A legal procedure called a scheme of arrangement (the вЂњSchemeвЂќ) will be proposed for the true purpose of evaluating and spending settlement claims against Provident Personal Credit Limited ("PPC") (which traded underneath the manufacturers Provident, Glo and Satsuma) and Greenwood Personal Credit Limited ("Greenwood") for unaffordable financing. The Scheme would protect clients to who loans had been provided by Provident, Glo, Satsuma or Greenwood, or and also require fully guaranteed a loan from Glo, between 6 2007 and 17 December 2020 april.
In the event that you think you may have a claim if you received a loan from PPC, or guaranteed a loan from Glo, between 6 April 2007 and 17 December 2020, you can visit Provident Scheme of Arrangement website where you will be able to view more information about the Scheme and next steps. It's important that clients simply take the necessary action they may have a claim as failing to do so may result in customers not receiving compensation if they believe.
Stop to lending
On the years, weвЂ™ve been proud to simply help individuals who require that loan and canвЂ™t have one somewhere else. Nonetheless, the tough situation that is economic led to us making the hard choice to get rid of financing.
At the time of tenth might, we wonвЂ™t issue any brand new loans.