Provident Financial is reportedly set to close its Bradford-based doorstep lending business after 140 years BRADFORD-based Provident Financial is set to shut its doorstep lending business after more than 140 years, it has been reported. The city-centre based institution has more than 380,000 customers and is Britain’s largest specialist sub-prime lender. However it has been loss-making since an attempt to modernise went awry four years ago, leading to profit warnings. The move by Provident highlights the pressure on the sub-prime credit market, and follows the collapse of other well known short-term lenders such as Wonga and QuickQuid in recent years following customer complaints.
Mis-selling claims push Provident unit to the brink
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