Hi all,

We will be changing the APR of Provident Personal Credit loans from Monday 17th November. The typical APR will increase from 183.2% to 189.2%.
Below is an example which will be used within all creative that demonstrates how the price change affects loan repayments: -

Old Price -183.2%

Loan Amount of £300
Weekly repayment of £9 over 56 weeks
Total repayable £504

New Price – 189.2%

Loan Amount of £300
Weekly repayment of £9 over 57
Total repayable £513

Despite this small increase, demand for Provident loans is increasing significantly on the run up to Christmas and looks set to continue.

We will be amending our creative (banner and e-mail) in line with the price update, which will be available for you to use from Monday 17th November onwards. All you need to do is change any Provident related site copy not provided by us if the old example or APR details are being displayed.

Please remember – if trigger statement(s) are included within website copy, suggesting credit is available to people with adverse credit ratings, the APR must be displayed, along with the Lenders Compared Statement. You can find more information in regards to triggers statements in the terms and conditions of the programme.

As we approach Christmas and credit crunch bites, many mainstream lenders are increasingly tightening their belts as finance becomes difficult obtain. However, Provident Personal Credit are here to help as we are able convert applications that most other lenders would often decline. Remember - Provident provide loans between £50 and £500, often to people with poor credit histories. With a tiered commission structure in place, you can earn between £4 and £10 with an additional £15 if a lead converts into a loan.

We hope you agree that right now is fantastic time to keep promoting the Provident programme. If you have any questions or would like to discuss any details of the programme further, please feel free to e-mail us at – provident@lbi.com.

Many thanks,

The Provident Personal Credit Affiliate Team @ LBi