforms as well as for other one off costs.

Money worries

If you’re struggling with money there is support and help available to you. We’ve popped some links below which you might find helpful. You can even read our FAQs .