Sun October 21, 2018
- Two charged after Gloucester cannabis factory raid - Cannabis plants with an estimated street value of £500,000 were found by police in the raid in Gloucester.
- Controlled explosion carried out in Tewkesbury by bomb squad - Officers were called to Lower Lode Lane near the River Severn in Tewkesbury.
- Pupils sent wrong school entrance exam results - Two grammar schools in Gloucester blame a 'technical error' for some pupils being told they had passed.
- Sudeley Castle dig reveals 'Queen Elizabeth I' structure - Experts have found evidence of structure which could have been used when Queen Elizabeth I visited.
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.