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

A legal procedure called a scheme of arrangement (the “Scheme”) will be proposed for the true purpose of evaluating and having to pay payment claims against Provident Personal Credit Limited (“PPC”) (which traded beneath the manufacturers Provident, Glo and Satsuma) and Greenwood Personal Credit Limited (“Greenwood”) for unaffordable financing. The Scheme would protect clients to who loans had been written by Provident, Glo, Satsuma or Greenwood, or and also require assured that loan from Glo, between 6 April 2007 and 17 December 2020.

In the event that you received that loan from PPC, or guaranteed in full that loan from Glo, between 6 April 2007 and 17 December 2020, you can travel to Provident Scheme of Arrangement internet site in which you should be able to see more details in regards to the Scheme and then actions if you were to think you have a claim. It’s important that clients simply 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

On the full years, we’ve been payday loans in Maryland proud to simply help individuals whom require that loan and can’t have one somewhere else. But, the tough situation that is economic lead to us making the hard choice to end financing.

At the time of 10th might, we won’t issue any loans that are new. This consists of brand new loans to existing clients. To locate 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 collected and money loans in your town, you are able to 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 still get the loan
  • We won’t be able to finish your application if you’ve not yet signed your loan agreement, unfortunately

Your Rep are certain to get in touch to talk you through what this signifies for your needs. They’ll also have the ability to respond to any questions it’s likely you have. You may also read our FAQs .

Current loans

We’re dedicated to taking care of current customers and their loans. We’re still right here to greatly help.

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 instalments could have an impact that is positive 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 can allow you to.

Go to our produce a repayment page to find out about the other ways you pays.

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

Looking for a loan?

We now have stopped brand new financing but there could be additional options for you;

  1. Credit Unions are community cost savings and loans providers. They could provide affordable loans to individuals of their geographic area. Credit Unions in many cases are in a position to provide to individuals whose circumstances might suggest they find it difficult to get that loan off their loan providers. They frequently have actually branches along with phone and support that is online. You can find a huge selection of Credit Unions across great britain. To get one out of your neighborhood and also to see if you should be qualified to join see
  2. Community Development Finance Institutions (or CDFIs) are community loan providers that provide affordable and versatile loans alongside free use of advice. You will find a dozen CDFIs in the united states. It is possible to submit an application for that loan from the CDFI either on the web or higher the phone and you will find branch services obtainable in some areas. Seek out a CDFI by visiting. Please be aware that search engine results come in alphabetical order.

Credit Unions and CDFIs additionally provide loans at particular times such as for instance xmas, for school uniforms as well as other one off costs.

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 could read our FAQs .