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I took out an £800 loan with Provident in October this year.

 

I was getting married and needed some extra cash.

 

At the time of applying for the loan, I was unable to get credit elsewhere, my own bank refused me a loan.

 

I am querying something.

 

With interest the debt mounted up to £1600.

 

I pay £21.60 per week.

 

The balance is now only £1400 after 9 weeks.

 

Its going to take me 78 weeks in total to pay it off.

 

It just seems to be taking forever, and I'm ony paying off the interest instead of the overall balance I original borrowed.

 

 

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yep that's how provi loans work.

the killer is you signed up to an 18mts repayment schedule.

 

 

 

 

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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