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Tue November 12, 2019
- England flooding: Communities to get practical and financial help - Boris Johnson announces more support for flooded areas after criticism from Labour and the Lib Dems.
- England flooding: Doncaster floods seen from the air - The BBC's David Shukman went up in a helicopter to look at the scale of the damage.
- Primark guard preyed on shoplifting teenage girls - Zia Uddin attacked four 15-year-old girls at the Kingston Primark store in 2017.
- HS2 should happen despite rising cost, says review - A draft copy of a review into the project says it might cost even more than its current price of £88bn.
Avoiding Payday Loans
Posted by Administrator : Tuesday 5th March 2013
AVOIDING THE DOWNWARD SPIRAL. In the beginning everyone thought these payday loan lenders where all doing us a favour and it sounds so simple borrow a little bit of money just before your payday and then pay back on your payday.
However along with the extortionate interest rates on the initial loan combined with large late fees or large extension fees has led some individuals and families falling into further debt.
Finally the government have realised that local people in various communities have been and still are struggling to recover from these payday loans. Currently there is little legislation in place to help govern how the payday lenders operate and it is estimated the government now plan to put this in place to help these people.
If you have suffered or had a bad experience with a payday lender and are seeking advice, our local Hastings council and local government have set up many financial advice lines and initiatives to help advise you on how to deal with such problems.