provident（ProvidentUnderstandingtheBasicsofThisFinancialService）
Provident:UnderstandingtheBasicsofThisFinancialService
Providentisafinancialserviceproviderthathasbeenaroundforoveracentury.Itofferspersonalloanstoindividualswhomaynothaveaccesstotraditionalbankingservices.Providentisdifferentfromtraditionallendersinthatitfocusesonsmallloanswithquickturnaroundtimes.ThisarticleaimstoprovideanoverviewofProvident,itsservices,andhowitworks.
WhatisProvident?
Providentisafinancialservicescompanythatprovidespersonalloanstoindividuals.Itwasfoundedin1880inBradford,EnglandandhassincegrowntobecomeoneofthelargestprovidersofpersonalloansintheUK.Providenthasover2millioncustomersandoperatesintheUK,Ireland,andPoland.Thecompanyisknownforprovidingpersonalloanstoindividualswhomaynothaveaccesstotraditionalbankingservices.Providentisdifferentfromtraditionallendersinthatitfocusesonsmallloansofupto£2,500withquickturnaroundtimes.
HowDoesProvidentWork?
Providentoperatesinasimilarwaytootherlenders.Customersapplyforaloanbasedontheirindividualneedsandfinancialcircumstances.Providentassessestheapplicationanddecideswhethertoprovidealoan.Thecompanyaimstoprovideadecisionwithin24hoursofreceivinganapplicationandprovidestheloanincashorbycheck.Customersarethenrequiredtomakeweeklyormonthlyrepaymentstopayofftheloan.
Providentpridesitselfonprovidingaservicethatisbothsimpleandstraightforwardforitscustomers.Loanscanbeappliedforonline,byphone,orbyvisitingalocalProvidentbranch.Thecompanyalsooffersahomecollectionservice,whereanagentwillvisitacustomer'shometoevaluatetheirloanapplicationandifapproved,delivertheloaninperson.Thisserviceisparticularlyusefulforcustomerswhomaynotbeabletovisitabranchorhaveaccesstotheinternet.
WhataretheBenefitsofUsingProvident?
ThereareseveralbenefitstousingProvident.Thecompanyofferspersonalloanstoindividualswhomaynotbeabletoaccesstraditionalbankingservices.Thisincludesthosewithpoorcredithistoriesorwhoareunemployed.Providentalsoprovidesloansofupto£2,500andoffersaquickdecisiononloanapplications.Thiscanbeparticularlyusefulforindividualswhoneedmoneyquicklytocoveranunexpectedexpense.Providentalsooffersahomecollectionservice,makingiteasierforindividualstoaccesstheservice.
Overall,Providentisafinancialserviceproviderthatprovidespersonalloanstoindividualswhomaynothaveaccesstotraditionalbankingservices.Thecompanyoffersloansofupto£2,500withquickturnaroundtimesandsimpleapplicationprocesses.Providentisknownforitshomecollectionserviceanditsabilitytoprovideloanstoindividualswithpoorcredithistoriesorwhoareunemployed.Ifyouareinneedofapersonalloanandhavebeenunabletoaccesstraditionalbankingservices,Providentmaybetherightchoiceforyou.
