handypandy Posted April 24, 2012 Share Posted April 24, 2012 if the company are given a copy of the death certificate then the loan dies with the borrower and the other half cannot be pursued Never heard of probate? If a person dies, leaving any money, insurance, property etc., debts must be settled out of this before any of the remainder is distributed to beneficiaries. Whoever is the executor of the dead person's estate is responsible for ensuring the debts are paid. If there isn't enough to settle all the debts, there is a 'pecking order' of who gets paid first. Link to comment Share on other sites More sharing options...
Plain Talker Posted May 22, 2012 Share Posted May 22, 2012 Do you have a barge pole? If so, then you MAY consider touching this company with it... Avoid them at all costs, is my general advice. Link to comment Share on other sites More sharing options...
discodown Posted May 22, 2012 Share Posted May 22, 2012 Do you have a barge pole? If so, then you MAY consider touching this company with it... Avoid them at all costs, is my general advice. Easy enough to say but if you have no other means of getting the money and you need it now for something vital then what else do you suggest they do? At least with Provident you could have the money in less than a week and if you stick to the arrangement it will go some way to repairing a bad credit record. Its an expensive way to do it but sometimes you have to bite the bullet Link to comment Share on other sites More sharing options...
Plain Talker Posted May 22, 2012 Share Posted May 22, 2012 Easy enough to say but if you have no other means of getting the money and you need it now for something vital then what else do you suggest they do? At least with Provident you could have the money in less than a week and if you stick to the arrangement it will go some way to repairing a bad credit record. Its an expensive way to do it but sometimes you have to bite the bullet The problem is that their interest rates are obscenely high, the company preys on the financially susceptible/ naive and they make it look soooooooooo easy "Oh, you can have five hundred quid, in your hand, for just a fiver a week!" What they don't tell you is that you'll be paying them your first-born child, and the fiver a week is for the rest of your natural life (And longer if they had their way!!!) Link to comment Share on other sites More sharing options...
PeteMorris Posted May 22, 2012 Share Posted May 22, 2012 The problem is that their interest rates are obscenely high, the company preys on the financially susceptible/ naive and they make it look soooooooooo easy "Oh, you can have five hundred quid, in your hand, for just a fiver a week!" What they don't tell you is that you'll be paying them your first-born child, and the fiver a week is for the rest of your natural life (And longer if they had their way!!!) In fairness. Yes the interest is a lot. But in my experience, they tell you up front 'exactly' what you will be paying and how long it will take you to repay it. I seem to remember having a little blue book, where it was logged every week, and it was marked up to the end of the payment period, so you knew how long was left. I don't remember there being any secrets about how much or how long the loan was over. Link to comment Share on other sites More sharing options...
truman Posted May 22, 2012 Share Posted May 22, 2012 The problem is that their interest rates are obscenely high, That's not a surprise is it? I'm assuming they deal with people who can't get a loan elsewhere because of their credit record.. (otherwise why are they dealing with this company)..there's risk involved and Provident are trying to mitigate it.. Link to comment Share on other sites More sharing options...
eastbank Posted May 22, 2012 Share Posted May 22, 2012 Do you have a barge pole? If so, then you MAY consider touching this company with it... Avoid them at all costs, is my general advice. in the sixties...they used to do a pontins holiday voucher...it was worth £40 for a family holiday...you paid it back at £1.50 a week....happy days... Link to comment Share on other sites More sharing options...
Convict Edd Posted May 22, 2012 Share Posted May 22, 2012 The problem is that their interest rates are obscenely high, the company preys on the financially susceptible/ naive and they make it look soooooooooo easy "Oh, you can have five hundred quid, in your hand, for just a fiver a week!" What they don't tell you is that you'll be paying them your first-born child, and the fiver a week is for the rest of your natural life (And longer if they had their way!!!) Absolute poopoo. They always tell you how much and how long. Then you decide. Some people have few other choices. Link to comment Share on other sites More sharing options...
Eckolad Posted May 22, 2012 Share Posted May 22, 2012 Easy enough to say but if you have no other means of getting the money and you need it now for something vital then what else do you suggest they do? At least with Provident you could have the money in less than a week and if you stick to the arrangement it will go some way to repairing a bad credit record. Its an expensive way to do it but sometimes you have to bite the bullet Incorrect. Prov don't report to Cra's Link to comment Share on other sites More sharing options...
discodown Posted May 22, 2012 Share Posted May 22, 2012 Incorrect. Prov don't report to Cra'sIncorrect. Prov do report to CRA's. I've used them and i've checked my credit report afterwards and it was on there Link to comment Share on other sites More sharing options...
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