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Vanquis Bank is part of Provident Financial, a leading UK financial provider. Provident Financial was founded in Bradford in 1880 by Joshua Kelley Waddilove, he devised a system to help local working class families to provide for themselves through the use of vouchers that could be exchanged in local shops. The families then paid back the vouchers in small affordable weekly instalments.
Desperate families turning to high interest credit cards with as much as 60% interest rates as number of applications accepted by high street banks plunge.
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