Provident Personal Credit Loans??

killanena

Anyone ever get a loan off http://www.providentpersonalcredit.ie/http://www.providentpersonalcredit.ie/
??
Or anyone that has gotten one. Im considering it but I have never gotten a loan from anywhere before.
I need 500 and the site says I can pay 25 a week for 26 weeks for a total repay of €650

halkar

Did you read this on their site:

Representative example:
€500 loan repayable over 52 weeks
52 weekly payments of €15.00
Rate of interest 56.0% p.a. fixed;
Representative 157.3% APR
Total Amount Payable is €780

You should join credit union if you can and borrow from them after saving for a while.

killanena

halkar wrote: »

Did you read this on their site:

Representative example:
€500 loan repayable over 52 weeks
52 weekly payments of €15.00
Rate of interest 56.0% p.a. fixed;
Representative 157.3% APR
Total Amount Payable is €780

You should join credit union if you can and borrow from them after saving for a while.

I have read it all, I just want to find out if they are through to their word and if their is any hidden interest I don't know about. I need the cash asap so credit union is not an option.

Anyone

killanena wrote: »

I have read it all, I just want to find out if they are through to their word and if their is any hidden interest I don't know about. I need the cash asap so credit union is not an option.

If you miss payments, you pay interest on interest. Its a really bad route to go down, if there are any alternatives(friends,family etc) I'd suggest you go to them.

I'd also suggest giving your local Credit Union a call, explain the circumstances and see if anything is possible, if its not its not, but its worth a phone call at least.

killanena

I really don't have any other options I guess. Thanks for the help. I might give them a call disevening. I have an "ok" steady income for the next 31 weeks so

wmpdd3

I was in a house when the 'lady' from this company came to collect the payment and it was not a nice experience. No had no meaning.

I completely understand why people would consider this type of loan but with all other loans, no one will call to your home, with this one you could have a significant drop in your enjoyment of your house.

4. Make your weekly repayments


Your Agent will visit your home every week to collect your weekly repayments.

Get a quotation from them and bring it ot he credit union and ask them what they can do for you or contact the st vincent of paul.

This could end up lasting much longer than 6 months...


Compare your loan with one from the credit union at 10% apr here:

http://www.consumerhelp.ie/loan-calculator?gclid=CO6t8KSv67kCFZM92wodRGQA3A

It will cost you €15 to borrow €500 for 6 months with credit union @ 10% APR.

It will cost you €153 to borrow €500 for 6 months with this company @ 157% APR.

campo

killanena wrote: »

I really don't have any other options I guess. Thanks for the help. I might give them a call disevening. I have an "ok" steady income for the next 31 weeks so

I would advise to stay away from them, they are nothing more then legal loan sharks IMHO...