This is as the company is to exit the Republic of Ireland market.
UK-owned moneylending company Provident has written off its Irish customers’ remaining debts.
The announcement comes as the company is preparing to exit the Republic of Ireland market.
As for the reasons why, Provident wrote on its website: “Over the years, we’ve been proud to help people who need a loan and can’t get one elsewhere.
“However, the tough economic situation resulted in us making the difficult decision to stop providing our loans service.”
In regards to Irish customers’ debts, the company wrote: “If you’ve an outstanding balance on your Provident loan(s), we’ve some good news for you.
“We stopped collecting payments at 9.30am on 28 June 2021. Any remaining balance you have after that date is now paid off.
“There are no more repayments to make to your Agent or Provident. This is because our loans business closes in Ireland on 1 July.
“If your loan amount was €500 or more, we’ll update your credit record to show your balance has been cleared. If your loan was less than €500, don’t worry as we didn’t put anything on your credit record when you took the loan.”
Provident said it has written to all its customers to confirm the move and urged them not to make a payment to the company.
Its statement read: “You can keep any money you were still due to repay, including the interest.
“If someone knocks at your door or calls you saying they are collecting repayments for a Provident loan, don’t give them any money.”
For more information, visit Provident’s website here.
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