Provident ups sales despite benefit cuts

first_img Provident ups sales despite benefit cuts whatsapp Share whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof SPECIALIST doorstep lender Provident Financial said yesterday it expected the impact of government spending cuts to have a modest impact on its customers.The lender said for the 12 weeks since the beginning of September its Home Credit sales were seven per cent ahead of sales for the same period a year ago.The company said this was due to an increased focus on selling credit to existing customers and what it believes to be “increased visibility on their household incomes”.The firm said the capping of benefits that a family can receive at around £500 per week would affect less than one per cent of its Home Credit customers who will also not be hurt by cuts to child benefit for the better off.It added capping of housing benefit would not have a significant impact on the small minority of Home Credit customers living in private rented accommodation and in receipt of benefits. It pointed out there was no change to social housing rents for existing tenants, which is relevant to almost half of the company’s customer base.Peter Crook, chief executive of Provident Financial, said continuing favourable trends for the business helped “reinforce management’s confidence of delivering a good result for the year.” Tags: NULLcenter_img Wednesday 24 November 2010 9:05 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”Wanderoam Show Comments ▼ KCS-content last_img

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