Sat September 25, 2021
- South Cerney RAF veteran celebrated with Spitfire flypast - As a flying instructor, Eric Downs trained more than 500 pilots during his time in the RAF.
- Gloucestershire arrests after men found in 'false section' in bed - The men, wanted on suspicion of burglary and criminal damage, "lost a game of hide and seek", police said.
- Adventurer completes Three Lakes, Three Peaks endurance challenge - A Gloucester man is part of a team that has completed the Three Lakes, Three Peaks challenge.
- Mum says organ donation wishes need to be shared - A Gloucestershire mum helped save the lives of five people through organ donation after she died.
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.