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Peter Crook, CEO Provident resigns in disgrace as £1.7billion wiped off Share Value

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Well it seems like Provident are having issues. Being investigated for irresponsible lending and losing a lot of money on shares.

 

http://www.dailymail.co.uk/news/article-4814606/800-000-families-face-crisis-sub-prime-loan-firm-tanks.html


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Essex girl in pc world looking 4 curtains 4 her pc,the assistant says u dont need curtains 4 a computer!!Essex girl says,''HELLOOO!! i,ve got WINDOWS!!'.

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At least 800,000 struggling families face crisis after sub-prime loan firm Provident Financial goes into meltdown

 

  • Shares in Provident Financial crashed 66 per cent yesterday as crisis looms
  • Drop believed to be biggest one-day fall for a blue-chip FTSE 100 firm ever
  • Peter Cook, the CEO, resigned in disgrace as £1.7billion was wiped off its value
  • Now 800,000 customers of it doorstep collection business are at risk

Hundreds of thousands of struggling families have been left in limbo by a mounting crisis at doorstep lender Provident Financial.

Shares in the business crashed by 66 per cent yesterday after bosses admitted that a software bug has made it impossible to collect debts from customers.

It is believed to be the biggest ever one-day stock price fall for a firm in the blue chip FTSE 100 index, wiping £1.7billion off its value.

 

http://www.dailymail.co.uk/news/article-4814606/800-000-families-face-crisis-sub-prime-loan-firm-tanks.html?ito=social-facebook


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right surname too :madgrin::madgrin:

 

dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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In a shock update to the stock market, Provident revealed it was being investigated over a potential mis-selling scandal which could ultimately cost up to £140million.

 

 

 

Why is this a shock ? CAG has known for some time that this company was involved in irresponsible lending ! It should have been investigated a couple of years ago.


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Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

 

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

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right surname too :madgrin::madgrin:

 

dx

 

 

Hey thats been my line for years lol:lol: pay my Royalty!:whoo:


:mad2::-x:jaw::sad:

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Just a query but they are being investigated for IR. I take it that if found they had then anyone who struggled with a loan can claim from them no matter how long ago


OFT debt collection guidance

 

Please remember the only stupid question is the one you dont ask so dont worry about asking the stupid questions.

 

Essex girl in pc world looking 4 curtains 4 her pc,the assistant says u dont need curtains 4 a computer!!Essex girl says,''HELLOOO!! i,ve got WINDOWS!!'.

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