MABS Concerned Money Lender's Withdrawl From Ireland Could Impact Borrowers.

Tuesday, 11 May 2021 11:43

Provident ceased issuing loans on May 10th.

Sub-prime lender Provident is pulling out of the Irish market.

The money-lender will no longer be issuing any loans and is closing down its Irish operations.

Provident, the largest moneylender in Ireland, has indicated its intention to pull out of the Irish market. They will not be issuing any new loans from today, Monday, 10 May.

Concerned this might affect you? Then, speak to an adviser from #MABS. We can help you👇 pic.twitter.com/UthwMPcHDv
— MABS - The Money Advice and Budgeting Service (@MABSinfo) May 10, 2021

It's one of the biggest in the country, but it recorded losses of €78 million last year.

Michelle O'Hara is Regional Manager at the Money Advice and Budgeting Service.

She joined Clem Ryan on this morning's edition of Kildare Today.

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