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Proposition for the payment of payment claims through a scheme of arrangement

Proposition for the payment of payment claims through a scheme of arrangement

A process that is legal a scheme of arrangement (the “Scheme”) is being proposed for the true purpose of assessing and paying compensation claims against Provident Personal Credit Limited (“PPC”) (which traded beneath the manufacturers Provident, Glo and Satsuma) and Greenw d Personal Credit Limited (“Greenw d”) for unaffordable lending. The Scheme would cover customers to who loans got by Provident, Glo, Satsuma or Greenw d, or who may have guaranteed in full a loan from Glo, between 6 2007 and 17 December 2020 april.

If you received a loan from PPC, or fully guaranteed that loan from Glo, between 6 April 2007 and 17 December 2020, you can visit Provident Scheme of Arrangement internet site where it will be possible to l k at additional information in regards to the Scheme and then actions if you think you may have a claim. It is necessary that clients simply take the mandatory action they may have a claim as failing to do so may result in customers not receiving compensation if they believe.

Stop to lending

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Throughout the years, we’ve been proud to aid those who need a loan and can’t have one somewhere else. But, the tough situation that is economic led to us making the difficult decision to prevent lending.

As of 10th might, we won’t issue any new loans. This includes brand new loans to customers that are existing. To get out more browse our FAQs. That you might find helpful if you have money worries, we’ve also included some handy links below.

As an alternative, for details of other house gathered and money loans in your area, it is possible to visit lenderscompared

In the event that you’ve recently requested that loan or have a loan in progress

  • If you’ve already finalized your loan agreement, you’ll get your loan still
  • We won’t be able to finish your application if you’ve not yet signed your loan agreement, unfortunately

Your Rep gets in touch to talk you through what this implies for you. They’ll also be able to answer any relevant questions you may have. You can also read our FAQs .

Current loans

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We’re centered on caring for existing customers and their loans. We’re still right here to simply help.

If you’ve already got financing with us, it is important that you continue to repay your current loan(s). Keeping up with your payments could have a g d impact on your credit score. We understand it is a hard time due , so speak to your Rep in the event that you can’t create a payment. There are methods you can be helped by them.

See our make a re payment web page to discover more regarding the various ways you pays.

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

Are you searching for financing?

We now have stopped lending that is new there may 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 inside their neighborh d. Credit Unions in many cases are in a position to provide to people whose circumstances might suggest they struggle to get yourself a loan off their loan providers. They frequently have actually branches as well as phone and online support. You will find a huge selection of Credit Unions across the united kingdom. To locate angelreturn prices one in your town and also to see if you’re eligible to join visit
  2. Community Development Finance Institutions (or CDFIs) are community loan providers that provide affordable and versatile loans alongside free use of advice. There are always a dozen CDFIs in the united states. You can obtain a loan from the CDFI either on the web or over the phone and you can find branch services obtainable in some areas. Search for a CDFI by going to . Please note that search results come in alphabetical purchase.

Credit Unions and CDFIs offer loans at also certain times such as for instance Christmas time, for sch l uniforms and for other one off expenses.

Money concerns

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

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