Provident Personal Credit, formerly Provident Loans or PPC, was a short-term lender that provided doorstep and online cash loans ranging from £100 to £1,000.

The loan amount was utilized to determine their repayment terms, which ranged from 13 to 26 to 52 weeks.

The company declared on December 31, 2021, that it was closing its lending operations because of a rise in client complaints and a drop in credit demand. Since then, they have ceased all collections, and all outstanding debts have been paid in full.

Does Provident continue to make loans?

No, in December 2021, Provident Personal Credit—also doing business as Provident, Satsuma, and Glo—went into administration.
The companies were unable to trade after entering administration, and their assets were liquidated to pay off the creditors.

What was the outcome of Provident Loans?

On December 31, 2021, Provident Personal Credit ceased operations as a lender after 141 years. “Increasing affordability complaints, changing industry and regulatory dynamics” was the reason they ceased financing.