Provident writes off outstanding Irish customer loans as it exits market

The company said it stopped collecting payments last Monday morning and that any remaining balance held by borrowers after that date “is now paid off”.

The company formally exits the Irish moneylending market as of today. File Picture: Pexels

Doorstep moneylender Provident has written off all outstanding loans owed to it by its Irish customers ahead of it formally exiting the market.

Provident has told its Irish customers that any remaining balance on their loans is being taken as having been paid off and that their credit record will be updated accordingly.