Provident Financial withdraws from doorstep lending after 140 years
Provident Financial announces it is withdrawing from doorstep lending after 140 years. …
Debt adviser Sara Williams, who runs the Debt Camel blog, said: “In August 2020 the Financial Conduct Authority said prolonged relending can be harmful to borrowers. And the Financial Ombudsman has been upholding 75% of affordability complaints against Provident – I estimate the average refund is about £5,000 and many are over £10,000.
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