Provident Financial Share Discussion Threads

[discodave45] 09/7/2020 21:18

CutThe 2019 Annual Report ('Our Businesses' page 5) outlines typical characteristics of their customers. It clearly states that in excess of 80% of Provident customers have bank accounts, for Satsuma, Moneybarn and Vanquis it's 100%.Where on their website did you get that only 25% have bank accounts?.Https://www.providentfinancial.com/media/2769/provident-financial-plc-annual-report-and-financial-statements-2019_strategic-report.pdf

[1cutandrun] 09/7/2020 20:30

Superior. Thanks for your reply. You were right about going short. Takes up far too much time. Gone really long now as I can't be bothered with it all lol. Basically I've put my winnings on PFG and just letting it ride. You take care.

[1cutandrun] 09/7/2020 20:18

Disco for you information I'm holding 3382 shares. All these shares have been purchased with the money I made earlier when PFG and Barclays reported. If the shares go down, fine, but long term they will recover. The longer the virus goes on the longer the recovery. Probably 2 years after the virus. On the PFG web page it states 25% of home credit customers have bank account and that has been the norm for some time. Believe it or not, that's up to you. Not wasting anymore time looking for it.

[jeannettetigger] 09/7/2020 19:29

Disco I have to agree with Superiorshares, you will probably lose a lot more. 160p coming.

[superiorshares] 09/7/2020 17:43

Disco . The majority of the people who take out doorstep loans have never heard of the money advice service, let alone read it !

How you feeling ? . Not so flush now are you . Your going to lose a lot more soon :-)

[discodave45] 09/7/2020 17:33

CutYou keep posting the same negative rubbish. First you started the debate by saying that social distancing would be an issue, now you keep banging on about 75%of home credit customers haven't got bank accounts - post up where you got this number from and I might start to listen to what you have to say.Below is a link to the moneyadviceservice, if you read and then open up NatWest and go through their site you will see that opening a fee free bank account, even if poor credit rating, a bankrupt, an ex con, or on social and you can open an account online.Are you holding these shares?.Https://www.moneyadviceservice.org.uk/en/articles/basic-bank-accounts

[1cutandrun] 09/7/2020 14:53

Disco. I don't believe what you are saying. Fenn is quite right, it's not easy to open a bank account. That's why 75% of home credit customers haven't got them. Banks don't want these people. High risk and no profit in them. Your quote. Where/how do you think benefits are paid. I don't think, I know. Payment Exception Service and Post Office Cards. You clearly haven't heard of these, where people can get their benefits in cash from machines or the Post Office. Not being rude, but you're talking nonsense. You also accused me of giving false information when it's on the PFG web page. You also believe the agents are fully aware of where and how to open such bank accounts for their home credit customers. Really. They can't give advice on where and how to open a bank account. That is non compliant. They are not banking experts.

[fenners66] 09/7/2020 13:33

That was when you did not have to queue 20 mins to get in ...

[encarter] 09/7/2020 12:27

It's likely that one already has a bank account so doesn't need to open one specifically or indeed visit a branch.

[discodave45] 09/7/2020 08:50

To be fair no I haven't, not recently anyway.Did randomly select one of the 9 banks that do provide fee free accounts and you can apply/open an account online, they even have the facility for proving applicants ID using online info, I.e. driving licence, uploading a selfie, etc.

[fenners66] 09/7/2020 00:15

You tried opening a bank account recently ?
Tried even getting in a bank more recently?

[discodave45] 08/7/2020 23:03

Correction: not most banks, there are actually only 9 banks that are designated to provide fee free basic bank accounts. No doubt PFG agents are fully aware of where and how to open such accounts for their home credit customers.

[discodave45] 08/7/2020 22:59

Found it.So they need a bank account, which is easy enough even if you have a poor credit rating, are an ex convict are on benefits etc., most banks offer fee free accounts for such circumstances......where / how do you think benefits are paid!.Do think you are barking up the wrong tree.

[discodave45] 08/7/2020 22:53

'It clearly states on the PFG web page that customers have to have a bank account and the loan is paid straight into their account. There are no cash loans being issued at this time.'Can you post the link please.

[1cutandrun] 08/7/2020 22:40

Superior I did reply to you at 14.00. It was on here but they have taken it off and put it as a thread.

[1cutandrun] 08/7/2020 22:31

It clearly states on the PFG web page that customers have to have a bank account and the loan is paid straight into their account. There are no cash loans being issued at this time.

[1cutandrun] 08/7/2020 22:24

I put a post on here at 14.00. It's showing as a thread. Will try and post it again

[jeannettetigger] 08/7/2020 19:44

I will give your love to ohoh and diku!

[jeannettetigger] 08/7/2020 19:42

Not again!

[jeannettetigger] 08/7/2020 19:36

Usual bad retort!

[discodave45] 08/7/2020 19:34

Should go to specsavers :)