Tue July 5, 2022
- Electric vehicles not suitable for police response says PCC - Officers find electric cars "run out of puff" in rural areas, a Police and Crime Commissioner says.
- Gloucestershire: Waste cooking oil stolen from pub - The Kings Arms in Newent, in the Forest of Dean, had its waste cooking oil stolen twice in one week.
- Queen's Baton Relay heads to Hereford - Baton-bearer Cameron Wood says it is the "icing on the cake" after carrying the Paralympic flame.
- Work to add cycle path to Gloucester A430 to begin - Widened footpaths and cycle routes are to be added to the A430 in Gloucester.
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.