Founded in 1880, Provident Financial plc is a UK-based financial services group based in Bradford, England, which was set up to provide appropriate credit to families in West Yorkshire. It is described as a sub-prime lender or it is described as “doorstep lender”. It has practical experience in Visas, home gathered credit, online advances, and purchaser vehicle money. It is listed on the London Stock Exchange and is a part of the FTSE 250 Index. It gives home credit business loans to individuals in their homes employing a local agent network. The home lending business is based in the head office in Bradford, Kent, Moneybarn are based in Petersfield, Hampshire, and Vanquis Bank is in London.
The company's divisions incorporate Vanquis Bank Limited (Vanquis Bank), Consumer Credit Division (CCD), and Moneybarn. The company serves non-standard clients for a scope of items from vehicle money to home credit to online unsecured and guarantor loans. Vanquis Bank is in an arrangement with Visas. The CCD is engaged with home credit businesses in the UK and Ireland, and offers unsecured loans, for which they collect installments on a weekly basis.
Moneybarn is occupied with the arrangement of vehicle loans. The auxiliaries within CCD are Provident Financial Management Services Limited, Provident Personal Credit Limited, and Greenwood Personal Credit Limited. Other products include online installment loan service Satsuma and glo, which is a guarantor loans service.
The company believes in building products that are entirely customer centric and claim that more than 90% of their customers are satisfied with their services. They are also involved in tech-related services. The company and the associated brands serve around 2.3 million customers. Products developed by the team are designed keeping in mind the customers’ needs and affordability so that there is a win-win situation for both the lender and the borrower.
Provident Financial No.1 Godwin Street BD1 2SU United Kingdom