Sat December 16, 2017
- Tewkesbury homes without water after pipe burst - About 10,000 homes and businesses are without water and schools are closed in Tewkesbury.
- Abandoned war baby reunited with saviour 74 years on - Trevor Hill, 92, found an abandoned baby in a box in London's Oxford Street in 1943.
- Richard Adams' books collection sold at auction - The Watership Down author's collection of books fetches more than £250,000.
- Primary league tables: Special-needs pupils struggle with new tests - Primary school league tables show pupils with special needs are dropping further behind their classmates.
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.