provident quick loans (Provident Personal Credit)

Member Name: AlyssasMummy

Product:	Provident Personal Credit
Date:	06/11/08 (162 review reads)
Rating:

Advantages: quick and easy

Disadvantages: very high interest rate

we have used provident a few times in the past years. they are great for emergancies as they provide the cash really quickly. we have requested a loan and then have had it delivered a few hours later. the interest is high but that is to be expected with this type of loan. for example, if you get a loan for £300 then with 56 weekly payments of £9, the total amount you would pay back is £504 but if you pay more money each week than you have to, the interest amount goes down. provident provide cash loans and vouchers. we have used both. the vouchers have a lower interest rate and again, are usually delivered really quickly. they can be used in a wide range of shops including toys r us, woolworths, top shop, farm foods and many many more. a full list is available on the provident site. once you have chosen your loan amount, you will need to call the provident number which at the moment is 0800 409 6654. you will then be subject to a credit check and as long as you pass that, you will be contacted by your representative who will live in your area. they will then bring the cash or vouchers of your choice to your home at a time that suits you. your representative will come around every week for your payments and this will be recorded in your provident book. this shows all payments made and is important for you and provident to keep track. if you pay each week then you build up a credit history with them and will have no problems getting another loan in the future. provident are great for planned loans or emergancy loans because it is quick and easy. i also like the idea that the payments are only over 56 weeks which means you dont have a loan dragging over years.

Summary: a quick way of getting cash or vouchers you need