Response to Shopacheck

I recently took out a loan with Provident in order to enable me to pay for my bond on my new flat. My credit rating is awful and I have a lot of student debt (loans and credit card arrears) listed against me. I borrowed a loan of £300 and am required to pay back £495. However, my plan is to raise the cash (which I know I will be able to do shortly) to clear the debt off in full, and then due to the short term of borrowing, I will be entitled to a rebate on what I have paid. Although I have still been ripped off, Provident have provided me with emergency money and this has helped in a desperate time. I would never borrow from them however, if I knew I would be paying £9 a week for a long long time! As regards my agents, so far they have been excellent, I've had no hassle (and I've missed many consecutive payments). My advice would be never to borrow just for material goods though. Only if its essential, and you're desperate. I know too many people who have acted carelessly and spent frivolously and are in a worse position now.

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