Wed July 15, 2020
- Tim Jones: Singing policeman to release charity single - PC Tim Jones from Gloucester records a song to support a children's mental health charity.
- 'First' English-born pine martens filmed after relocation - Pine martens were reintroduced into the Forest of Dean last year after an absence of 200 years.
- Gloucester barbers trained to spot mental health issues - A hairdressing salon is using its bond with customers to help them with mental health issues.
- Gloucester's slave trade links to be scrutinised - Gloucester City Council is to review what can be done to statues and places linked to slavery.
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 Stroud council and local government have set up many financial advice lines and initiatives to help advise you on how to deal with such problems.